…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…

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…

…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, while Rain Oil…

…fuel import licensing for three marketers, a development that runs counter to Dangote Refinery’s campaign to restrict imports. PAY ATTENTION: From breaking news to viral moments. Follow Legit.ng on Instagram!However, the reported judgment arose from the marketers’ case against NMDPRA, rather than a ruling dismissing Da…

…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, diesel and…

…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). Of the P…

…as a leading beneficiary of the government’s privatisation programme. With his Dangote Refinery and other business in the Group, he is now effectively not just a producer of things himself, but a builder of big businesses from scratch. According to reports, Dangote was worth $3.3 billion when he first appeared on the F…

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…

…the country.The crisis has been worsened by Syria’s limited domestic crude production, refinery constraints and disruptions to external supplies.The country produces about 102,000 barrels per day (bpd), against demand of roughly 325,000 bpd, forcing it to rely significantly on imports.Its largest refinery, Baniyas, is…

…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 global crude oil costs put pressure on Nigeria's fuel market.

Dangote Refinery raised its gantry price from N1,265 to N1,350 per litre, triggering pump price increases across major Nigerian citiesNNPCL outlets in Lagos now sell petrol at N1,380 per litre, while Abeokuta records a lower price of N1,307 at NNPCL stationsEconomists and labour leaders are warning that the latest petr…

…commuters, households and businesses. Another headline features the Dangote Petroleum Refinery opening its landmark N2.15 trillion initial public offer (IPO) today. Vanguard also reports that as primary and secondary schools reopen across the country today, parents and guardians will contend with paying higher school f…

…raises petrol price 3 times in 9 daysEarlier, Legit.ng reported that Dangote Petroleum Refinery raised its Premium Motor Spirit gantry price by N65 on August 29, bringing the figure to N1,265 per litre and marking the third upward adjustment in less than two weeks.The refinery had previously moved its PMS price from N1…

…known as petrol. The latest adjustment followed an N85 increase in Dangote Petroleum Refinery’s gantry price, from N1,265 to N1,350 per litre, amid a surge in global crude oil prices.[/i This represents a 6.7 per cent increase and takes the refinery’s wholesale price above the current petrol landing cost of N1,311 per…

…and Exchange Commission has approved the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at ₦525 each. The offer could raise approximately ₦2.15tn if fully subscribed, according to a statement issued by the Dangote Group on Friday.…

…new prices, according to Petroleumprice.ng. Earlier, DAILY POST reported that Dangote Refinery had increased its gantry diesel price by N100 to N1,850 per litre as crude oil prices topped $95 per barrel. However, Brent crude and West Texas Intermediate, WTI prices had cooled slightly $94.74 and $90.34 per barrel, respe…

…litre, figures that are now broadly level with or above what most depots and the Dangote Refinery are currently charging.MEMAN data shows Nigeria’s petrol landing cost Photo: BloombergImagesDepot and Refinery Prices Still Below Landing CostDespite the higher import benchmark, PMS continues to trade below the landing co…

…petroleum products from Indorama Eleme Petrochemicals through the Port Harcourt Refinery to vessels that visit the area to load products for export. Fyneface said the product was being pumped at high pressure when the victims allegedly inhaled the fumes, resulting in multiple deaths. He added that some bodies had repor…

…products from the Indorama Eleme Petrochemical facility through the Port Harcourt Refinery to vessels that regularly came to load products for export. “The report further stated that while a vessel was loading the product and the men were simultaneously loading into their waiting boats from the illegal tapping point, t…

…strikes on Iranian targets near the Strait of Hormuz rattled global oil marketsDangote Refinery raised its petrol gantry price three times in nine days, bringing the cumulative increase to N100 per litreNNPCL is now selling petrol at N1,299 per litre in Lagos and up to N1,345 per litre in parts of Abuja as wholesale co…

…IPMAN, has appealed to the Federal Government to intervene in the operations of Dangote Refinery to help reduce retail fuel prices. The National President of IPMAN, Abubakar Maigandi, made the appeal in an interview with DAILY POST on Tuesday. His appeal comes as fuel prices rose significantly to between N1,310 and N1,…

…to N1,290, while Sobaz increased its price by N80/litre to N1,285. In Lagos, the Dangote Refinery increased its petrol price by N66/litre, from N1,200 to N1,266/litre. Pinnacle also moved from N1,201 to N1,266, while African Terminal and Integrated increased their prices by N67/litre to N1,268. The increases were more…

…stations in Abuja and its environs. The latest price hike in Nigeria comes after Dangote Refinery raised its gantry price by N65 per litre. Fuel price: Brent, WTI global crude prices jump to $95, $90 per barrel as US-Iran conflict escalates

…The Nigeria Labour Congress has rejected the latest petrol price hike by the Dangote Refinery, describing it as avoidable and demanding that more Nigerian crude be supplied to domestic refineries. Gunmen have killed two people and abducted the All Progressives Congress Chairman of Rogo Local Government Area in Kano Sta…