Tag: Dangote Refinery
A major new energy analysis highlights Nigeria and Angola as pivotal players in Africa’s quest for greater downstream independence in the petroleum sector. With ambitious refinery expansions and infrastructure upgrades, the continent is on track to dramatically boost its refining output, reducing chronic reliance on imported fuels and capturing more value from its vast crude […]
A fresh legal showdown is intensifying in Nigeria’s downstream petroleum sector as major fuel marketers and depot owners vigorously oppose a new lawsuit by the Dangote Petroleum Refinery seeking to block import licences for petroleum products. The dispute underscores the delicate national balancing act between nurturing Africa’s largest refinery for energy independence and safeguarding supply […]
In a landmark shift for Africa’s largest oil producer, the Dangote Petroleum Refinery has become the dominant supplier of Premium Motor Spirit (PMS), commonly known as petrol, meeting approximately 92% of Nigeria’s domestic requirements as of February 2026. This development has dramatically eased long-standing pressure on fuel imports, marking a historic turning point in the […]
The Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management, and First Capital Limited as lead issuing houses and financial advisers for the planned listing of its Dangote Petroleum Refinery & Petrochemicals business on the Nigerian Exchange (NGX). The refinery’s planned public offering — which could involve floating 5–10% of the business at a […]
Dangote Petroleum Refinery has pledged to deliver 1.5 billion litres of Premium Motor Spirit (PMS) to the Nigerian market in both December 2025 and January 2026, with supplies increasing to 1.7 billion litres in February 2026. The initiative, equivalent to 50 million litres per day starting 1 December 2025 (rising to approximately 60 million litres […]
Dangote Refinery has clarified that the recent decline in petrol pump prices was solely a result of its decision to reduce ex-depot prices on November 6, rather than the temporary suspension of the 15 per cent import tariff. In a statement released on Monday, the company explained, “Dangote Petroleum Refinery clarifies that the recent reduction […]
As the sun rises over Lagos on this crisp Sunday morning, the energy sector’s most gripping drama continues to unfold: the escalating battle between Aliko Dangote’s Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). What began as a shocking mass layoff of all Nigerian workers on September 26, 2025—less […]
Femi Otedola Hails Dangote Refinery Revolution, Calls Out Outdated DAPPMAN Model in Explosive X Post **Lagos, Nigeria – September 22, 2025, 10:45 AM UTC** – Billionaire businessman and industrialist Femi Otedola has ignited a firestorm in Nigeria’s energy sector with a detailed and provocative post on X, celebrating the transformative impact of Aliko Dangote’s refinery […]