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…
…on transporters, commuters, households and businesses. Another headline features the Dangote Petroleum Refinery opening its landmark N2.15 trillion initial public offer (IPO) today. Vanguard also reports that as primary and secondary schools reopen across the country today, parents and guardians will contend with payin…
…is the pathway to making the reform economically sustainable and socially defensible."Dangote raises petrol price 3 times in 9 daysEarlier, Legit.ng reported that Dangote Petroleum Refinery raised its Premium Motor Spirit gantry price by N65 on August 29, bringing the figure to N1,265 per litre and marking the third up…
…(PMS), popularly known as petrol. The latest adjustment followed an N85 increase in Dangote Petroleum Refinery’s gantry price, from N1,265 to N1,350 per litre, amid a surge in global crude oil prices.[/i This represents a 6.7 per cent increase and takes the refinery’s wholesale price above the current petrol landing co…
The Securities and Exchange Commission has approved the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at ₦525 each. The offer could raise approximately ₦2.15tn if fully subscribed, according to a statement issued by the Dangote Gr…
…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…
The naira gained ground against the pound, dollar and euro in the official FX market on Wednesday, September 2, 2026Bloomberg-cited analysts project the naira could achieve its strongest annual performance since 2018Nigeria's external reserves climbed to $53.9 billion, their highest level in 18 yearsPAY ATTENTION: Mark…
…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…
…“What makes them illegal? It is not only when you build gigantic refineries like Dangote’s that you can refine crude. Those now agitating for the return of subsidy are the same individuals who campaigned for its removal,” he added. Reiterating his stance on national unity and political equity, Ndu urged major political…
Cooking gas prices are swinging nationwide, with prices fluctuating in several parts of the country despite improved suppliesWhile some dealers have reduced cooking gas prices by as much as 39%, depot prices are rising in Lagos and other parts of the countryChecks show that cooking gas prices fell from a high of N2,000…
The Dangote Petroleum Refinery and Petrochemicals has said it is considering restricting the sale of Premium Motor Spirit, PMS to major marketers that continue to import petrol into Nigeria, amid concerns over product quality, market transparency and the integrity of products supplied under the Dangote brand. The propo…
…Basket rose 1.06% to $87.31, and the Indian Basket gained 1.53% to $89.52 per barrel.Dangote Refinery opens petrol sales to all marketersEarlier, Legit.ng reported that Dangote Refinery has raised the pump-out price of petrol to N1,265 per litre, up from the previous gantry rate of N1,200, with the change taking effect…
…Matrix at N1,217, Sigmund at N1,215 and T.S.L at N1,215 per litre. In Lagos, Aiteo and Dangote depots were both listed at N1,200 per litre. The figures indicate that domestic petrol prices are no longer moving in lockstep with international crude oil prices, with other cost factors increasingly determining the price of…
…the petrol subsidy removal and the controversial $16bn power projects. Also in focus are Dangote Refinery’s threat to export petrol amid rising imports, INEC’s preparations for the 2027 polls, the EFCC’s move to reward information leading to the recovery of stolen assets abroad and the Federal Government’s decision to…
…returning to subsidies, Sani called for investment in domestic refining, pointing to the Dangote Refinery as evidence that local refining was achievable. He urged the government to fix Nigeria's public refineries and stop importing finished petroleum products altogether.He also called on the Federal Government to give…
…as a failure to provide sufficient crude to domestic refineries, particularly the Dangote Refinery, while Nigeria continued to export crude. “You are exporting our crude oil to foreign countries, and Dangote is labouring to import crude oil into Nigeria,” he said. Okonkwo said the proposed intervention should not be co…
…in Nigeria, including Abuja and Lagos. However, increased imports of LPG since June and Dangote Refinery’s price reduction have caused cooking gas prices to drop significantly over the last two months. A market survey by DAILY POST showed that Dangote Refinery and depot owners such as NavGas, 11 PLC (formerly Mobil) an…
…rising by N33 per litre, while Port Harcourt and Lagos also recorded notable increasesDangote Refinery also raised its petrol price by N20 to N1,185 per litre and AGO by N100 to N1,670, increasing pressure on local fuel pricesPAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Victo…
Dangote Refinery's free petrol delivery initiative praised by marketers for easing operational pressuresIPMAN highlights potential for lower pump prices and improved cash flow for marketers and consumersCall for expanding delivery scheme to northern states for uniform petrol pricing across NigeriaPAY ATTENTION: Mark Le…
…suspects, including 65 packs of sweet candies, 117 packs of biscuits and 167 sachets of Dangote salt, among other assorted provisions. The suspects and recovered items have been handed over to 21 Special Anti-Banditry Mobile Police Regiment (21 SAB MOPOL) for further investigation and necessary action. The arrests form…