Tag: Dangote Refinery

The Federal Government disclosed that Nigeria now imports 25 million litres of petrol daily
EconomicNews

Petrol Price May Exceed N1,000/Litre as FG Introduces 15% Import Tariff

The Federal Government has approved a 15% tariff on imported petrol. The…

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Africa’s richest man, Aliko Dangote, has announced a $400 million expansion plan for the Mugher cement plant in Ethiopia, aiming to double its production
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Dangote Seeks $5bn to Expand Lagos Refinery — Afreximbank Chief

Afreximbank President George Elombi has revealed that Aliko Dangote plans to seek…

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EconomicNews

Dangote Refinery to Expand Capacity to 1.4 Million Barrels Daily

Dangote Refinery has announced plans to boost production from 650,000 to 1.4…

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Lagos real estate: The power, the money, and the market gap

By Adenike Alao In Lagos, real estate isn’t just an asset class…

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Reps Demand Military Base in Benue After Yelwata Massacre Claims Over 200 Lives
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House Intervenes in PENGASSAN–Dangote Refinery Dispute

The House of Representatives has moved to resolve the dispute between PENGASSAN…

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PENGASSAN Ends Strike

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has…

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Dangote Urges Nigeria to Target 60,000MW Power Generation

Aliko Dangote, Africa’s richest man and President of the Dangote Group, has…

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Dangote Refinery’s Fuel Distribution Drive Poised to Ease Inflation, Says Rewane

Dangote Refinery's direct fuel distribution plan will reduce Nigeria's inflation, according to…

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Afreximbank Launches $3bn Credit Facility to Cut Nigeria’s Fuel Import Costs
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President Tinubu Confers GCON on Afreximbank President Oramah for Pioneering Continental Growth

President Bola Tinubu on Friday conferred the prestigious national honour of Grand…

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Dangote Refinery Announces Nationwide Petrol Price Reduction The new price regime, which marks a N15 reduction per litre across all regions and partner retail outlets, was posted on the official social media handle of Dangote Refinery on Thursday. It applies to all major fuel marketers in partnership with the refinery, including MRS, Ardova, Heyden, Optima Energy, Techno Oil, and Hyde Energy. In the earlier pricing template, Lagos residents paid N890 per litre, while prices rose to N920 in the North East and South-South regions. Fire Outbreak as National Sport festival at Underway At Alake Complex0:00 / 0:00 Ogun Women’s Volleyball Team Seal Comeback Win Over Rivers | Punch0:00 / 0:00 With the new adjustment, Lagos residents will now pay N875, while those in the North East and South South will pay N905 per litre. A breakdown of the revised prices shows, Lagos: N875, South-West: N885, North-East: N905, North-West & Central: N895, and South-South & South-East: N905 The Dangote Refinery urged consumers to purchase fuel only from its partner outlets and encouraged Nigerians to report non-compliance via its hotline: +234 707 470 2099 or +234 707 470 2100. “Our quality petrol and diesel are refined for better engine performance and are environmentally friendly,” the company stated in the notice. Related News Petrol price jumps 76% in one year – NBS Naira-for-crude deal caused reduced petrol prices – Dangote NNPCL refineries not producing enough petrol – DAPPMAN Our correspondent gathered the new reduction follows the return of a refund benefit policy offered to its customers earlier this week. The development comes hours after The PUNCH reported that independent oil marketers resumed large-scale importation of petrol, as fresh data shows that over 496.17 million litres of petrol were brought into the country within nine days. Findings using the Tanker Position Report, a document that tracks oil tankers’ movement and was obtained from Blue Sea Maritime by our correspondent on Monday, revealed that 370,000 metric tonnes of petrol were discharged at various depots. These products berthed at seaports between May 11 and 20, 2025. On Monday, the 650,000 Lekki-based facility said the naira-for-crude deal allowed it to reduce the price of petrol, which translates to reduced costs at the pumps. This is even as the company affirmed that the prices of petrol will remain affordable and stable. They said that despite the fluctuations in global crude oil prices, it has consistently reduced the price of petrol. The company, in a release signed by its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consumers from the increase in fuel prices by maintaining price stability.
EconomicNews

Dangote Refinery Announces Nationwide Petrol Price Reduction

In a move expected to bring relief to consumers, Dangote Petroleum Refinery…

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