…pump prices while Nigerian businesses look for relief from lower local supply costs.Dangote Refinery offers Nigerians relief as diesel hits its highest rates in the UK. ImagesBritain’s average diesel price reached 200.01 pence on Friday, October 2, according to RAC data, up from 199.79p on Thursday, the Financial Times…

Dangote Refinery’s growing market share is intensifying competition and pushing Nigerian depot suppliers to offer deeper discountsWeak purchasing power and slower orders squeeze marketers’ cash flow, even as wholesale petrol prices fallCrude price swings, inventory costs and aggressive bargaining complicate pricing, an…

…Aliko Dangote Foundation launched a Student Share Grant Initiative tied to the ongoing Dangote Refinery IPONigerian students aged 18 and above must subscribe to at least 10 shares through a dedicated portal to qualify for the grantThe Dangote Refinery IPO is priced at N525 per share, with subscriptions open until Octob…

…in May 2026, from 997,000 barrels per day in April to 765,000 b/d, as the ramp-up of the Dangote refinery reduced the region’s import requirement.Dangote has also increased supplies to markets including Ghana, Togo and Côte d’Ivoire, replacing some longer-haul import flows with shorter regional voyages.Clark said the d…

…pushed back on the ruling, raising concerns about product quality and the role of the Dangote Refinery in domestic supplyPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, wit…

…petrol by ₦25 to ₦1,370 per litre, saving motorists ₦1,250 on a 50-litre purchaseDangote refinery’s ₦25-per-litre gantry price reduction is beginning to reach retail pumpsPetrol still costs up to ₦1,450 across Abuja as motorists await possible price cuts from NNPC and other marketersPAY ATTENTION: Find it f…

…itself as a regional refining hub. Dangote, represented by the Chief Economist of Dangote Refinery, Dr. Hassan Mahmood, at the 3rd Nigeria Oil Refining Summit, NORS 2026, in Lagos, said the company’s 650,000 barrels-per-day refinery in Nigeria had been scaled up to 700,000 bpd. He said another Dangote refinery outside…

…billion increase recorded in 2026 has been driven largely by the performance of the Dangote Refinery in Lagos and Dangote Cement, both of which have gained considerably this year.

Dangote Refinery-backed MRS filling stations have reduced their petrol pump price. A market survey by DAILY POST on Monday showed that MRS filling stations in Abuja had adjusted their petrol pump price to N1,370 per litre from N1,395 per litre. This represents a reduction of N25 per litre. The new price has been implem…

…from N1,352 to N1,332.The average Lagos PMS price settled at N1,327.50, just N2.50 above Dangote Refinery's revised gantry price of N1,325 per litre.Diesel prices recorded larger dropsThe diesel market saw even steeper reductions.Eterna cut its Automotive Gas Oil (AGO) price by N100 per litre, from N1,950 to N1,850, wh…

…continued fuel import licensing for three marketers, a development that runs counter to Dangote Refinery’s campaign to restrict imports. PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!However, the reported judgment arose from the marketers’ case against NMDPRA, rather than a ruling dis…

…barrels of crude oil daily in August 2026, up 16.75% from 585,000 barrels per day in JulyDangote Refinery’s petrol supply rose by 39% to 35.9 million litres daily, while Nigeria’s petrol imports fell by 26% to 14.6 million litres per dayThe refinery recorded 105.21% average capacity utilisation and produced petrol, die…

…imports declined by 26 per cent from 19.7ml/d to 14.6ml/d. The data disclosed that the Dangote Refinery recorded an average capacity utilisation of 105.21 percent during the month. The refinery produced 41.94ml/d of Premium Motor Spirit (PMS), 18.01ml/d of Automotive Gas Oil (AGO) and 24.48ml/d of aviation fuel (ATK).…

…2000s as a leading beneficiary of the government’s privatisation programme. With his Dangote Refinery and other business in the Group, he is now effectively not just a producer of things himself, but a builder of big businesses from scratch. According to reports, Dangote was worth $3.3 billion when he first appeared on…

…security, industrial development and regional integration. The post President Ruto hails Dangote Refinery as a “Masterpiece” as Dangote Group accelerates African expansion, targets $36bn revenue appeared first on Vanguard News.

Dangote Refinery raised its gantry price from N1,265 to N1,350 per litre, triggering pump price increases across major Nigerian citiesNNPCL outlets in Lagos now sell petrol at N1,380 per litre, while Abeokuta records a lower price of N1,307 at NNPCL stationsEconomists and labour leaders are warning that the latest petr…

…Ukadike, said marketers reviewed their pump prices following a series of adjustments by Dangote refinery. Ukadike said the frequent price changes were creating uncertainty for both marketers and consumers, as the cost of replacing products could change. https://dailytrust.com/breaking-petrol-hits-n1430-in-abuja-as-stra…

…moves towards becoming a publicly traded company. Located in Ibeju-Lekki, Lagos, the Dangote refinery currently has a capacity of 700,000 barrels per day. The facility is also undergoing an expansion expected to increase its capacity to 1.4 million barrels per day. “The refinery is supported by extensive world-class in…

…the new prices, according to Petroleumprice.ng. Earlier, DAILY POST reported that Dangote Refinery had increased its gantry diesel price by N100 to N1,850 per litre as crude oil prices topped $95 per barrel. However, Brent crude and West Texas Intermediate, WTI prices had cooled slightly $94.74 and $90.34 per barrel, r…

…per litre, figures that are now broadly level with or above what most depots and the Dangote Refinery are currently charging.MEMAN data shows Nigeria’s petrol landing cost Photo: BloombergImagesDepot and Refinery Prices Still Below Landing CostDespite the higher import benchmark, PMS continues to trade below the landin…

…after US strikes on Iranian targets near the Strait of Hormuz rattled global oil marketsDangote Refinery raised its petrol gantry price three times in nine days, bringing the cumulative increase to N100 per litreNNPCL is now selling petrol at N1,299 per litre in Lagos and up to N1,345 per litre in parts of Abuja as who…

…Nigeria, IPMAN, has appealed to the Federal Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices. The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday. His appeal comes as fuel prices rose significantly to between N1,31…

…to N1,290, while Sobaz increased its price by N80/litre to N1,285. In Lagos, the Dangote Refinery increased its petrol price by N66/litre, from N1,200 to N1,266/litre. Pinnacle also moved from N1,201 to N1,266, while African Terminal and Integrated increased their prices by N67/litre to N1,268. The increases were more…

…filling stations in Abuja and its environs. The latest price hike in Nigeria comes after Dangote Refinery raised its gantry price by N65 per litre. Fuel price: Brent, WTI global crude prices jump to $95, $90 per barrel as US-Iran conflict escalates

…momentum. The Nigeria Labour Congress has rejected the latest petrol price hike by the Dangote Refinery, describing it as avoidable and demanding that more Nigerian crude be supplied to domestic refineries. Gunmen have killed two people and abducted the All Progressives Congress Chairman of Rogo Local Government Area i…