Dangote Refinery-backed marketers such as Ardova and Aiteo cut petrol prices to N1,264 per litre, while NIPCO offers it at N1,265Dangote Refinery’s flexible pricing model is intensifying competition among consortium members and putting pressure on independent depotsCheaper depot prices may not immediately lower pump pr…

…domestic production and changing international trade flows. Maher-Bonnett said the Dangote refinery is operating at a high rate, with steady petrol output, reducing the attractiveness of importing some petroleum products from Europe into West Africa. “Dangote’s 700,000 bpd Lekki refinery is running hard, gasoline outpu…

…tensions and fears of supply disruptionsRising crude and replacement costs could push Dangote Refinery and depot owners to raise petrol prices from ₦1,350 per litreAnother increase could drive up transport, food distribution and business costs for NigeriansPAY ATTENTION: Find it fast with our new search feature at Legi…

…to improve the business environment and attract industrial investment, identifying the Dangote Refinery as an example of a major industrial enterprise established in Nigeria. On migration, Imasuen said tackling illegal migration and human trafficking required more than enforcement measures, stressing the need to addres…

…in the report. The latest landing cost is N66.19, or about 4.90 per cent, below Dangote Refinery’s gantry price of N1,350 per litre. Similarly, the landing cost of imported petrol was between N64.19 and N74.19 per litre below the ex-depot prices of N1,348 to N1,358 quoted by depot owners. Despite the decline in landing…

…of Nigeria’s crude oil to take foreign loans “to the extent that we are unable to supply Dangote refinery the needed crude oil to satisfy domestic consumption and demand.” Osa Director said: “The most important aspect of the subsidy conversation is not yet addressed. Why are our refineries not working? Why did the APC…

…litreDiesel climbed to ₦2,000 per litre at Matrix’s Warri depot despite a reported Dangote refinery price reductionGovernment relief targets NNPC Retail’s profit margin, while rising landing costs cloud hopes of cheaper fuelPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in…

…Oyedele 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…

…and export commitments. “We (Nigeria) are still not at the point where we can give Dangote Refinery 700,000 barrels of crude oil; we don’t have enough to service Dangote Refinery,” he said. The minister spoke on Friday while fielding questions on Channels Television’s Politics Today programme. His comments come amid on…

…the importance of domestic refining to Nigeria’s energy security but called on Dangote Refinery to provide clearer explanations for significant changes in its petrol prices.See more Punch stories on Google.Add Punch on Google The association cited reports that the refinery raised its petrol ex-gantry price from ₦1,265…

…statement added that AELEX advised on aspects of the establishment and operation of the Dangote Refinery project within Nigeria’s Free Zone framework. On the latest IPO, the management said the offering would broaden public participation in the refinery project while providing an additional source of capital for the in…

…So, how many refineries does Nigeria have that they will subsidies production? Or, it's Dangote refinery?"@richy_os pointed to a gap in the proposal: "Nobody is asking him about @NMDPRA_Official licensed importers of refined product. What happens to them and their installations?"Not all responses were dismissive. @IamE…

…transportation 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…

…women. Under the programme, eligible women can access grants to acquire shares in the Dangote refinery, promoting equity ownership, savings and long-term investment, as well as creating opportunities for wealth creation through participation in the capital market. In a statement on Wednesday, the foundation said the be…

…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…

…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…

…a new chapter in her career. Lagos polytechnic graduate becomes electrical technician at Dangote Refinery. Photo Ejike>She expressed gratitude for the opportunity to join an organisation of Dangote Refinery's scale, noting that it would allow her to apply her technical skills in a demanding and rewarding setting.Cecili…

…pump prices while Nigerian businesses look for relief from lower local supply costs.Dangote Refinery offers Nigerians relief as diesel hits its highest rates in the UK. ImagesBritain’s average diesel price reached 200.01 pence on Friday, October 2, according to RAC data, up from 199.79p on Thursday, the Financial Times…

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…

…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 Octob…

…in May 2026, from 997,000 barrels per day in April to 765,000 b/d, as the ramp-up of the Dangote refinery reduced the region’s import requirement.Dangote has also increased supplies to markets including Ghana, Togo and Côte d’Ivoire, replacing some longer-haul import flows with shorter regional voyages.Clark said the d…

…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…

…itself 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…