…Abuja have cut their prices to N1,400 per litre from N1,420The latest reductions follow Dangote Refinery’s N25 cut in its gantry petrol price to N1,325 per litrePAY ATTENTION: Find it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, w…
…prices at selected depots also varied notably. Data from Petrolumprice.ng showed that Dangote depot sold LPG at N990 per kilogram, while Matrix charged N1,100, Navgas N1,125, and both A.Y.M Shafa and Nipco priced gas at N1,150 per kilogram.These figures confirm that cost differences begin at the source, before logistic…
…for those who knew better. This is the history that must frame any discussion of the Dangote Refinery IPO. The refinery is real: 650,000 barrels per day, the largest single-train facility in Africa, and a cornerstone of Nigeria’s effort to end fuel imports. Aliko Dangote has said he wants “every living Nigerian” to own…
…known as petrol. The motorists we’re reacting to the decline in oil prices globally. Dangote Refinery recently reduced its gantry petrol price by N25 per litre, from N1,350 to N1,325, triggering lower retail pump prices at many filling stations across the country. The News Agency of Nigeria reports that Crude oil price…
…Lagos State Polytechnic graduate, announced her new role as an Electrical Technician at Dangote Petroleum Refinery & Petrochemical FZEEjike earned a Higher National Diploma in Electrical Engineering before securing the position at one of Africa's largest refineriesShe shared her excitement and gratitude on LinkedIn on…
…daily. In August, the listed sources of LPG included 0.650 kilotonnes daily from the Dangote Petroleum Refinery, 0.860 kilotonnes from NLNG and SEPNU via vessels, 1.475 kilotonnes from other processing plants delivered by trucks, and 1.324 kilotonnes from imports. These sources totalled approximately 4.309 kilotonnes d…
UK diesel prices hit a record 200.01p per litre, while Dangote cut its Nigerian wholesale rate by ₦70The refinery’s lower price could ease costs for Nigerian businesses, but savings at the pump are not guaranteedG7 nations plan to release 100 million barrels of oil and petroleum products to cool supply pressuresPAY ATT…
Dangote Refinery’s growing market share is intensifying competition and pushing Nigerian depot suppliers to offer deeper discountsWeak purchasing power and slower orders squeeze marketers’ cash flow, even as wholesale petrol prices fallCrude price swings, inventory costs and aggressive bargaining complicate pricing, an…
The Aliko Dangote Foundation launched a Student Share Grant Initiative tied to the ongoing Dangote Refinery IPONigerian students aged 18 and above must subscribe to at least 10 shares through a dedicated portal to qualify for the grantThe Dangote Refinery IPO is priced at N525 per share, with subscriptions open until O…
…Crypto exchanges Each has different risks and rules. A long-term investor buying Dangote Cement or an S&P 500 ETF needs different features from someone trading currency pairs every afternoon. If you want a comparison of popular options and what they offer, this rundown of the best trading platform in nigeria is a usefu…
Nigerian billionaire and President of the Dangote Group, Aliko Dangote, has blamed local marketers and international oil companies for fuelling protests over land earmarked for his proposed $16bn oil refinery in Lamu, Kenya. Dangote and the President of Kenya, William Ruto, performed the groundbreaking ceremony for the…
By Uzoma MarvellousThe Dangote Petroleum Refinery is reshaping West Africa’s refined petroleum products market, reducing the region’s reliance on distant imports while increasing the flow of Nigerian products to neighbouring countries, Gary Clark, Associate Director, EMEA Clean Refined Products Pricing at S&P Global Pl…
…pushed back on the ruling, raising concerns about product quality and the role of the Dangote Refinery in domestic supplyPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, wit…
…petrol by ₦25 to ₦1,370 per litre, saving motorists ₦1,250 on a 50-litre purchaseDangote refinery’s ₦25-per-litre gantry price reduction is beginning to reach retail pumpsPetrol still costs up to ₦1,450 across Abuja as motorists await possible price cuts from NNPC and other marketersPAY ATTENTION: Find it f…
By Olakunle Oke & Gbenoba Kamsy Africa’s richest man, Aliko Dangote, will require about 2.1 million barrels of crude oil per day to supply his expanding refining operations, highlighting the growing feedstock requirements as Nigeria seeks to establish itself as a regional refining hub. Dangote, represented by the Chief…
…may lose three private jets over Customs duty. ImagesDantata, a half-brother of Aliko Dangote, is named alongside Bestaf Services and Metro Capital as respondents. However, the allegations remain unproven, and the court has not delivered a final judgment.PAY ATTENTION: From breaking news to viral moments. Follow Legit.…
Dangote Refinery-backed MRS filling stations have reduced their petrol pump price. A market survey by DAILY POST on Monday showed that MRS filling stations in Abuja had adjusted their petrol pump price to N1,370 per litre from N1,395 per litre. This represents a reduction of N25 per litre. The new price has been implem…
…from N1,352 to N1,332.The average Lagos PMS price settled at N1,327.50, just N2.50 above Dangote Refinery's revised gantry price of N1,325 per litre.Diesel prices recorded larger dropsThe diesel market saw even steeper reductions.Eterna cut its Automotive Gas Oil (AGO) price by N100 per litre, from N1,950 to N1,850, wh…
…petroleum infrastructureCourt orders continued import licences for three marketers as Dangote separately challenges fuel importsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, in…
…barrels of crude oil daily in August 2026, up 16.75% from 585,000 barrels per day in JulyDangote Refinery’s petrol supply rose by 39% to 35.9 million litres daily, while Nigeria’s petrol imports fell by 26% to 14.6 million litres per dayThe refinery recorded 105.21% average capacity utilisation and produced petrol, die…
…imports declined by 26 per cent from 19.7ml/d to 14.6ml/d. The data disclosed that the Dangote Refinery recorded an average capacity utilisation of 105.21 percent during the month. The refinery produced 41.94ml/d of Premium Motor Spirit (PMS), 18.01ml/d of Automotive Gas Oil (AGO) and 24.48ml/d of aviation fuel (ATK).…
…back in when we think or talk about capitalism in this country. This is what makes Dangote, and what he is trying to do here in Nigeria, important. For me, Dangote represents the closest thing we have to a true capitalist in this sense of wealth accumulation through production. Dangote has been in business since 1977,…
By Udeme Akpan Kenyan President William Samoei Ruto has described the Dangote Petroleum Refinery as “a masterpiece of science, engineering and art” following a tour of the world-class facility in Lagos, while reaffirming Kenya’s commitment to partnering with Dangote Group on the proposed $17 billion East African Oil Re…
Opposition leader Atiku Abubakar called for a substantial increase to Nigeria's N70,000 minimum wage, saying it has failed to restore workers' purchasing powerThe ADC presidential candidate compared Nigeria's wage to those of Libya, Algeria, Gabon and other African countries, all of which he said were higherAtiku pledg…
…prices across West Africa, prompting a fact-check.What the findings showedX post below:Dangote increases petrol price by N85Legit.ng earlier reported that the Dangote Petroleum Refinery has raised its ex-gantry price for petrol by N85 per litre over the weekend, bringing the new wholesale price to N1,350, as rising glo…