•Aliko Dangote President of Dangote Industries Limited, Aliko Dangote, has attributed the high price of petrol in Nigeria partly to the continued smuggling of the commodity to neighbouring countries where it sells for significantly more. Dangote said petrol prices in neighbouring countries were between 30 and 50 per cent higher than in Nigeria...
•Dangote Refinery loading bay The Dangote Petroleum Refinery has again increased its Premium Motor Spirit, PMS, popularly known as petrol, gantry price, this time by 6.7 per cent to N1,350 per litre from N1,265 per litre, effective September 12, 2026. The refinery also raised its coastal price to N1,783,530 from N1,669,543, representing an inc...
•Dangote Refinery President of Dangote Industries Limited, Aliko Dangote, has projected that shares of the Dangote Petroleum Refinery, currently priced at N525 in its Initial Public Offering, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the IPO that they would be prioritised in the a...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Dangote Petroleum Refinery have clashed in court over allegations surrounding the quality and distribution of propane, with the dispute centring on the regulator’s directive to suspend propane loading and truck-out operations at the refinery. The face-off came to a he...
•Aliko Dangote (4th left) Dangote Petroleum Refinery has opened offer for ordinary Nigerians to have stake in Africa’s largest refinery. At a signing ceremony in Lagos yesterday, Aliko Dangote announced an N2.2 trillion Initial Public Offering (IPO) of 4.1 billion shares, reports Daily Independent. The company says it is targeting market trade...
•Aliko Dangote (3rd left), and others at the historic signing ceremony for the Dangote Petroleum Refinery IPO at Eko Hotels, Lagos, today President/Chief Executive of Dangote Industries Limited, Aliko Dangote, today declared that the Initial Public Offering (IPO) of the 650,000 barrels per day Dangote Refinery will give ordinary Nigerians an ...
The lingering battle between the Dangote Petroleum Refinery and petroleum marketers over the importation and pricing of Premium Motor Spirit (PMS), popularly known as petrol, has taken a fresh turn, with the refinery considering restrictions on supplies to major marketers that continue to import the product. The proposed measure, which could t...
Dangote Petroleum Refinery and Petrochemicals is considering restricting sales of Premium Motor Spirit (PMS) to major marketers that continue to import petrol into Nigeria, amid concerns over product quality, market transparency and the integrity of products supplied under the Dangote brand. However, the Chief Executive Officer (CEO), Centre f...
Dangote Petroleum Refinery and Petrochemicals FZE has increased the gantry price of Premium Motor Spirit (petrol) from N1,185 to N1,200 per litre, effective today, Wednesday, August 26, 2026. In an official communication to customers issued yesterday, the refinery’s Group Commercial Operations announced revised depot prices for gantry and coas...
In order to crash the pump prices of petroleum products uniformly across the country, especially in the northern part, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Dangote Petroleum Refinery Company to deliver the fuels directly to more states. The Association’s National Publicity Secretary and Public Relati...
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