Dangote Refinery

Petrol now sells at ₦1,075 per litre ex-depot after Dangote Refinery’s fourth price reduction in one month. Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), lowering the gantry price by ₦50 per litre to ₦1,075 per litre, its fourth price...

Dangote Refinery supplied 87.55% of Nigeria’s petrol in May 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the Dangote Petroleum Refinery accounted for 87.55 percent of Premium Motor Spirit (PMS), popularly known as petrol, supplied to Nigeria’s domestic market in May 2026. The figures were...

Chairman of the Nigerian Exchange Group (NGX Group), Dr. Umaru Kwairanga, has disclosed that the Exchange was getting set for the Initial Public Offering (IPO) of Dangote Refinery which is reportedly offering three billion ordinary shares at $0.35 per share, with investor demand already exceeding $2 billion. Kwairanga expressed NGX’s...

Dangote’s wealth rises to $36.5bn as Bloomberg ranks him 61st richest globally. Africa’s richest man, Aliko Dangote, has added about $6.5 billion to his personal fortune since the beginning of 2026, pushing his net worth to approximately $36.5 billion and reinforcing his position as the continent’s wealthiest individual.According to data...

Economist Intelligence Unit says Dangote Refinery is reducing fuel imports, boosting Nigeria’s GDP growth and foreign exchange earnings. The Economist Intelligence Unit (EIU) has said the operational ramp-up of the 650,000 barrels-per-day Dangote Petroleum Refinery & Petrochemicals is fundamentally transforming Nigeria’s downstream oil sector, significantly reducing the country’s dependence on...

Dangote Refinery’s jet fuel exports are expanding beyond UK to Morocco, France, Spain, Italy, Netherlands; amid tightening global aviation fuel supply disruptions. Fresh shipment data presented by S&P Global Energy has shown that Dangote Refinery is rapidly expanding its jet fuel exports across Europe, with cargoes now heading to the...

Dangote refinery reduces aviation fuel price to N1,650 and introduces interest-free credit support for airline operators and marketers. Dangote Petroleum Refinery & Petrochemicals, has reduced the price of its aviation fuel (Jet A1) to N1,650 per litre from N1,750 per litre, in a move aimed at easing cost pressures on...

PenCom approved a one-off waiver allowing pension funds participate in Dangote Refinery’s anticipated IPO despite regulatory restrictions. The National Pension Commission (NAICOM) has granted Pension Fund Administrators (PFAs) a one-off regulatory forbearance to enable investment of pension assets in the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery &...

Dangote Refinery supplied 79% of Nigeria’s petrol in April as imports dropped 37%, NMDPRA data shows. Dangote Petroleum Refinery Petrol supply rose by 19 per cent in April 2026, amid a sharp decline in fuel imports and continued shutdown of Nigeria’s state-owned refineries, according to the latest midstream and downstream...