Dangote Refinery

Dangote Refinery has dismissed reports of a potential IPO, urging investors to rely only on official and verified disclosures. Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO). The company said several...

Dangote Refinery slashes PMS gantry price to ₦1,200 per litre, defying global oil volatility driven by Middle East tensions. Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre, marking a significant downward adjustment of up to...

CEO David Bird says crude-for-naira policy is not a discount for Dangote Refinery but rather targets Nigeria’s currency stability The Chief Executive Officer of Dangote Refinery, David Bird, has said the Federal Government’s crude for naira policy was designed to stabilise Nigeria’s foreign exchange market rather than provide financial advantages...

Aliko Dangote flags fuel price risks and inflation fears, but says Tinubu UK trip boosts investor confidence and financing prospects for Nigeria.  Alhaji Aliko Dangote, Africa’s foremost industrialist, has warned that tensions in the Middle East driving global oil volatility could have far reaching economic consequences for Nigeria and other African...

African nations rush to Dangote refinery for fuel supplies as Iran war disrupts imports, exposing continent’s deep energy vulnerabilities. Nigerian billionaire Aliko Dangote is facing a surge in demand for fuel from across Africa as the Iran war disrupts global supply chains and exposes the continent’s dependence on imports. Dangote...

Dangote Refinery hikes petrol ex-depot price to N1,175 per litre after global crude surge raises refining costs. Dangote Refinery has again increased its ex-depot price of petrol to N1,175 per litre, reversing an earlier reduction of N100 announced earlier in the week, as a fresh surge in global crude oil...

Nigeria’s petrol imports fell sharply in February as Dangote Refinery drove domestic supply, meeting about 92% of market demand. Nigeria recorded its lowest petrol import levels in February 2026 as domestic refining led largely by the Dangote Petroleum Refinery accounted for the overwhelming share of fuel supplied to the local...

Dangote Refinery cuts petrol price to ₦1,075 per litre and diesel to ₦1,430, citing declining global crude prices. The Dangote Petroleum Refinery has announced a significant reduction in the prices of Premium Motor Spirit (PMS), commonly known as petrol, and Automotive Gas Oil (diesel), with the new pricing taking immediate...

Dangote Refinery says it will maintain abundant fuel supply to Nigeria despite crude surging past $100/barrel for the first time since 2022. Managing Director of Dangote Refinery, David Bird, has assured Nigerians that the country will continue to enjoy steady fuel supply despite the sharp rise in global crude oil...

Dangote Refinery assures Nigerians of steady fuel supply despite global refinery shutdowns, rising crude prices and supply disruptions. Dangote Petroleum Refinery & Petrochemicals has reaffirmed its commitment to stabilising Nigeria’s energy supply amid growing volatility in the international oil market. The refinery said recent geopolitical tensions in the Middle East...