…a 10% rise, according to data obtained by Petroleumprice.ng.New diesel prices emerge at Dangote Refinery after reverting to naira sales. >The new rate takes immediate effect as the refinery reopens diesel loading to marketers across the country.From breaking news to viral moments. Follow Legit.ng on Instagram.Dangote r…

…Africa’s energy security through large-scale refining and petrochemical capacity. The Dangote refinery, located in Lagos, has a production capacity of 650,000 barrels per day and is one of the largest single-train refineries in the world.

…tensions in the Middle East, raising concerns about possible supply disruptions. For the Dangote Refinery, which processes both Nigerian and imported crude oil, higher international crude prices translate directly into increased feedstock costs, as crude accounts for the largest component of refining expenses. The post…

…petrol at about ₦1,350 per litre, a rate significantly higher than the price supplied by Dangote Refinery to marketers.Landing costs 20% higher than local fuelUkadike disclosed that the landing cost of imported petrol is roughly 20 per cent higher than Dangote’s supply price, describing the arrangement as counterproduc…

…transportation costs drive LPG price variations across different states, with Dangote Refinery offering the lowest priceConsumers are advised to compare rates and avoid roadside resellers for better pricingFind it fast with our new search feature at Legit.ng! Pascal Oparada is a journalist with Legit.ng, covering techn…

…costs The latest increase followed the temporary suspension of product loading at Dangote Refinery, which pushed depot prices higherFind it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian econo…

…the pump is reduced. Despite increased domestic refining capacity, particularly from the Dangote Refinery, Nigerians are still vulnerable to global oil market shocks. What does this tell us about the country’s energy security? Despite increased domestic refining capacity, particularly from the Dangote Refinery, Nigeria…

Aliko Dangote's refinery has raised $2.5 billion through a private share placement after attracting about $4 billion in investor demandThe fundraising comes ahead of a planned IPO expected as early as August, becoming Africa's largest stock market listingInvestor confidence remains strong, with billionaire Femi Otedola…

…25% due to disruptions in the Middle EastThe recent temporary loading suspension at Dangote Refinery also pushed petrol ex-depot prices to around ₦1,200 per litreFind it fast with our new search feature at Legit.ng! Legit.ng journalist Victor Enengedi has over a decade's experience covering energy, MSMEs, technology, b…

…comes amid the gradual transformation of Nigeria’s downstream petroleum sector, with the Dangote refinery increasingly supplying the domestic market while imports continue to act as a balancing source. The figures also demonstrate that increased refinery crude supply does not automatically guarantee a corresponding inc…

…are under growing pressure as rising international petrol prices increase landing costsDangote Refinery's pricing has effectively set a price ceiling in Nigeria, leaving importers unable to pass on higher costs to marketersS&P Global Commodity Insights said arbitrage opportunities from Lomé have closedFind it fast with…

…includes several mega bridges designed to withstand heavy industrial traffic around the Dangote Refinery axis. According to him, “At the corridor of the Dangote Refinery, we have to take into consideration the kind of trucks and the frequency of trucks there. We have bridges with spans of 80 metres instead of the tradi…

…is still not in line with global Platts that dictates the aviation fuel cost build-up. Dangote Refinery is charging about N200 per litre more for domestic supply than for export.” He noted that in the international aviation fuel market, Platts serves as the benchmark pricing assessment used by refiners, fuel suppliers,…

Dangote Refinery dumps Naira sales, Shifts to Dollar-denominated pricing for Fuel In a major commercial shift, the Dangote Petroleum Refinery has suspended its naira-based transaction model and officially transitioned to a dollar-denominated pricing framework for all refined products.The new policy effectively ends the…

…report indicated that intense competition among marketers and the Dangote Petroleum Refinery has kept the product prices relatively stable despite pockets of marginal increases, In Lagos, which remains Nigeria's largest petroleum trading hub, Dangote Petroleum Refinery retained its ex-depot petrol price at N1,075 per l…

…operational inefficiencies and poor maintenance. The commissioning of the Dangote refinery has begun to reverse that trend. The refinery reached full operational capacity shortly before the recent Middle East tensions involving Iran, helping Nigeria significantly reduce its dependence on imported petrol and other refin…

…the country to Europe since Nigeria became a net exporter of jet fuel in 2024, when the Dangote Refinery commenced aviation fuel production. The June export volume is equivalent to about 582.5 million litres of jet fuel. At an estimated domestic value of N1,300 per litre, the shipment is worth about N757.25bn. On the o…

…standing at about 135,752 tonnes over the past five years. According to the report, the Dangote refinery expansion includes a base oil production unit, but the facility has yet to commence operations, leaving the region dependent on imports. "Lower availability of base oils and rising global prices due to the continued…

…on Petroleumprice.ng also confirmed the new ex-depot price of N1,075 per litre at the Dangote refinery. The latest reduction could compel filling stations to adjust their pump prices downward in the coming days, especially those sourcing products directly from the refinery. The development comes amid increasing competi…

***Dangote Refinery determines price changes - Marketers ***NLC blames govt for fuel price standoff By Udeme Akpan, Energy Editor, Victor Young, Ediri Ejoh & Obas Esiedesa LAGOS - The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum market…

Dangote Refinery has again reduced its gantry petrol price nationwide to N1,125 per litre from N1,175 per litre. The spokesperson of Dangote Group, Anthony Chijiena, confirmed the latest reduction to DAILY POST on Thursday. This means that the refinery dropped its petrol gantry price by N50 per litre. “It is true our p…

…any promotional materials relating to the acquisition or allocation of shares in the refinery. The Commission also instructed operators to remove all such content from websites, social media platforms including X, LinkedIn, Instagram and Facebook, as well as messaging groups, within 24 hours. In addition, the regulator…

…also highlighted ongoing infrastructure projects such as the Lekki Deep Sea Port, Dangote Refinery, Lagos International Financial Centre project, and the Lagos-Calabar Coastal Highway, describing them as key to strengthening Lagos' global competitiveness. He added that Lagos is working with neighbouring South-West stat…

Nigerian filling stations have finally reduced their fuel pump price, five days after Dangote Refinery’s gantry price cut. A market survey by DAILY POST on Sunday morning showed that Eterna, NIPCO, AA Rano and Ranoil filling stations have all dropped their fuel pump price to between N1,280 and N1,300, from N1,340 per l…

…of the 17.34% yield on offer. The third factor relates to developments surrounding the Dangote Refinery private placement. Market participants say some investors have been raising liquidity to participate in what is expected to be one of the largest corporate capital raises in Nigeria's history. Sources familiar with t…