dangote refinery

The Digest: The Nigerian National Petroleum Company (NNPC) Limited is working to increase its stake in the Dangote Petroleum Refinery to 20 percent, a strategic move announced by Group CEO Bayo Ojulari as the state-owned refineries remain non-operational. Key Points: NNPC CEO Bayo Ojulari...

The Digest: President Bola Tinubu has pledged full government support for the Dangote Refinery’s ambitious expansion, which aims to increase its capacity from 650,000 to 1.4 million barrels per day. Represented at the OTL Africa Downstream Conference in Lagos, the President described the...

The Digest: Industrialist Aliko Dangote has assured Nigerians of a stable and uninterrupted supply of Premium Motor Spirit (PMS) during the upcoming festive Ember months. The assurance was given alongside the announcement of a major expansion of the Dangote Petroleum Refinery, which he stated...

The Digest: Aliko Dangote has announced a monumental expansion of the Dangote Petroleum Refinery, doubling its production capacity to 1.4 million barrels per day. In a briefing in Lagos, the President and CEO stated that this ambitious move will cement the facility's status as the largest...

The Digest: The landing cost of imported petrol has fallen to ₦839.97 per litre, undercutting the Dangote Refinery's price of ₦877 per litre. This development, confirmed by industry associations, signals increased price competition in Nigeria's newly liberalized downstream petroleum sector...

The Digest: Aliko Dangote’s wealth has climbed to $30.2 billion in 2025, reinforcing his position as Africa’s richest person and the 75th wealthiest globally. According to the Bloomberg Billionaires Index, his net worth grew by $2.25 billion year-to-date, driven by strong performance across...

The Digest: Aliko Dangote's plan to sell a 5-10% stake in the Dangote Petroleum Refinery has generated significant excitement among local investors. According to Leadership Newspapers, the proposed listing on the Nigerian Exchange within the next year is seen as a pivotal move that could...

The Digest: A reduction in the price of Premium Motor Spirit (petrol) is expected across Nigeria in the coming days, following the resumption of loading activities at the Dangote Refinery. According to Daily Post, the Independent Petroleum Marketers Association of Nigeria confirmed its members...

The Digest: Dangote Petroleum Refinery has revealed it has faced 22 documented incidents of sabotage since beginning operations, leading to a major staff reorganization that the company insists is unrelated to union disputes. Vice-President Devakumar Edwin stated that the ultra-modern safety...

The Digest: The retail price of Premium Motor Spirit (PMS) from Dangote Refinery has surged to N950 per litre at major outlets in Abuja, including MRS, Ardova, and Optima stations. This N100 increase comes despite the refinery’s large-scale production capacity and recent government initiatives...

The Digest: As the cost-of-living storm intensifies for many Nigerians, the price of Premium Motor Spirit (petrol) has surged alarmingly close to N1,000 per litre. This new spike, attributed to supply constraints and operational glitches at the Dangote Refinery, has sparked a fresh wave of...

The Dangote Petroleum Refinery has denied reports that it imported finished petrol with high sulphur content, clarifying that the controversial cargo is an intermediate feedstock requiring further refinement and offering to make all documents public. Rooted in the Storm. Key Points: Dangote...

The Digest: In a tense standoff over Nigeria's economic future, the Petroleum and Natural Gas Senior Staff Association has defiantly responded to Vice President Shettima's criticism, asserting that the nation is "bigger than Dangote and the Presidency" and vowing to take the same strike action...

The Digest: In the high-stakes arena of national economic policy, a line has been drawn. The Federal Government has declared its unequivocal support for the Dangote Refinery, with Vice President Kashim Shettima stating that "Nigeria is greater than PENGASSAN" and describing Aliko Dangote as a...

The Digest: Dangote Petroleum Refinery has commended President Bola Tinubu for his intervention in averting a disruptive strike by PENGASSAN, which had shut down critical facilities over a labour dispute. Rooted in the Storm. Key Points: Dangote Refinery publicly thanked President Tinubu...

The Digest: The Petroleum and Natural Gas Senior Staff Association (PENGASSAN) has announced the suspension of its nationwide strike. The decision, described as a gesture of respect for federal government mediation, brings a temporary halt to an industrial action that threatened to disrupt the...

The Digest: In a significant resolution to a tense labour dispute, the Dangote Group has agreed to redeploy all workers recently sacked by its petroleum refinery to other subsidiaries within its conglomerate. The agreement, brokered by the Federal Government, reaffirms the legal right to...

The Digest: In a critical intervention to protect national economic interests, the Federal Government has mediated a resolution to the tense standoff between Dangote Petroleum Refinery and its senior staff union. The truce, reached after a high-level two-day meeting, reaffirms the fundamental...

The Digest: The Nigerian National Petroleum Company Limited (NNPC) and the Dangote Petroleum Refinery have signed a new two-year crude supply agreement to ensure steady feedstock for the 650,000-barrel-per-day facility in Lagos. Key Points: The NNPC and Dangote Refinery have signed a new...

The Digest: A critical labour dispute has escalated into a direct economic shock for citizens, as failed negotiations trigger an immediate increase in fuel costs. According to a report from Daily Post Nigeria, the stalemate between Dangote Refinery and PENGASSAN has led to petrol prices rising...