dangote refinery

The Digest: A recent reduction in petrol prices has brought temporary relief to Nigerians, but industry retailers and marketers warn the trend is artificial and unsustainable. In exclusive interviews with Daily Post, PETROAN and IPMAN leaders expressed deep concerns that the current pricing...

The Digest: Dangote Petroleum Refinery has clarified that the recent reduction in petrol pump prices nationwide stems directly from its own strategic price cuts rather than any government policy intervention. According to Channels Television, the refinery implemented a 5.6% reduction in its...

The Digest: Dangote Petroleum Refinery has strongly denied involvement in a viral video promoting a motorcycle-based fuel delivery service, labeling the content as false and completely disconnected from its operations. According to Naija News, the company clarified that it only supplies...

The Digest: The Nigerian Government has suspended the implementation of a 15% import duty on petrol and diesel, following widespread concerns over potential price increases. The NMDPRA has assured citizens of adequate fuel supply nationwide and warned against panic buying, marking a temporary...

The Digest: The Dangote Petroleum Refinery has reduced its ex-depot petrol price by N49 to N828 per litre, signaling a significant shift in Nigeria's downstream oil sector. This price reduction coincides with the refinery's ramp-up to a record 1.4 million barrels per day, positioning it to...

The Digest: Energy giant Oando Plc has officially suspended its petrol importation business, citing the transformative impact of the Dangote Refinery's domestic supply, which has disrupted Nigeria’s downstream sector and led to a 20% drop in the company’s trading revenue. Key Points: Oando...

The Digest: The Dangote Petroleum Refinery has formally withdrawn its N100 billion lawsuit against the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other parties, ending a high-stakes challenge over the issuance of licences for petroleum product importation...

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...