By UdemeAkpan, Energy Editor The Dangote Petroleum Refinery has significantly increased exports of refined petroleum products as inadequate domestic crude oil supply and persistent foreign exchange constraints continue to hamper its operations. This comes as rising global crude oil prices are expected to increase feeds…

…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 counterproductive.He ar…

…reported the army dropped two chlorine barrels in September 2024 around the al-Jaili oil refinery north of Khartoum. It used open source data, social media footage and five experts to confirm two barrels of chlorine gas had been dropped by aircraft. The RSF controlled the area and Sudan’s largest oil facility at the ti…

…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…

…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 economy, st…

Nigeria's LPG imports skyrocketed 1,400% to 1.5 KT/d in June 2026, addressing severe supply shortagesDaily LPG consumption increased by 24%, with imports providing nearly 30% of total supply to meet demand.Price reductions in LPG offer hope for families amid rising living costs, but long-term solutions are neededFind i…

…But for Nigeria, the case here is quite different. We are lucky to have a functional refinery and, with a crude production of about 1.5 million barrels per day, it has helped us overcome the supply glitch that several countries of the world faced. Prices were supposed to have surged to close to N3,000 per litre if not…

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…

…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, banki…

…higher petrol receipts in the domestic market. The figures could also reflect changes in refinery operations, product yields, maintenance activities, evacuation arrangements and the balance between domestic production and imported products. The June fact sheet further showed that average daily PMS consumption increased…

…Production Quota By Kingsley Omonobi The Nigerian Navy says it dismantled 48 illegal refinery sites, recovered about 4.698 million litres of stolen crude oil and illegally refined petroleum products, and arrested more than 91 suspects involved in crude oil theft, pipeline vandalism, militancy and related offences durin…

…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 our new s…

…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 traditional 15…

…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, airlines…

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…

…to the same depots. Although the commencement of operations at the Dangote Petroleum Refinery has significantly boosted domestic fuel supply, many independent marketers still obtain products from tank farms located within the Apapa corridor, thereby sustaining the heavy volume of tanker traffic in the area. Another maj…

…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…

…Ukraine has also claimed responsibility for a drone strike on Moscow's Kapotnya oil refinery, one of the capital's main fuel suppliers.Ukrainian President Volodymyr Zelensky said the attacks demonstrate Ukraine's growing long-range strike capability and described them as a response to continued Russian attacks. He also…

…in fresh investment commitments, including a US$1.3 billion, 1.5-million-tonne alumina refinery, the largest mining investment in Nigerian history. The federal government's target is a 25-fold expansion of the sector, to roughly ₦30 trillion (about US$21 billion) by 2030. "The centre-piece of the address was EMERGE, th…

•As diesel prices rises across major depots By Udeme Akpan The Dangote Petroleum Refinery on Wednesday trimmed its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, by ¦ 1 per litre, even as diesel prices climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria's downst…

…Limited has commenced preliminary works on its proposed $17bn, 700,000-barrels-per-day refinery in Kenya, marking the first major step towards what is expected to become East Africa's largest refining project. The company said the project has advanced beyond the planning stage, with the site already selected, soil test…

…bank borrowings. The biggest contributor to the decline came from Dangote Sugar Refinery, although it still recorded the highest finance cost in the sector at N28.45bn, down 4.73 per cent from N29.86bn. Nestlé Nigeria followed, with finance costs falling 27.88 per cent to N16.92bn from N23.47bn, while Nigerian Brewerie…

…operation that stretches from farmers in Kwale County to cultivation and a planned biorefinery capable of producing fuel locally. The goal is not merely another agricultural business but an attempt to reduce dependence on imported fuel while creating demand for local production. Felix Kimura, Product Manager, My OneApp…

Dangote Petroleum Refinery exported about 466,000 metric tonnes of jet fuel to Europe in June, valued at an estimated N757bn, overtaking shipments from the United States and others. This is as Nigerian jet fuel exports to the continent reached their highest level since the country became a net exporter of aviation fuel…

…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 disrupti…