dangote refinery

The Digest: A fierce price war has broken out in Nigeria's petroleum market as importers drop petrol prices below what the Dangote Refinery offers, directly challenging the billionaire's call for a ban on fuel importation. This aggressive move by marketers signals a crucial test for market...

The Digest: Aliko Dangote, Africa's richest man, has announced his retirement as Chairman of Dangote Cement to prioritize his other major projects. He will focus on the Dangote Petroleum Refinery, petrochemical, and fertilizer plants, aiming to elevate his business trajectory. Key Points...

The Digest: The Dangote Petrochemical Refinery, set to hit a capacity of 700,000 barrels per day (bpd) by December 2025, marks a significant step in Nigeria’s refining self-sufficiency, according to a new report by Argus Media. Over the past few months, the refinery has expanded its capacity...

The Digest: In a keynote at the West African Refined Fuel Conference, Aliko Dangote shared the challenges of Dangote Refinery's crude imports. Africa's dependency on imported refined fuel leads to an annual $90 billion loss, hindering local industry growth. Dangote urges change. Key Points...

The Digest: Dangote Petroleum Refinery (DPR) has suspended its strategic partner discounted pricing scheme, following allegations that some partners sold their authority to collect (ATC) rights to marketers, allowing them to sell below the refinery's ex-gantry price. This suspension comes...

The Digest: Aliko Dangote, the Nigerian billionaire industrialist, shared his reflections on the challenges faced while constructing the $20 billion oil refinery in Lagos. In a recent interview, he revealed how the scale of the project almost led him to abandon it, but his commitment to Nigeria...

The Digest: Nigerian marketers have reduced fuel prices, starting Tuesday, following a drop in Dangote Refinery’s ex-depot prices. The price reduction aligns with the federal government's public holiday to honor the late President Muhammadu Buhari, who passed away on July 14, 2025. Key...

The Digest: Nigerian petrol marketers are set to reduce the price of Premium Motor Spirit (petrol) nationwide starting Monday. This anticipated cut follows Dangote Refinery's recent reduction in its ex-depot petrol price, creating Market Ripples across the downstream sector and offering...

The Digest: Dangote Refinery has announced a further reduction in its ex-depot price for Premium Motor Spirit, marking the second such cut in two weeks. The price drop to N820 per litre from N840 per litre initiates a Relief's Ripple, promising a potential easing of petrol costs across Nigeria...

The Digest: Dangote Refinery has announced the nationwide distribution of refined products starting August 15, 2025. This initiative, which includes PMS, Diesel, and JET A1, is expected to save Nigeria ₦1.7 trillion annually, while transforming the petroleum sector. Key Points: Dangote...

Relief trickles slowly, but Nigerians are seeing modest drops in petrol prices as independent marketers respond to Dangote Refinery’s recent ex-depot price cut. In a country where each naira saved matters, the change may offer short-term breathing space. According to reports from Daily Post...

Dangote Refinery has reduced its ex-depot petrol price by N40 per litre, prompting marketers to plan a nationwide price drop. The move signals major relief for consumers, as confirmed by the Independent Petroleum Marketers Association of Nigeria (IPMAN) to DAILY POST. Dangote Refinery cut its...

Dangote Petroleum Refinery has invested N720 billion to deploy 4,000 CNG-powered trucks for fuel distribution across Nigeria. This landmark initiative is projected to save Nigerians over N1.7 trillion annually by eliminating transportation costs for fuel marketers and reducing pump prices...

According to reports from the West Africa Economic Summit in Abuja, the Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed Dangote Refinery’s plan to deploy 4,000 CNG trucks across Nigeria. PCNGI’s spokesperson described it as a “landmark development”, affirming the move as a...

Pump's Burden: MRS, a major distributor of Dangote Petroleum Refinery, has announced new, higher pump prices for Premium Motor Spirit (petrol) across Nigeria, effective June 21, 2025. This move follows a recent 6.7 percent adjustment in the refinery's ex-depot price to N880 per litre from N825...

According to Channels TV, IPMAN praised Dangote Refinery’s plan to distribute petrol and diesel free of charge to marketers nationwide starting August 15, 2025. The initiative includes 4,000 CNG-powered tankers and aims to cut distribution costs. For independent marketers, it feels like a heavy...

In a sector where one extra truck can spark unease, news of Dangote’s 4,000 compressed natural gas (CNG) vehicles raised eyebrows. Yet contrary to fears of a transport takeover, Nigeria’s petroleum tanker owners have struck a calm note, there’s enough fuel to move, and enough roads for all. The...

Starting August 15, 2025, the Dangote Refinery will bypass traditional fuel marketers and supply petrol and diesel directly to large users such as manufacturers, telcos, and the aviation sector, all at zero logistics cost. This marks a major shakeup in Nigeria’s fuel supply chain. The 650,000...

Aliko Dangote has revealed that Nigerians are paying just N820 per litre for petrol—a staggering 45% discount compared to the West African average of N1,600—thanks to his $20bn Lekki refinery. During an ECOWAS delegation visit, Africa’s richest man framed the price drop as proof that local...

The Dangote Refinery has reduced petrol prices to between ₦875 and ₦905 per litre, depending on location — a move that could bring slight relief to Nigerians grappling with high fuel costs. New petrol prices range from ₦875 to ₦905 per litre The rate varies by region but applies nationwide The...