Tinubu Media Ambassadors called out Ugochinyere over his handling of the NNPCL refinery rehabilitation probeTMA president Mustapha Mohammed questioned why the lawmaker had previously backed former NNPCL chief Mele Kyari as refineries sat idleMohammed urged Ugochinyere to keep his House committee role separate from what…

…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 on Sat…

…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 halt foreig…

…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 its ongoin…

…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 confu…

…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) and Ranoil dis…

…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 Victor Eneng…

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…

…associated with inflation, energy costs and foreign exchange volatility.4. Dangote Sugar Refinery Plc — N392 billionDangote Sugar Refinery recorded N392 billion in revenue in H1 2026, ranking fourth among the top consumer goods companies.The company posted profit after tax of N41.50 billion during the period, benefitin…

…stressed the need to protect investments in domestic refineries, including the Dangote Refinery and Waltersmith refinery, while encouraging greater value addition through petrochemicals and gas processing. On the industry’s broader outlook, PENGASSAN said Nigeria’s fundamental problem was not a shortage of resources, l…

…standard cubic feet per day of domestic industrial gas supply to DFL FZE and Dangote Refinery. Seven additional commercial transactions are also reportedly in the pipeline.Oil production hits five-year highThe group also praised NNPC for reducing operating costs by $3.4 billion through contract restructuring and optimi…

…in Nigeria's petroleum sector as a reason the old model can no longer apply. The Dangote Refinery now supplies a significant volume of locally refined petrol, a development Onanuga said would not have happened under a subsidy regime. He argued that Atiku's proposal, if implemented, would threaten smaller domestic refin…

…and Purchase Agreement between the producers and domestic refiners. At the level of refinery participation, the statistics showed that the Dangote Refinery required 63 million barrels in Q2, while producers offered 68.1 million barrels. The 68.1 million barrels offered to the Dangote Refinery by producers represented 9…

…Atiku’s promise difficult to actualise. “Is he going to give fuel subsidy to the Dangote Refinery? The fuel produced by Dangote Refinery, is it not going to be impossible? Tell people the simple truth,” he said. Wike added that a more honest position would have been to argue for better utilisation of savings from the s…

Dangote Petroleum Refinery raised its diesel gantry price by N100 per litre, effective from midnightThe new price of N1,670 per litre is N21 above the diesel landing cost but still N30 below what several Lagos depots currently chargeNigerian businesses that rely on diesel-powered generators could face higher operating…

Dangote Refinery expands free petrol delivery to 10 states, lowering ex-depot price to ₦1,165 per litreEligible bulk fuel buyers can benefit from a 10-day credit facility and reduced transportation costsChanges aim to enhance competition and affordability in Nigeria's petroleum market while improving access to refined…

…PMS, pump prices by between N35 and N90 per litre, about three weeks after Dangote Refinery’s gantry price reduction. Checks by DAILY POST showed that MRS, Nigerian National Petroleum Company Limited (NNPCL), AA Rano, Nigerian Independent Petroleum Company (NIPCO), Emedab and other filling stations in Abuja and its env…

Heavy truck traffic surges at Dangote Petroleum Refinery as marketers flock for competitive pricingDangote undercuts Lagos depots, with significant price gaps driving direct purchases from the refineryLower procurement costs may lead to adjusted pump prices, intensifying competition in the downstream marketPAY ATTENTIO…

…Aliko Dangote, operates one of the largest oil refineries on the continent. The Dangote Refinery, located in Lagos, has a processing capacity of 650,000 barrels of crude oil per day, making it a landmark project in Nigeria's energy sector.LinkedIn users celebrate Respect Augustine's appointmentThe announcement attracte…

…outlets.Motorists rush to buy as NNPC petrol stations sell cheaper fuel than Dangote Refinery partner stations ImagesThe modest price difference has become significant for motorists battling rising transportation and living costs, particularly as petrol prices remain sensitive to changes in crude oil prices and supply…

By Udeme Akpan Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO. The $1 billion programme comprises a completed and funded $600 million private pl…

…MUIDEEN […] The post Tinubu’s reforms facilitated Nasarawa’s biggest lithium refinery in Africa —Gov Sule appeared first on Tribune Online.

…the spot landing cost of imported petrol at N1,218.54 per litre as of August 13Dangote Refinery's gantry price of N1,165 per litre sits N53.54 below what it costs to import the same productThe price gap also extends to diesel, where Dangote's AGO price undercuts the import-parity estimatePAY ATTENTION: Mark Legit.ng as…

…known as cooking gas, is expected to become cheaper across Nigeria after Dangote Refinery, marketers and depot owners reviewed their prices downward. A market survey by DAILY POST showed that Dangote Refinery reduced its LPG gantry price by N30 to N950 per kilogram. In a swift market reaction to Dangote Refinery’s LPG…

Nigerians may soon have the opportunity to become shareholders in Dangote Petroleum Refinery as the Securities and Exchange Commission (SEC) has received an application for a potential $5 billion initial public offering (IPO) by the multibillion-dollar refinery. The post SEC receives $5bn Dangote Refinery IPO applicati…