First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
dangote refinery
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, on Wednesday, 20 May, 2026 hosted Chairman of First HoldCo Group, Olufemi Otedola, alongside senior executives, at the Dangote Petroleum Refinery & Petrochemicals. More than a visit, the engagement reflects the growing alignment between Africa’s industrial and financial leadership around a...
Dangote Petroleum Refinery has announced a reduction in the price of aviation fuel, popularly known as Jet A1, from ₦1,750 to ₦1,650 per litre in a move aimed at easing financial pressure on airline operators across Nigeria. The company disclosed this in a statement issued by its media team...
National Pension Commission (NPC) has granted Pension Fund Administrators a one-off waiver to invest contributors’ funds in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals (FZE). The approval, issued in a circular to Pfas, temporarily removes requirements under Section 6.2.7.1 (iii) of the Revised Regulation on...
President of the Dangote Group, Aliko Dangote, has disclosed that the company rejected attempts by the Nigerian National Petroleum Company Limited to acquire additional shares in the Dangote Petroleum Refinery, insisting that more Nigerians should have the opportunity to own part of the facility through a planned public listing....
Nigerian National Petroleum Company (NNPC) Limited has alerted the public to the circulation of misleading and false information suggesting that the Company is selling scrap materials, equipment, or components from its refineries to individuals and private companies. A statement issued on Friday in Abuja by the Chief Corporate Communications...
President Bola Tinubu demonstrated foresight in July 2024, when he approved the use of the naira as the payment currency for crude oil supplied by the NNPC to the Dangote Refinery. Since the launch of the naira-for-crude initiative on October 1, 2024, Nigeria has experienced a strategic breakthrough amid...
Dangote Petroleum Refinery and Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,200 per litre, a move expected to influence fuel costs across Nigeria’s downstream petroleum sector. The development was disclosed in a statement issued on Friday by the spokesperson for...
President of the Dangote Group, Aliko Dangote, has cautioned that the ongoing conflict in the Middle East could trigger severe economic consequences for Africa, particularly through rising volatility in the global oil market. Dangote made the remarks on Monday after meeting with President Bola Ahmed Tinubu in Lagos, where...
Dangote Petroleum Refinery has announced another increase in the price of Premium Motor Spirit (PMS), raising its ex-depot rate to ₦1,245 per litre, as global oil markets react to escalating tensions in the Middle East. The latest adjustment, disclosed in a notice to fuel marketers on Friday, represents an...
Dangote Petroleum Refinery has announced a significant reduction in the prices of petrol (PMS) and diesel (automotive gas oil), effective immediately. Under the new pricing structure, the gantry price of petrol has been cut from ₦1,175 to ₦1,075 per litre, while the coastal price dropped from ₦1,150 to ₦1,028...
Dangote Refinery increases petrol price to ₦1,175/litre, diesel to ₦1,620 as global oil prices surge
Dangote Refinery increases petrol price to ₦1,175/litre, diesel to ₦1,620 as global oil prices surge
Nigeria’s largest refinery, the Dangote Petroleum Refinery, has increased the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, while the price of Automotive Gas Oil (AGO), or diesel, has been raised to ₦1,620 per litre. The new pricing, which applies to fuel...
Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to reduce the cost of crude oil supplied to the Dangote Petroleum Refinery, warning that the current pricing structure is contributing to the sharp rise in petrol prices across the country. National President of IPMAN, Abubakar...
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
NNPC Ltd, Dangote Group forge strategic alliance to accelerate Nigeria’s energy security, prosperity
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, today led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies. The visit, which...
Former Vice President Atiku Abubakar has criticised the Nigerian National Petroleum Company Limited (NNPCL) over its handling of the Port Harcourt Refinery, describing the decision to reopen the facility as a waste of scarce public resources after billions of dollars have been sunk into failed rehabilitation efforts. In a...
The Group Chief Executive Officer, NNPC Ltd, Engr. Bashir Bayo Ojulari, has disclosed that the company is currently in talks with partners with proven track record of refining and petrochemical operations in order to build sustainable, self-financing, and profitable solutions for its refineries. This was disclosed in a statement...
Vice President, Senator Kashim Shettima has advocated for homegrown solutions to Africa’s economic problems, emphasizing innovative approaches for growth, development and prosperity on the continent. He noted that it is only by building domestic productive capacity that African nations can convert their population and natural talents into real, resilient...
Federal Ministry of Solid Minerals Development has dismissed claims by the Northern Elders Forum (NEF) that the Federal Government violated the federal character principle by siting a gold refinery in Lagos. The ministry described the allegation, contained in a statement signed by NEF spokesperson, Prof. Abubakar Jiddere, as false...
Dangote Petroleum Refinery has firmly dismissed reports suggesting it is shutting down operations, describing such claims as false and misleading. In a press statement issued on Sunday, the management of the refinery clarified that production remains stable, ongoing, and completely uninterrupted, assuring Nigerians of continuous fuel supply. According to...
The member representing Askira- Uba/ Hawul Federal Constituency in Borno State, Hon. Dr Midala Balami has called for a thorough investigation over the brewing dispute between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Speaking to Journalists in Maiduguri after Tuesday plenary where the Lawmaker...