President of the Dangote Group, Aliko Dangote, has revealed that the company’s refinery project is attracting billions of dollars in investment interest ahead of its planned Initial Public Offering (IPO) scheduled for September 2026. Dangote made the disclosure during a recent visit by Femi Otedola, chairman of First HoldCo, alongside senior management officials of the…
Nigeria’s maritime sector has suffered a significant setback as the Dangote Refinery opts for Angola-based vessels to handle the shipment of its crude oil and refined products, citing a lack of suitable local capacity. The development was made public during the 2025 Maritime Law Seminar held in Lagos. Ladi Olubowale, President of the African Shipowners…
The Dangote oil refinery is set to incur a loss of approximately ₦32.5 billion on its existing 500 million litres stock of Premium Motor Spirit (PMS) following a recent price reduction. Prior to the price cut, Aliko Dangote, President of the Dangote Group, revealed that the refinery had over 500 million litres of petrol in…
The Dangote Refinery has extended its export of Premium Motor Spirit (PMS) to Cameroon, Ghana, Angola, and South Africa in recent weeks, marking a significant milestone for the Nigerian oil and gas sector. The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, made this known during a visit by a delegation…
Nigerian petroleum marketers have raised serious concerns about the Dangote Refinery’s pricing strategy, alleging that the $20 billion facility was not intended to provide affordable petrol to Nigerians. In an exclusive interview with Daily Post on Tuesday, Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and Abubakar Maigandi, National…
Dangote Refinery has raised concerns over a nearby facility allegedly involved in the blending and sale of substandard petroleum products in Nigeria. The company claims that an international trading firm recently acquired a depot adjacent to its own premises, reportedly to produce and distribute low-quality fuel to the Nigerian market in direct competition with Dangote’s…
Aliko Dangote, Chairman of Dangote Group, has attributed Nigeria’s ongoing fuel scarcity to retailers’ inaction, asserting that over 500 million litres of refined fuel remain uncollected in his refinery’s storage. Despite the refinery’s capacity to produce over 30 million litres daily, Dangote says distributors are failing to collect and deliver the fuel to the market….
Dangote Refinery has filed a legal case at the Federal High Court in Abuja, challenging the import licences granted to the Nigerian National Petroleum Company Limited (NNPCL), Matrix Petroleum Services Limited, A. A. Rano, and others. The refinery is seeking the annulment of these licences, claiming that they were issued despite its capacity to meet…
The Dangote Refinery is set to commence crude oil production, as reported by S&P Global Commodity Insights. Despite ongoing difficulties in securing feedstock, the refinery is preparing to tap into its Niger Delta upstream projects, located in Oil Mining Leases (OML) 71 and 72. Production is expected to start at around 20,000 barrels per day…
The Nigerian National Petroleum Company Limited (NNPCL) has reportedly ended its role as the exclusive buyer of Premium Motor Spirit (petrol) from the Dangote Refinery, according to a report from Premium Times. With this move, petroleum marketers will now have to source petrol directly from Dangote Refinery, bypassing the NNPCL. Efforts by DAILY POST to…
The Dangote Refinery has officially started loading Premium Motor Spirit (PMS), also known as petrol, onto trucks at its facility, marking a significant moment for the Nigerian oil industry. In a video shared on Sunday via its official X account, the Dangote Group confirmed the event, stating, “HAPPENING NOW: First set of trucks set for…
