KEY POINTS Dangote Petroleum Refinery has reaffirmed its ability to meet and surpass Nigeria’s daily fuel consumption, announcing it can supply up to 75 million litres of Premium Motor Spirit …
Dangote refinery
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In the NewsMarketsOil & Gas
Marketers Warn Petrol May Hit N1,000 per Litre as Global Crude Prices Surge
KEY POINTS International oil benchmarks surged past $70 per barrel this week, with Brent crude reaching $70.71 and US West Texas Intermediate hitting $65.42. By Friday, prices climbed further to …
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KEY POINTS Petroleum marketers, industry experts, and unions in Nigeria’s downstream sector have raised concerns over what they describe as persistent price instability and uncertainty in the supply, distribution, and …
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KEY POINTS Nigeria’s energy conversation has long been dominated by a familiar promise from the Dangote Group: once local refining begins at scale, fuel will become cheaper, scarcity will disappear, …
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KEY POINTS The price of Premium Motor Spirit (PMS), which is also known as petrol, has gone up by ₦100 per litre across Nigeria. This is a big change in …
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In the NewsMarketsOil & Gas
Dangote Refinery IPO Could Lift Nigeria’s Stock Market Beyond $140 Billion
KEY POINTS A planned initial public offering (IPO) of Aliko Dangote’s $20 billion Dangote Petroleum Refinery could dramatically expand the size of Nigeria’s capital market, potentially pushing total stock market …
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KEY POINTS Aliko Dangote, Africa’s richest man, is seeing his huge refinery in Lagos become more important around the world as refineries close in Europe and North America. According to …
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Nigeria’s petrol supply jumped in December as Dangote Refinery raised output, improved utilisation, and supported higher fuel sufficiency nationwide
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KEY POINTS Dangote Petroleum Refinery has denied claims that a surge in petrol imports late last year followed a breakdown in supply arrangements between the refinery and petroleum marketers. The …
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In the NewsOil & Gas
Dangote Refinery Warns Petrol Prices Could Hit N1,400 if Nigeria Leans on Imports
KEY POINTS Dangote Refinery has warned that Nigeria’s fuel prices could more than double if the country keeps relying on imported petrol instead of refining it at home. This has …