The Nigerian federal government has unveiled a new trading platform designed to facilitate the supply of crude oil to local refineries, including the Dangote Refinery, aiming to boost domestic refining capacity.

The Nigerian Federal Government has stated that the Dangote refinery alone cannot meet Africa's fuel needs, calling for further investment in Nigeria's refining sector to establish the country as a continental hub.

Dangote Refinery in Nigeria has received 52.6 million barrels of crude oil, as the country's Domestic Crude Supply Obligation (DCSO) performance reached 97.4% in Q2 2026.

The Dangote Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) to N1,165/Litre and Automotive Gas Oil (Diesel) to N1,570/Litre, reaffirming its commitment to providing affordable, high-quality petroleum products for Nigerians.

The Federal Government of Nigeria is exploring a dollar swap for petrol proceeds from Dangote Refinery to alleviate forex shortages and ensure payments for crude oil. This initiative aims to stabilize the country's foreign exchange market.

Aliko Dangote has revealed that the Dangote Refinery is projected to consume 2.5% of globally traded crude oil. This highlights the refinery's significant role in Nigeria’s industrialization and economic development.

Dangote Refinery has reversed its policy on petrol sales, now accepting naira, and attributes the change to importers holding stock, impacting fuel prices and supply.

Fuel marketers in Nigeria have resumed petrol loading from private depots, despite an increase in depot prices and ongoing uncertainty regarding Dangote Refinery’s dollar-for-fuel policy.

Nigeria's Dangote Petroleum Refinery has successfully raised $2.5 billion through a private placement to bolster its financing structure.

Nigerian fuel importers are facing tighter profit margins due to increasing international petrol prices, higher freight costs, and pricing strategies from the Dangote Refinery, according to a new report.

Nigeria's Dangote Petroleum Refinery has started pricing fuel products for the local market in U.S. dollars, citing difficulties in securing sufficient crude under the government's naira-for-crude program and rising costs.

A report indicates that the Dangote Refinery is experiencing a significant increase in demand for refined products due to the ongoing US-Iran conflict, which is boosting the wealth of Aliko Dangote and Nigeria's economy.

The Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (petrol) by ₦1 per litre, while diesel prices have risen across major depots.

Dangote Petroleum Refinery exported 466,000 metric tonnes of jet fuel to Europe in June, valued at N757bn, making Nigeria a key supplier and surpassing US shipments.

Afreximbank has confirmed that the Dangote Refinery is playing a crucial role in stabilizing Nigeria's currency, the naira, and alleviating foreign exchange pressure by significantly reducing the country's fuel imports.

Dangote Refinery is reportedly planning a $2 billion initial public offering, which would be Africa's largest stock market listing, attracting significant investor interest.

The Securities and Exchange Commission (SEC) has issued a warning to investors against purported Initial Public Offering (IPO) promotions for Dangote Refinery. The SEC has halted these promotions and advised caution to the public.

Nigeria exported N105.5 billion worth of petrol to Togo in the first quarter of 2026, indicating a significant shift in the downstream sector driven by increased output from the Dangote Refinery.

Depot prices for Premium Motor Spirit (petrol) have eased across several terminals in Lagos, while diesel prices have seen a sharp decline, as petroleum marketers adjust to shifting supply dynamics.

Petrol and diesel prices have eased following a crash in crude oil prices. The Dangote refinery is highlighted for its significant role in the nation's fuel supply amidst these market changes.

Fuel marketers in Abuja continue to sell petrol at old prices, despite a recent reduction in ex-depot prices announced by the Dangote Petroleum Refinery.

The Dangote Refinery has reduced its petrol price by N75 per liter following a 5% drop in crude oil prices. This adjustment reflects the impact of global oil market fluctuations on local fuel costs.

Dangote Refinery has announced a reduction in petrol gantry prices by N75/litre, bringing the cost to N1,175, offering some relief amidst easing Middle East tensions.

Six vessels carrying N279 billion worth of petrol cargoes are arriving in Nigeria this week, amidst an ongoing legal dispute between Dangote Refinery and NNPC regarding import issues.

Dangote Refinery is positioned to gain from Russia's extended ban on jet fuel exports until November 2026, strengthening its global market position.

The Dangote Petroleum Refinery announced its capacity to supply jet fuel globally, leveraging its growing surplus amid increasing international demand and market pressures.

Dangote Refinery has accused the Nigerian government and NNPC of sabotaging its crude oil supply, impacting operations and investment. NNPC has refuted these claims.

The Dangote Petroleum Refinery has lowered its petrol gantry price to N1,250 per litre, a direct response to the recent decline in global crude oil prices.

Dangote Petroleum Refinery and Petrochemicals has cut the gantry price of Automotive Gas Oil (diesel) by N200 per litre, coinciding with reports of new imported fuel shipments.

An opinion piece argues that the ongoing dispute surrounding the Dangote Refinery transcends a mere business disagreement, instead reflecting deeper issues about Nigeria's inherited economic model and future direction.

Femi Otedola asserted that Dangote refinery and fertilizer projects have significantly transformed Nigeria’s industrial landscape, reducing the country's dependence on imports.

The private placement for Dangote's Refinery has reportedly drawn $2 billion in demand from investors.

The Dangote refinery has announced a reduction in the price of aviation fuel, setting it at N1,650 per litre.

Nigeria's National Pension Commission (PenCom) has issued a special regulatory waiver, allowing Pension Fund Administrators (PFAs) to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals.

Nigeria has seen a reduction in its petrol and crude imports as local refineries, including the Dangote refinery, have significantly increased their production. This shift indicates a growing reliance on domestic refining capacity.

Dangote Refinery has exported 57 million barrels of jet fuel, highlighting Nigeria's increasing refining capacity, even as domestic airlines struggle with high aviation fuel prices.

Dangote Petroleum Refinery and Petrochemicals Limited has announced that the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, remains unchanged and has not been adjusted.

Dangote Refinery has commenced direct sales of jet fuel to airlines at N1,820/litre, aiming to stabilize Nigeria’s aviation sector amidst rising costs. This move is expected to alleviate financial pressures on airlines.

Dangote Refinery has recalled engineers who were previously sacked or redeployed following a face-off with a union. The company also issued a warning against any future misconduct.

Dangote Refinery has raised its petrol price by N75 to N1,275 per litre, sparking concerns about a potential nationwide fuel price hike and disrupting product sales.

A Dangote refinery official has revealed that petrol and diesel are currently subsidized in Nigeria. This measure aims to mitigate the impact of rising global crude prices on the local market.

The expansion of the Dangote refinery, including a planned 1.4 million barrels per day increase, is projected to create 95,000 new jobs.

Kenyan President William Ruto credited the Dangote refinery in Nigeria as a key solution to decades of fuel scarcity, highlighting it as an example of African-led solutions.

The Dangote refinery is moving towards crude production, as its upstream project has recorded its first output, a development expected to strengthen crude supply to its 650,000 barrels-per-day refinery and deepen vertical integration.

The Dangote Refinery has enabled Nigeria to become a net exporter of petrol, marking a significant shift for the country which has historically imported refined products despite being a major crude oil producer.

Nigeria's fuel imports saw a significant 97% surge in March, even as local supply from the Dangote refinery increased, highlighting complex dynamics in the country's fuel market.

Nigeria's Dangote refinery is increasing its exports to help alleviate Africa's fuel supply crunch, marking a significant step in regional energy independence.

Nigeria's NNPC has announced plans to increase crude oil allocation to the Dangote Refinery to seven cargoes in May 2026, up from the current five. This move is intended to support the refinery's operational capacity.

The Ghanaian government has stated that ongoing discussions with the Dangote Refinery for fuel supply have not yet reached the implementation stage, with no specific timeline announced.

Nigeria, an oil-producing nation, is experiencing record-high gasoline prices, as the Dangote Petroleum Refinery's maximum output has failed to insulate the country from the energy market impacts of the Middle East war.

The Dangote refinery is receiving only five of an expected 15 monthly crude cargoes, forcing the facility to purchase oil from international markets, according to CEO David Bird.

Nigeria faces another petrol price hike as the Dangote refinery raises its ex-depot price for the fifth time, pushing pump prices to N1,332 per litre. Read More:…

The Dangote Petroleum Refinery in Nigeria has announced a new hike in its ex-depot rate for petrol, raising it to N1,245 per litre, citing global geopolitical tensions as the reason.

Amid an oil crisis potentially triggered by the war in Iran, the Dangote Refinery's operational status and its potential to mitigate Nigeria's fuel challenges are being critically examined.

The Dangote refinery is playing a crucial role in ensuring a consistent local oil supply for Nigeria, contributing to the nation's energy independence. Seneweb further emphasizes that the refinery is actively ensuring local oil supply for Nigeria.

The refinery has also temporarily suspended loading operations to reconcile stock levels and align with the updated pricing framework, further disrupting supply activities at the depot level. The post Dangote Refinery hikes petrol price to N1,175 per litre as crude oil surges to $100 appeared first on Vanguard News.

Experts raise alarms over monopoly risks as the Dangote refinery dominates Nigeria’s N14.4tn petrol market, urging price regulation and competition. Read More: https://punchng.com/monopoly-fears-rise-as-dangote-controls-n14-4tn-petrol-market/

The management of Dangote Petroleum Refinery has said the latest price reduction was to reduce the sufferings of Nigerians. The post Price reduction to ease burden on consumers — Dangote Refinery…

Dangote Refinery hikes petrol price to N1,175 per litre, the third increase in a week.

The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude oil prices and supply disruptions linked to geopolitical tensions in the Middle East. The post Dangote Refinery explains N100 petrol price increase amid crude price surge appeared first on Premium Times Nigeria.

Escalating hostilities between the United States, Israel, and Iran have disrupted global oil flows and pushed crude prices to a seven-month high.  The post Uncertainty looms as fuel price increases…

Dangote Petroleum Refinery announced plans to expand beyond crude processing into a fully integrated industrial hub, unveiling five major projects including a surfactant plant to transform Africa’s manufacturing landscape.

The Africa Finance Corporation (AFC) is leading a $2.5 billion private placement investment in Dangote Refinery, continuing its long-term partnership with Dangote Group and commitment to African industrial projects.

Dangote Refinery has expressed concern that International Oil Companies (IOCs) are selling Nigerian crude oil to third parties instead of making it available and commercially viable for domestic refineries.

By Udeme Akpan Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum…

Nigeria's Dangote refinery is reportedly planning to raise $5 billion through an initial public offering (IPO) in October. The funds are intended to finance the expansion of the refinery's operations.

An analysis explores how the Dangote Refinery could become a catalytic industrial base for Nigeria, moving the country beyond its traditional role as a crude oil exporter.

The Federal Government of Nigeria has hailed the Dangote Petroleum Refinery and Petrochemicals as a cornerstone of the nation's $1 trillion economy vision and a symbol of its industrial renaissance, with Dangote emphasizing manufacturing as the fastest route to jobs and prosperity.

The grand plan for Lamu Port, particularly the proposed Sh2.2 trillion Dangote refinery, is facing significant opposition from local residents and activists who claim they were bypassed and uninformed about the project.

Dangote Refinery has resumed loading petrol in Naira, setting the price at N1,215 per litre, which represents a N140 increase. This marks the resumption of local currency sales for petrol from the refinery.

Nigeria's NNPC has confirmed that all oil cargoes designated for the naira-for-crude deal were supplied to the Dangote Refinery, addressing claims of shortfalls.

Petrol prices in Nigeria have surged to N1,230 per litre, driven by Dangote Refinery’s dollar sales and global crude oil price increases influenced by the Iran crisis.

S&P Global reports that the Dangote Petroleum Refinery & Petrochemicals is protecting the Nigerian market from external price shocks by maintaining stable domestic fuel prices. This competitive pricing helps consumers avoid import-driven increases, as the cost of transporting clean petroleum products from Northwest Europe to West Africa has risen.

Independent marketers and experts have rejected Dangote Refinery’s proposal to price fuel in dollars, warning that it could exacerbate forex pressure and destabilize Nigeria's economy.

Tanzania's wealthiest individual has committed $100 million towards the Dangote Refinery project, marking a significant investment.

President Ruto has announced the official launch date for the Dangote refinery, a significant investment project valued at Sh280 trillion, to be located in Lamu County.

Nigeria's Dangote Refinery imported 2 million barrels of Libyan crude oil in May 2026, a historic first amid domestic supply shortages.

Dangote Refinery has lowered its petrol gantry price by N50 per litre to N1,125, offering relief to consumers as global crude oil prices continue to decline.

The Dangote Refinery has issued a statement refuting what it calls 'baseless allegations' regarding the export and subsequent re-importation of petrol.

Nigeria's Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, stating no application for such an offer has been made.

Dangote refinery has announced a reduction in the price of jet fuel to N1,450 per litre, following a previous cut in petrol prices.

Nigerian fuel marketers are importing refined petroleum products from the Dangote Refinery through the Lome offshore hub, highlighting existing pricing disparities in the region.

Dangote Petroleum Refinery & Petrochemicals has reiterated its commitment to fostering the next generation of African engineers and industrial leaders, demonstrated by hosting students from the Federal University of Technology, Owerri.

Petrol prices in Nigeria could potentially drop to N1,200 per liter due to ongoing price cuts, despite the influence of the Dangote Refinery on fuel costs.

The Dangote Refinery has significantly cut West Africa’s fuel import volumes by 23%, leading to a reshaping of regional shipping and trade patterns. This development marks a major shift in the region's energy landscape.

Nigeria's Dangote Petroleum Refinery is reportedly seeking to raise approximately $1 billion through a private placement, which would value the company at around $39.1 billion, in preparation for a planned listing.

The Nigerian Exchange (NGX) is promoting the upcoming Dangote Refinery Initial Public Offering (IPO) as a significant investment opportunity not just for Nigerians, but for investors across the African continent.

The CEO of Nigeria's Dangote oil refinery, David Bird, announced that the 650,000-barrel-per-day facility has a significant surplus of jet fuel and is capable of supplying the product worldwide.

Some Nigerian filling stations are now selling petrol for less than N1,300 per litre, a drop attributed to a recent price reduction by the Dangote Refinery.

The Dangote Refinery has announced a reduction in its petrol gantry price from N1,275 to N1,250 per litre. This marks a further decrease in the cost of petrol from the refinery.

The Dangote Refinery is projected to save Nigeria N15 trillion in import costs and generate $11 billion in foreign exchange, significantly reducing pressure on the country's forex reserves.

Femi Otedola is set to invest $100 million in the Dangote Refinery, further strengthening his long-standing business and personal relationship with Aliko Dangote.

The Dangote refinery has been credited with powering Nigeria to its first credit upgrade in 14 years, signaling a positive economic impact for the nation.

Nigerian billionaire Femi Otedola has reportedly staked $100 million in the Dangote Refinery, as investor demand for the project has exceeded $2 billion.

South African investors are reportedly expressing interest in acquiring stakes in Nigeria's Dangote refinery. This potential investment highlights growing cross-border business interest in the massive industrial complex.

Dangote Petroleum Refinery and Petrochemicals Limited has clarified that its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, remains unchanged, dismissing earlier speculation of an increase.

Femi Otedola has publicly debunked rumors suggesting his involvement in funding the Dangote Refinery project.

The Dangote refinery has significantly reduced fuel imports and conserved foreign exchange, prompting a discussion on the lessons Kenya could learn from its success.

The CEO of Dangote Refinery advocates for the closure of older, inefficient refineries to promote modern systems, enhance energy efficiency, and benefit the environment.

An analysis of Nigeria’s economic policy, its resistance to IMF and World Bank loans, and the strategic importance of the Dangote Refinery for growth. Read More:…

The Dangote Refinery has been recognized for its crucial role in stabilizing Africa's energy sector. It is described as an essential 'energy shock absorber and lifeline' for the continent.

Nigeria's Dangote oil refinery has partnered with Honeywell to utilize its technology, aiming to increase the production of petrochemicals used in plastics and detergents.

Nigeria, a major oil producer, has imported 61.7 million barrels of US crude oil since 2024 to supply its Dangote refinery, highlighting a paradox in its energy sector.

Nigerian soldiers have arrested 15 suspected oil thieves near the Dangote Refinery's discharge point. The arrests are part of ongoing efforts to combat illegal oil bunkering in the region.

Nigeria, Africa's largest oil producer, has become a net exporter of refined petroleum products, a historic shift driven by the operations of the Dangote Refinery.

Nigeria's Dangote refinery, Africa's largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko ​Dangote said on Monday.

Despite a local naira-for-crude arrangement, Dangote Petroleum Refinery has announced plans to import 13.62 million barrels of crude oil.

The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals, reinforcing the project's financial position and demonstrating strong investor confidence.

Nigeria has increased its allocation of crude oil cargoes to the Dangote refinery for the month of May, boosting the facility's supply.

The Dangote Refinery has announced a reduction in its petrol gantry price to N1,200, as disclosed in a statement shared on Thursday night.

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, disclosed that the 650,000 barrels-per-day refinery currently receives only about five crude oil cargoes per month, significantly below its designed supply capacity.

Nigerian households are facing increased cooking gas prices, reaching N1,000/kg, after the Dangote refinery adjusted its prices amidst rising logistics costs.

Nigeria's Dangote refinery could increase jet fuel exports to Europe, as disruptions in the Middle East, including the effective closure of the Strait of Hormuz, have cut off a significant portion of global seaborne supplies.

South Africa and other African nations seek a fuel deal with the Dangote refinery to secure supplies amid disruptions from the global energy crisis. Read More:…

Nigeria has paused issuing petrol import licences due to the new Dangote Refinery. But with high costs, will this move affect Nigeria petrol prices? Read More: https://punchng.com/so-this-happened-ep-381-nigeria-pauses-petrol-import-licences-as-dangote-refinery-boosts-supply/

By Theodore Opara The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to prioritise the direct supply of crude oil to domestic refineries, particularly the Dangote Refinery, as part of urgent measures to mitigate the rising cost of petrol linked to the ongoing crisis in the Middle East. The association made […] The post NAJA appeals to FG to guarantee crude oil supply to local Refineries to curb rising fuel prices appeared first on Vanguard News.

Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.

Many transporters and commuters have lamented their ordeals, and called on the Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to intervene and compel oil marketers to adjust pump…

The Centre for the Promotion of Private Enterprise (CPPE) states that local refining alone cannot prevent fuel price volatility in Nigeria, as global oil markets continue to dictate costs.

By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals has indicated its commitment to stabilising energy supply to Nigeria amid recent shocks in the international oil market.  The ongoing…

Investors are debating which assets, such as dollar, bonds, or gold, offer the safest haven during the ongoing Middle East conflict, as traditional refuges show unpredictable behavior.

The Dangote petrol price has increased from N774 to N875/litre. Discover the reasons behind the hike, linked to global crude oil price volatility. Read More: https://punchng.com/breaking-dangote-refinery-raises-petrol-price-to-n875/

By Udeme Akpan, Energy Editor Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), also known as petrol, to major marketers and depot owners under a revised distribution framework endorsed by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The move represents a significant shift from the previous arrangement in which products were […] The post Dangote Refinery targets depot owners, major marketers in new marketing model appeared first on Vanguard...

West African energy regulators are advancing plans for a regional fuel pricing benchmark and trading hub, driven by new refining capacity, particularly Nigeria's Dangote refinery.

Nigeria’s Minister of State for Petroleum Resources has urged more local and international investors to boost the country’s refining capacity, stating that the Dangote refinery alone is not sufficient.

Dangote Refinery has once again surpassed the US to become Europe's leading supplier of JetA1 fuel, solidifying its growing presence in the international refined petroleum market.

The Dangote refinery is preparing for what is expected to be Africa's largest Initial Public Offering (IPO), with an ambitious goal to raise Sh646 billion. Stock exchanges across several African nations have held meetings regarding the listing.

Lamu has been chosen as the site for the new Dangote refinery, outperforming seven other shortlisted locations including Mombasa, Malindi, and Tanga.

Nigerians are anticipating increased economic hardship and inflation as the Dangote Refinery begins pricing petrol in dollars, a move expected to further impact the local economy.

The policy of dollarizing fuel by the Dangote Refinery is imposing a significant financial burden on Nigerians, with implications for prices and the broader economy.

The Dangote Petroleum Refinery has significantly ramped up exports of refined petroleum products, facing challenges from inadequate domestic crude oil supply and persistent foreign exchange constraints that hamper its operations.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has temporarily suspended the loading of petrol from the Dangote Refinery due to growing uncertainty over pricing.

Dangote Refinery has secured $2.5 billion in private placement funding and is preparing for what could be Africa’s largest initial public offering as early as August.

Nigeria’s petroleum regulator has confirmed that Dangote Refinery is permitted to sell fuel in dollars, citing provisions within the Petroleum Industry Act for cost recovery.

The Dangote Refinery has reportedly started selling petrol in US dollars, setting the price at $0.779 per litre. This move signifies a shift away from naira-denominated transactions for petrol sales.

Residents of Lamu, Kenya, express caution and wariness as the Dangote Group announces plans to finance a proposed 700,000-barrel-per-day oil refinery in the region, recalling past unfulfilled promises.

Dangote Refinery has commenced free petrol delivery services to Abuja, Lagos, and five other Nigerian states for bulk purchases, while maintaining its N1,075/litre ex-depot price.

Nigerians are facing petrol prices above N1,000 per litre as Dangote Refinery and importers are reportedly in a dispute over pricing, contributing to sustained high fuel costs.

Dangote Refinery expands its crude sources, importing its first UAE crude cargoes amid domestic supply challenges.

Nigeria's Securities and Exchange Commission has ordered an immediate stop to the marketing activities for a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE.

Nigeria’s domestic crude supply to refineries fell in May 2026, raising concerns following sabotage allegations from Dangote Refinery.

Governor Abiodun of Ogun State, Nigeria, has defended himself against allegations regarding the relocation of the Dangote Refinery, stating the decision was made before his tenure. He also reaffirmed his commitment to the Ogun Deep Sea Port project.

The Dangote Refinery has announced a significant reduction of N100 in the gantry prices for both diesel and jet fuel, impacting the market and consumers.

Three security operatives were killed in an attack on the National Institute for Policy and Strategic Studies (NIPSS), as reported in a news recap.

The Dangote refinery in Nigeria has increased its intake of Nigerian crude oil. This move comes as overseas buyers are reportedly pulling back from purchasing crude, impacting global oil markets.

Dangote Refinery’s petrol production capacity has been cut by 34% due to feedstock and technical issues.

The new Dangote refinery project is being emphasized as an urgent national imperative for Nigeria, highlighting its crucial role in the country's economic and energy landscape.

Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit, PMS, popularly known as petrol, and Automotive Gas Oil, AGO, also known as…

The Dangote refinery has achieved the status of becoming the world's largest exporter of aviation fuel.

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has linked the recent reduction in diesel prices by Dangote Refinery to increased competition within Nigeria's downstream petroleum sector, which is expected to benefit consumers.

Billionaire tycoon Femi Otedola stated that the proceeds from the sale of his Geregu Power Plant stake were invested in Dangote Refinery ahead of its planned public offering.

The Nigerian National Petroleum Company (NNPC) has accused Dangote Refinery of attempting to establish a fuel monopoly. This accusation was made in a court filing by the NNPC.

Femi Otedola has divested his stake in Geregu Power, announcing his intention to invest in the upcoming Dangote Refinery IPO. He described the refinery project as transformative for Africa’s economy.

Dangote Refinery cuts aviation fuel price to N1,650 per litre  The Guardian Nigeria News

The Dangote refinery in Nigeria serves as an example of Africa's potential for transformative industrialization, with the African Continental Free Trade Area (AfCFTA) aiming to replicate such successes across the continent to bolster economic resilience against global shocks.

Aliko Dangote's petroleum refinery is targeting a $50 billion valuation before its planned stock market listing on multiple African exchanges later this year.

Dangote Refinery has commenced direct delivery of jet fuel to international customers, including Ethiopian Airlines, exporting its surplus to African and global markets.

The Managing Director of Dangote Refinery has highlighted the significant true cost of solar power, emphasizing expenses for backup systems, reliability, and full life cycle management.

The Dangote refinery is now operating at full capacity, a development that has transformed Nigeria into a net exporter of fuel.

NNPC crude supply to the Dangote refinery topped 1 million metric tonnes in April, with eight major shipments bolstering Nigeria’s domestic refining capacity.

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate domestic feedstock supply.

Dangote Industries will feature its flagship Dangote Refinery at the 2026 Nasarawa Trade Fair, highlighting its Vision 2030 for industrialisation. Read More:…

Dangote Petroleum Refinery & Petrochemicals has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market.

Nigeria's Dangote refinery is increasing its export capacity to help alleviate the ongoing fuel supply shortages across the African continent.

NNPC Limited had planned to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026; however, officials at Dangote Refinery are disputing these reports, stating their actual allocation from NNPC is lower.

The Nigerian National Petroleum Company (NNPC) is increasing its allocation of crude cargoes to the Dangote oil refinery for May, providing seven cargoes compared to five in previous months, amidst rising fuel prices.

The Dangote refinery in Nigeria is now ensuring a consistent local supply of oil, marking a significant development for the nation's energy independence.

Despite domestic refining capacity, Dangote Refinery indicates that global factors are affecting the expected cushioning effect of its operations, contributing to the persistently high retail petrol prices across Nigeria.

Dangote Refinery has exported 456,000 tonnes of refined petroleum products to five African nations, significantly bolstering regional energy security and reshaping Africa’s fuel supply chain.

Amid Middle East disruptions, African nations like South Africa are looking to the Dangote refinery for fuel supply, prioritizing energy security. Read More:…

Nigeria's CBN reports Dangote refinery imported $3.74bn crude in 2025, reshaping the country’s oil trade. Concurrently, NNPC is boosting crude oil supply to the refinery to stabilize fuel availability amid global price surges.

Nigeria: Dangote refinery ensures local oil supply

The Muslim Rights Concern (MURIC) has urged the Nigerian government to ensure a 100% crude supply to the Dangote Refinery to boost local production and achieve energy self-sustainability for the nation.

Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war]  Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.

The Dangote refinery now supplies 92% of Nigeria's petrol, leading the federal government to halt fuel imports and significantly impact domestic supply dynamics.

The CEO of Dangote Refinery has announced that the facility will prioritize supplying fuel to Nigeria, aiming to meet domestic demand before exporting.

The Dangote Petroleum Refinery has increased its petrol gantry price to N995/litre, a significant rise attributed to volatile global crude oil prices.

Fears of a US-Iran war trigger a UK fuel crisis with long queues and price hikes, while Nigeria remains stable thanks to its Dangote refinery. Read More: https://punchng.com/us-iran-war-britain-battles-fuel-crisis-as-nigeria-banks-on-dangote/

The House of Representatives affirms that NNPC’s 7.25% equity stake in the Dangote Refinery is vital for securing Nigeria’s national interest. Read More: https://punchng.com/nnpcs-stake-in-dangote-refinery-secures-national-interest-reps/