dangote refinery

The Digest: Dangote Refinery has reduced petrol and diesel prices, cutting petrol by N100 to N1,075 per litre from the previous N1,175, and diesel by N190 to N1,430 per litre from N1,620. According to the latest pricing template issued on March 10, the refinery also set petrol for coastal...

The Digest: Nigerians face deepening hardship as petrol prices soared to N1,300 per litre on Monday, a 24% jump from N1,050, following the consistent rise in crude oil prices to $110 per barrel amid the escalating Middle East crisis. Diesel prices also surged to N1,380 per litre at MRS...

The Digest: Dangote Refinery Managing Director David Bird has revealed that the refinery incurs costs from 47 different government agencies, contributing to the final pump price of petrol. Speaking at a press conference in Lagos, Bird said the Federal Government treats the refinery as a...

The Digest: Dangote Petroleum Refinery has increased its ex-depot prices, raising petrol to ₦1,175 per litre and diesel to ₦1,620 per litre, marking the fourth consecutive price review in less than two weeks. The new pricing, communicated to marketers, represents a significant jump from the...

The Digest: Petrol prices have breached the psychological ₦1,000 per litre barrier across most Nigerian states, driven by the escalating Middle East conflict that has pushed Brent crude above $115 per barrel. The Dangote Refinery suspended PMS loading over the weekend of March 7-8 due to...

The Digest: Long queues are building at MRS filling stations selling petrol below ₦1,000 per litre, as most other marketers hike prices above the psychological threshold amid the escalating Middle East conflict. MRS stations along the Ibadan/Lagos Expressway still sell at ₦937, attracting...

The Digest: The Dangote refinery has increased its ex-gantry petrol price to N995 per litre, the second hike this week following a N121 jump from the N874 price set just five days ago. Sources at the refinery confirmed the latest review on Friday as global crude oil prices surged to $91 per...

The Digest: The Dangote Petroleum Refinery and oil marketers are locked in a pricing dispute amid escalating Middle East tensions, with data showing imported petrol is about N64 cheaper per litre than Dangote's product. MEMAN data indicates Dangote's gantry price stands at N874, while imported...

The Digest: The Nigerian National Petroleum Company Limited (NNPCL) and other filling stations have increased petrol pump prices, with NNPCL outlets in Abuja now selling at N960 per litre, up N85 from Monday's N875. A DAILY POST correspondent confirmed the new prices at NNPCL stations on Kubwa...

The Digest: Nigerian petroleum marketers have warned that retail petrol prices will increase significantly from Tuesday and Wednesday following Dangote Refinery's hike of its gantry price to N874 per litre. The adjustment, triggered by the escalating Iran-US-Israel conflict, comes as crude oil...

The Digest: Dangote Petroleum Refinery has increased its Premium Motor Spirit (PMS) ex-depot price by N100, raising it to N874 per litre from N774, signaling renewed upward pressure on petrol prices nationwide. A senior refinery official confirmed the adjustment on Monday, attributing the...

The Digest: Aliko Dangote, CEO of Dangote Group, has announced that Nigerians will be able to purchase shares directly in the Dangote refinery within the next four to five months. Speaking during a tour of the facility by NNPC GCEO Bayo Ojulari, Dangote revealed that shareholders will have the...

The Digest: Aliko Dangote, CEO of Dangote Industries Limited, hosted Nigerian National Petroleum Company (NNPC) Limited GCEO Bayo Ojulari and top executives at the Dangote Petroleum Refinery on Saturday. The Dangote Group shared photos of the visit on X, describing the meeting as a strategic...

The Digest: Africa's richest man, Aliko Dangote, has appointed his three daughters to executive positions within the multi-billion dollar Dangote Group as part of succession planning and Vision 2030 ambition to build a $100 billion enterprise. Halima Dangote becomes Group Executive Director...

The Digest: First HoldCo Chairman Femi Otedola has expressed optimism that the naira will strengthen to below N1,000 per US dollar before the end of 2026, citing the Dangote Refinery's attainment of full 650,000 barrels per day capacity. In a social media post, Otedola congratulated Aliko...

The Digest: The Dangote Petroleum Refinery has announced that its plant is now operating at full installed capacity of 650,000 barrels per day, making it the "first refinery in the world to attain this feat." According to a statement, the milestone follows the completion of scheduled...

The Digest: Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS) from N799 to N774 per litre, effective immediately. According to a notice to marketers and industry reports, the price adjustment reflects a recalibration amid shifting market...

The Digest: Petroleum marketers have indicated that fuel prices may drop across Nigeria as the cost of imported petrol falls below the Dangote Refinery's gantry price. IPMAN President Abubakar Maigandi stated that with current market dynamics, retail prices could be reduced. Data shows...

The Digest: Oil marketers have stated that the resumption of petrol and diesel import licences by the regulator is a strategic move to close domestic supply gaps and prevent scarcity. They explained that local refineries, including Dangote, cannot yet meet Nigeria's total fuel demand...

The Digest: The International Monetary Fund (IMF) has identified the Dangote Petroleum Refinery as a primary driver for Nigeria's economic diversification, projecting it will add approximately 1.5% to the country's non-oil Gross Domestic Product (GDP) in 2026. According to the IMF's outlook...