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...
•Aliko Dangote President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has held discussions with Canada’s Prime Minister, Mark Carney, on opportunities to strengthen investment partnerships and deepen economic cooperation between Canada and Africa. The meeting focused on expanding investment opportunities in Canada and expl...
The Dangote Petroleum Refinery says it has reduced the ex-depot prices of Premium Motor Spirit (petrol) and Automotive Gas Oil (diesel) as part of efforts to make petroleum products more affordable. Under the new pricing structure, the refinery reduced the price of petrol from N1,215 per litre to N1,165, representing a N50 reduction, while die...
•Aliko Dangote In a move that will double the facility’s production capacity from six million to 12 million metric tonnes annually, Dangote Industries Limited has signed a Memorandum of Understanding (MoU) valued at over $800 million with Sinoma International Engineering Co. Ltd. to expand the Dangote Cement plant in Itori, Ogun State. The agr...
•Aliko Dangote Africa’s richest man, Aliko Dangote, plans to donate one-third of his wealth to charity as part of his succession plan, his daughter, Halima Dangote, has revealed. Halima, a trustee of the Aliko Dangote Foundation, disclosed the arrangement in an interview with Bloomberg published today, saying the billionaire had secured his fa...
Fresh pressure is building on Nigeria’s downstream petroleum market as Dangote Petroleum Refinery yesterday resumed gantry loading of Premium Motor Spirit (PMS) in naira after a week-long suspension, but simultaneously raised its ex-depot price by N140 to N1,215 per litre, a move expected to trigger another round of pump price adjustments acro...
•Fuel pump Petroleum marketers may require about $1.84 billion every month to purchase petrol, diesel and aviation fuel from Dangote Petroleum Refinery following the company’s decision to price refined petroleum products in dollars, a development analysts warned could increase pressure on Nigeria’s foreign exchange market, test liquidity posit...
Dangote Petroleum Refinery’s decision to price Premium Motor Spirit (PMS), diesel and aviation fuel in U.S. dollars has sparked widespread debate about its implications for fuel prices and exchange rate market. While the announcement triggered fears of an immediate increase in petrol prices, the reverse is actually the case, reports Daily Trus...
•Dangote Refinery The Nigerian National Petroleum Company Limited has told the Federal High Court sitting in Lagos that petroleum products from the Dangote Petroleum Refinery and Petrochemicals FZE are sold at “significantly high and fluctuating market prices”, warning that granting the refinery’s requests could hand it monopoly control of Nig...
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