•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...
•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...
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