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…
…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…
…importance of domestic refining capacity to Nigeria’s fuel security. In May, the Dangote Petroleum Refinery supplied an average of 41.5 million litres of petrol daily, according to reports based on the NMDPRA’s monthly data. The figure was significantly higher than the 40.1 million litres per day recorded in January. H…
…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…
…daily for access 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…
By Yinka Kolawole Dangote Cement Plc has reaffirmed its commitment to driving low-carbon cement production, with Group Managing Director, Arvind Pathak, urging African producers to accelerate decarbonisation while expanding capacity to meet the continent's growing infrastructure demand. Pathak made the call after parti…
…mid-day depot price 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 p…
…for summer travel and school fees," he said, adding that the lingering impact of the Dangote IPO and political activities ahead of the elections are also contributing to increased demand for foreign exchange. Uche Uwaleke, professor of Capital Market at Nasarawa State University and president of the Capital Market Acad…
•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…
The President & Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, has urged the Federal Government to direct capital injection into six marine priority areas. Listing the marine areas during the 2nd Quarter 2026 Citizens/Stakeholders' Engagement held by the Federal Ministry of Marine and Blue…
Dangote Industries 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…
…on expensive 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 Nige…
…of building materials, paint products, construction technologies and cement, including Dangote Cement Plc, all showcasing innovative products and solutions designed to transform Africa's housing sector. Commissioners for Lands, Housing and Urban Development from states across Nigeria have also confirmed participation a…
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…
…referring to private resources. Usually, when people like Warren Buffett or Aliko Dangote speak in the same way, the world can track the authority behind their words. If the funds to which Mrs Tinubu says she is providing are public funds, were they appropriated by the National Assembly? If so, through which ministry,…
The President of Dangote Industries Limited, Aliko Dangote, has said strategic investments in aquaculture, hatcheries, feed production, processing, cold-chain logistics and export infrastructure could reduce imports, conserve foreign exchange, create more than 500,000 jobs and position Nigeria as a leading exporter of…
…reach their families and live with greater security," he said. Earlier, President of the Dangote Group, Alhaji Aliko Dangote, whose company is executing the projects, said the group was currently handling 12 major road projects covering more than 1,000 kilometres across the six geopolitical zones under the Federal Gove…
…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…
The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre, The PUNCH reports. The latest adjustment represents a N50, or 4.4 per cent, reduction from the previous price and is expected to further intensify competition in…
***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…