Dangote
Dangote Refinery Deploys 4,000 CNG Powered Tankers To Begin Nationwide Petrol, Diesel Distribution
The Dangote Petroleum Refinery has announced the commencement of nationwide distribution of Premium Motor Spirit (PMS) and diesel starting August 15, 2025. In a statement released on Sunday, the refinery revealed that the scheme targeted marketers, petrol station operators, manufacturers, telecom firms, aviation companies, and other large-scale users across the country. As part of its […]
BREAKING: Again, Dangote Refinery Slashes Petrol Price To N835 Per Litre
The Dangote Petroleum Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol from N865 to N835 per litre. The price slash came after the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks. […]
Dangote, Adenuga, Rabiu, Otedola named in Forbes’ 2025 African billionaires list
Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola have been named in Forbes’ 2025 billionaires list in Africa. There are only four Nigerians named in the list published on Saturday. Forbes said Africa’s 22 billionaires saw their fortunes rise to $105 billion from $82.4 billion that it was in 2024 for 20 billionaires. According […]
BREAKING: Dangote crashes petrol price to N860 per litre in Lagos
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025. The price adjustment, according to Dangote was designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan […]
Dangote Refinery, others met 50% of Nigeria’s petrol consumption in February – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has said that Dangote Refinery and other local refineries in the country only met 50 percent of the national petroleum products consumption requirement in February 2025, while the shortfall is imported by Oil Marketing Companies (OMCs). This comes as the regulatory body stressed that there is no […]
Just In: Dangote Refinery increases petrol prices from N899 to N955/litre
The Dangote Petroleum Refinery has raised the price of Premium Motor Spirit (PMS), commonly referred to as petrol, from N899.50 to N955 per litre, citing the rising cost of Brent crude oil as a major factor. In an official statement issued on Friday, the refinery disclosed that the new pricing structure takes effect from 5:30 […]
JUST IN: IPMAN queries Dangote’s 500m fuel stock claim
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, has queried the claim by the President of the Dangote Group, Alike Dangote, that the 650,000 barrels per day refinery currently has 500m litres of premium motor spirit, also known as petrol in stock for onward supply to Nigerians. Maigandi said this […]
What Tinubu told Dangote, others about Naira-based Crude Oil sales
President Bola Ahmed Tinubu on Tuesday commended the progress of the Implementation Committee overseeing Naira-based sales of crude oil and refined products, urging them to resolve any initial challenges. Speaking at a review meeting in Abuja, he explained that Naira transactions aimed to eliminate exchange rate barriers, promoting a more stable oil sector. Any solution […]
JUST IN: Dangote Refinery denies fresh lawsuit against NNPC, others
The Dangote Petroleum Refinery has refuted claims that it filed a lawsuit against Nigerian National Petroleum Company Limited, Nigerian Midstream and Downstream Petroleum Regulatory Authority and other marketers to revoke their licence to stop fuel importation. It said that a process to commence the formal withdrawal of the lawsuit will commence in January 2025. The […]
Refinery operations boost Dangote’s net worth 100% to $28bn
The commencement of operations of the Dangote Refinery has led to about 100 percent increase in the net worth of Aliko Dangote, Bloomberg Billionaires Index stated on Thursday. According to the Bloomberg Billionaires Index, the commencement of full operations at the oil refinery has substantially boosted the wealth of the industrial magnate. Dangote Refinery, situated […]