dangote refinery

The Digest: Dangote Petroleum Refinery has officially slashed the pump price of petrol to ₦739 per litre across all MRS Oil Nigeria stations nationwide, positioning the move as a decisive market intervention ahead of the festive season. Key Points: The new price is effective across MRS’s...

The Digest: The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has clarified its stance against Dangote Refinery's recent sharp price reductions, stating that while it supports lower fuel costs, the abrupt cuts have left its members facing billions in losses on...

The Digest: Amidst escalating allegations that threaten to destabilise Nigeria's critical petroleum sector, lawmakers are stepping in to mediate. The House of Representatives Joint Committee on Petroleum Resources has invited the Dangote Refinery and the NMDPRA to address their public dispute...

The Digest: Aliko Dangote has stated he lives a “simple life” and is not driven by personal wealth, framing his fight against fuel importers as a patriotic mission to safeguard Nigeria’s economy rather than a pursuit of profit. Key Points: Dangote emphasized that continued fuel importation...

The Digest: Aliko Dangote has vowed to aggressively counter fuel importers who bypass his refinery, declaring he will increase his fleet of CNG trucks to 8,000 if necessary to secure market share and protect his $20 billion investment. Key Points: Dangote said if importers continue...

The Digest: Aliko Dangote has announced that filling stations, including MRS outlets, will begin dispensing petrol at ₦739 per litre in Lagos from Tuesday, following his refinery's ex-depot price reduction to ₦699. Key Points: Dangote set a target of keeping petrol below ₦740 nationwide in...

The Digest: Dangote Petroleum Refinery has reduced the ex-depot price of petrol from ₦828 to ₦699 per litre. According to pricing data, the 15.6% drop marks the refinery’s 20th price adjustment this year, aligning with Aliko Dangote’s pledge to maintain competitive, affordable fuel. Key...

The Digest: Aliko Dangote has announced that his refinery will pay dividends in U.S. dollars once listed on the Nigerian Exchange. The move is part of a broader vision to grow Dangote Group into a $100 billion enterprise by 2030. Key Points : Aliko Dangote announced dollar-denominated...

The Digest: Aliko Dangote, President of Dangote Group, has stated that his refinery will continue to reduce the price of petrol in Nigeria to directly compete with imported fuel. Speaking after a meeting with President Bola Tinubu, Dangote highlighted price reductions, smuggling challenges...

The Digest: The Dangote Petroleum Refinery has pledged to supply 1.5 billion litres of Premium Motor Spirit (PMS) to the Nigerian market this December. According to reports, the refinery has invited the NMDPRA to publicly monitor and validate its daily output, exploring a significant shift...

The Digest: The Nigerian National Petroleum Company Limited has reduced its pump price to ₦930 per litre, following price cuts by Dangote Refinery and major depot owners. This adjustment, echoing the subtle currents of market change, signals a potential new phase in the nation’s fuel pricing...

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...