Filling stations across Lagos, Ogun and other parts of Nigeria have increased the pump price of Premium Motor Spirit (PMS), popularly called petrol, to ₦900 per litre and above, despite …
Dangote Refinery
-
-
EconomyEnergyMarketsOil & GasPoliciesPublic SectorTransportation
NNPC Reduces Petrol Price to N900 Just 48 Hours After Hike
Barely two days after increasing the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Company Limited (NNPC Ltd.) has again slashed the price at its retail stations, …
-
BusinessCapital MarketEconomyFinance & ServicesManufacturingOil & Gas
Aliko Dangote’s Wealth Hits $29.3bn, Now 72nd Richest Person Globally – Bloomberg
Africa’s richest man, Aliko Dangote, has seen his personal fortune grow to $29.3 billion as of August 5, 2025, according to the Bloomberg Billionaires Index. This latest ranking places him …
-
BankingEconomyEnergyFinance & ServicesInfrastructureNigeriaOil & GasTrade and Commerce
Afreximbank Grants $1.35bn Loan to Dangote Industries to Boost Refinery Operations
The African Export-Import Bank (Afreximbank) has given a major financial boost to Dangote Industries Limited (DIL) by approving a $1.35 billion loan facility to support its massive refinery project. This …
-
BusinessDevelopmentEconomyInfrastructureMarketsReal Estate
Nigeria’s Commercial Property Market Faces Dollar Shock
The commercial real estate market in Nigeria is witnessing mixed developments, as the cost of renting office spaces skyrockets due to naira devaluation, while industrial real estate is enjoying renewed …
-
BusinessEconomyInfrastructureNewsNigeriaOil & GasTrade and Commerce
Dangote Blames Oil Firms as Refinery Imports Crude from Abroad
Africa’s richest man, Aliko Dangote, has revealed that his refinery currently imports between 9 and 10 million barrels of crude oil every month from the United States and other countries …
-
BusinessEconomyEnergyMarketsOil & GasPolitics
Tinubu Meets Dangote at State House, Restates Support for African-Led Energy Market
President Bola Ahmed Tinubu on Tuesday evening received billionaire industrialist and Chairman of Dangote Group, Alhaji Aliko Dangote, at the Presidential Villa in Abuja for a private meeting, underscoring the …
-
BusinessDangote IndustriesEnergyOil & GasTrade and CommerceWestern Africa
Dangote Cries Out Over Crude Scarcity
President of Dangote Group, Aliko Dangote, has raised alarm over challenges facing his $20 billion Dangote Refinery, including difficulty accessing crude oil from Nigerian producers, leading the facility to import …
-
BusinessDangote IndustriesEconomyEnergyLabourOil & Gas
NOGASA Threatens to Halt Operations Over Dangote Refinery’s Direct Distribution Plan
The Natural Oil & Gas Suppliers Association of Nigeria (NOGASA) has threatened to suspend its operations if Dangote Refinery proceeds with its planned direct distribution of petroleum products to end …
-
BusinessDevelopmentEconomyINVESTMENTLeadershipNigeriaOil & Gas
Dangote Urges Wealthy Nigerians to Invest Locally, Says Economic Growth Depends on Domestic Investment
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, has called on wealthy Nigerians and African entrepreneurs to invest within their countries, stressing that it remains the only …