The average pump price of Premium Motor Spirit (PMS), also known as petrol, jumped by 76.73 per cent year-on-year in April 2025, reaching N1,239.33 per litre, according to data released …
Dangote Refinery
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Dangote Picks Nigeria Over Global Tech Giants, Builds $19 Billion Refinery to Boost Economy
Aliko Dangote, Africa’s richest man and chairman of the Dangote Group, has been praised by the Nigerian government for prioritising national development over foreign wealth opportunities. At a time when …
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AfricaAFRICA NEWSBusinessBusiness InsightsCentral AfricaDangote IndustriesEconomyManufacturingNigeriaSouthern AfricaTrade and CommerceWestern Africa
Dangote Partners Vinmar to Export Polypropylene from Lagos Plant
Dangote Petroleum Refinery and Petrochemicals has entered into a new partnership with Vinmar Group, a global petrochemicals distribution company, to take Dangote’s polypropylene products to international markets. This move comes …
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DAPPMAN Says Dangote Refinery is Only Viable Option for Petrol Supply
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has said its members can only rely on the Dangote Petroleum Refinery for Premium Motor Spirit (PMS), also known as …
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Modular Refiners Kick Against Exclusion from FG’s Naira-for-Crude Deal Talks
The Crude Oil Refiners Association of Nigeria (CORAN) has raised alarm over what it called the continued exclusion of modular and smaller local refineries from the Federal Government’s ongoing discussions …
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BusinessBusiness InsightsDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & Gas
Dangote Refinery Slashes Petrol Price to N825, Spurs Fierce Competition in Downstream Market
The Dangote Petroleum Refinery has quietly reduced the ex-depot price of petrol to N825 per litre, intensifying the price war with fuel importers and private depot owners in Nigeria’s deregulated …
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Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …
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Dangote Vows to Keep Fighting for $20bn Refinery Amid Alleged Sabotage
President of Dangote Group, Alhaji Aliko Dangote, has said he is still fighting for the survival of his $20 billion refinery in Lekki, Lagos State. Dangote, Africa’s richest man, revealed …
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Petrol Landing Cost Hits N870 as Dangote Refinery Price Pressures Fuel Importers
The landing cost of Premium Motor Spirit, popularly known as petrol, has now risen to an average of N870 per litre, according to data from the Major Energies Marketers Association …
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Afreximbank Launches $3bn Credit Line to Support Fuel Imports Across Africa, Caribbean
The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help buyers across Nigeria, Africa, and the Caribbean access refined petroleum products from within the continent. …