…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…

…research and structural reworking of the economy of it. Ordinary flame and smoke of a refinery doesn’t mean it’s working, until it’s profitable and yields the value for which it is built,” Tinubu stated. He said he would not bother to look back into what has happened in the past about the failed rehabilitation of the r…

…Bola Tinubu to stop blaming former President Muhammadu Buhari for the country’s refinery woes and instead account for the trillions of naira sunk into the facilities under his own watch. Atiku’s Senior Special Assistant on Public Communication, Phrank Shaibu, said in a statement on Sunday in Abuja that the combined obl…

Dangote Refinery reduces LPG price to ₦950/kg, offering relief for households and businesses11 Plc follows suit, cutting LPG rate to ₦980/kg, highlighting price competition among suppliersRainoil and PPMC maintain prices, indicating mixed movements in the LPG market despite recent reductionsPAY ATTENTION: Find it f…

…sustainable aviation fuel (SAF) blending facility at Flint Hills Resources’ Pine Bend Refinery. The development, according to stakeholders, marks a step forward in expanding SAF availability at Delta’s second-largest hub, Minneapolis-St. Paul International Airport (MSP). SAF is an alternative jet fuel made from renewab…

…as NGX reverses gain Domestic crude must be available and commercially viable - Dangote Refinery Dollar to Naira exchange rate today, August 11, 2026: Nigerian Naira depreciates, reverses gain Gas flaring: CSOs raise concern over poor enforcement of Methane emission laws in Nigeria Heirs Life Assurance appoints Pastor…

…domestic refineries.Rabiu Umar, NMDPRA chief executive officer (CEO), said the Dangote refinery is helping to increase Nigeria's domestic refining capacity, particularly with its plan to double its processing capacity to 1.4 million barrels per day. Umar said the authority is working to address crude oil supply shortag…

…The NRS said the government’s naira-for-crude arrangement with the Dangote Petroleum Refinery and other domestic refineries had contributed to a major shift in Nigeria’s petroleum trade position. According to the report, the arrangement had helped Nigeria move from being a net importer of petroleum products to becoming…

President Bola Tinubu has explained that he supported the Dangote Refinery to encourage the private sector to invest more in the nation’s economy. Tinubu said this on Thursday at a meeting with the board and management of the Nigerian Exchange Group at the Presidential Villa, Abuja. Recounting his conversation with the…

…of stolen crude oil products were recovered following disruption of additional illegal refinery infrastructure in Rivers State under Operation Delta Sentinel Folorunsho said, “The latest operation, conducted within the Ogba-Egbema-Ndoni axis of Rivers State, led to the discovery and deactivation of 2 illegal refining s…

…countries have adopted, has also supported local refining capacity, such that Dangote Refinery has become a net exporter of PMS and aviation fuel. “Manufacturing and industrial companies similarly benefited from improved access to foreign exchange and a more predictable currency market,” the presidency stated. The pres…

…prices at its retail stations.This followed a reduction in the ex-depot price by Dangote Refinery.The refinery cut its gantry price by N85, from N1,285 to N1,200 per litre, prompting NNPC retail outlets to reduce their pump price by N75, with petrol selling at N1,255 per litre instead of N1,330.

…ensuring supply diversity and sustaining competitive market conditions. “While Dangote Refinery maintains that imports should be banned where sufficient domestic supply exists, the Federal Government has consistently maintained that preserving its authority to issue import licences is essential to managing the country’…

…resume free petrol loadingEarlier, Legit.ng reported that Dangote Petroleum Refinery has opened the sale of PMS, also known as petrol, to all licensed marketers, ending its previous consortium marketing arrangement.Dangote Refinery also reduced its ex-gantry PMS price and aligned its coastal loading price with the ex-g…

Dangote Refinery is expected to consume about 2.5 per cent of globally traded crude oil at full capacity, its President and Chief Executive Officer, Aliko Dangote, has disclosed. Dangote made the disclosure while receiving the Minister of State for Industry, Senator John Owan Enoh, who led a high-level delegation from…

Dangote Petroleum Refinery formally submitted an IPO application to Nigeria's Securities and Exchange CommissionThe SEC director-general said the regulator sees no obstacles that should prevent the planned September listing from going aheadThe application comes days after the refinery closed a $2.5 billion private plac…

…infrastructure, pipeline vandalism, delayed bridging claims and limited access to refinery products by independent marketers. IPMAN urged lawmakers to support reforms that would improve logistics, reduce distribution costs, attract investment and guarantee affordable petroleum products nationwide. Speaking for MEMAN, i…

…would illustrate the point. Before Tinubu and the opening of the largest single chain refinery in Nigeria, petrol price never reached N600 per litre. Today, after reform and the refinery, the price averages N1,200 per litre – without any increase in workers pay. Nobody needs a doctorate degree in Economics to know who…

…for years due to inadequate domestic refining capacity. The data showed that domestic refinery receipts fluctuated significantly during the review period, rising from 1.3 million litres per day in June 2025 to 1.5 million litres per day in July before climbing sharply to 3.5 million litres per day in August. Supplies l…

Dangote Petroleum Refinery resumed diesel sales after an eight-day halt, but marketers will now pay more at the loading gantryThe new gantry price marks a ₦150 rise from the previous rate, driven by climbing international crude oil costsThe price change is expected to push up ex-depot diesel prices nationwide, hittin…

…attacks, with diplomacy at a deadlock. Ukrainian drones also targeted a Siberian oil refinery and the Urals city of Yekaterinburg, escalating strikes deep inside Russia — which it says are aimed to weaken Russia’s war effort and force the Kremlin to negotiate. The deaths — in Russian-occupied Ukraine, north-eastern Ukr…

…pump prices locally and reverse recent gains in inflation control. The Dangote Petroleum Refinery increased its ex-gantry petrol price from N1,075 per litre to N1,215 per litre, while also resuming the sale of petrol in naira. by Linda Ikeji at 23/07/2026 8:36 PM | Share this Story

Dangote Petroleum Refinery and Petrochemicals has completed a landmark $2.5bn private equity placement after the offer attracted demand more than three times the initial size. The company said the transaction, which achieved a 3.7 times subscription rate, resulted in the issuance and allotment of approximately $2.5bn i…