…said the country did not have enough freely available crude oil to supply the Dangote Refinery and other local refiners, explaining that production costs, royalties and contractual obligations significantly reduced the volume available to the Federal Government. The minister spoke on Friday during an interview on Chann…

…said Nigeria does not currently have enough crude oil to supply the Dangote Petroleum Refinery with its daily requirement of 700,000 barrels. Oyedele explained that the country was yet to reach a production level that would enable it to meet the refinery’s entire crude oil demand while also satisfying other domestic an…

…The association also called on Aliko Dangote and the management of Dangote Petroleum Refinery to establish a dedicated student-support scheme to cushion the effects of petroleum price fluctuations on transportation and other education-related expenses. The demands were contained in a statement issued on Thursday by the…

…— The approximately US$1.5 billion Initial Public Offering, IPO, of Dangote Petroleum Refinery & Petrochemicals FZE has been completed, with AELEX acting as Solicitors to the Offer in the landmark transaction. The offering is the largest single IPO undertaken in Africa and the first public offering by a Free Zone Entit…

…for Nigerian refineries, with the difference recovered as a production subsidy from refinery ownersThe proposal drew sharp reactions online, with critics questioning its feasibility and comparing it to existing subsidy arrangementsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in…

…costs and competition all play a role in what individual depots charge.Dangote refinery names 20 companies cleared to buy its petrolEarlier, Legit.ng reported that the Dangote Petroleum Refinery has named 20 petroleum marketers authorised to buy Premium Motor Spirit (PMS) from its facility, introducing a consortium-bas…

The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is now open. The offer is expected to run from Monday, 14 September to Tuesday,13 October 2026, giving eligible investors an opportunity to acquire shares in the company. The offer comprises 4.1 billion ordinary shares at ₦525 per share…

…million Nigerian women through the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE. The initiative, which was announced by the foundation recently, is aimed at increasing women’s participation in Nigeria’s capital market, particularly among low- and middle-income earners and vulnera…

…They alleged that after the NNPCL Group Chief Executive Officer gave the approval, the Refinery Coordinator had refused to implement it because of his closeness to the Presidency. The aggrieved union members said the peaceful protest was against what they described as injustice and marginalisation at the refinery and l…

…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, with in-dept…

…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 par…

…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 prices curr…

…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 3 October 2026, and her…

…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 daily. The figures…

…and the Inter-Agency Task Force discovered a 40,000-litre capacity illegal crude oil refinery in Rivers State. The discovery was made during a joint operation involving men of the Nigerian Navy and the Task Force at a creek in Bonny Local Government Area of the state on Friday. The discovery followed actionable intelli…

…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 ATTENTION: Mark Legi…

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…

…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 October 13,…

…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 refinery in Lamu on Wednesday. This comes even as a court halted construction activities due to a land dispute. Dang…

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…

…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, with in-de…

…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 fast wit…

…as a regional refining hub. Dangote, represented by the Chief Economist of Dangote Refinery, Dr. Hassan Mahmood, at the 3rd Nigeria Oil Refining Summit, NORS 2026, in Lagos, said the company’s 650,000 barrels-per-day refinery in Nigeria had been scaled up to 700,000 bpd. He said another Dangote refinery outside Nigeria…

…increase recorded in 2026 has been driven largely by the performance of the Dangote Refinery in Lagos and Dangote Cement, both of which have gained considerably this year.

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…