In a move that may offer some relief to consumers, the Dangote Petroleum Refinery has reduced the ex-depot (ex-gantry) price of its premium motor spirit (PMS) from ₦880 to ₦865 per litre. An official of the $20 billion refinery confirmed…
AFRICA’S wealthiest individuals have reached an historic milestone. For the first time, the continent’s billionaires collectively hold over $100bn in net worth, according to the March 2025 Forbes Billionaires List. The latest rankings reveal that Africa’s 22 billionaires now command a…
THE landing cost of imported premium motor spirit increased to N885 per litre on Wednesday from N797. The Major Energy Marketers Association of Nigeria disclosed the rise in the landing cost of petrol in its daily energy bulletin released…
NIGERIA’s petroleum products depot owners have increased premium motor spirit ex-depot prices. Data from the price template of several depot owners on Thursday showed that ex-depot prices of PMS are up by N25. Analyses of the petrol price movements…
The Management of Dangote Refinery has said it would stop selling petrol in Nigeria to avoid a mismatch between its sales proceeds and crude oil purchase obligation. Naija News reports that Dangote management, in a statement on Wednesday, explained the refinery’s sales…
THE Petroleum Retailers Outlet Owners Association of Nigeria (PETROAN) has commended the NNPC Retail Ltd. for slashing the price of Premium Motor Spirit (PMS), known as petrol from N920 to N875 per litre. PETROAN said the bold move was expected…
DANGOTE Petroleum Refinery & Petrochemicals, on Tuesday announced the reduction in the price of its diesel product. Trojaninsights gathered that Dangote reduced the price to ₦1,020 per litre, down from ₦1,075 per litre at the gantry price, in an effort…
THE Federal High Court in Abuja has postponed a case initiated by Dangote Petroleum Refinery and Petrochemicals FZE, which seeks to prevent the issuance of oil import licenses to certain oil marketing companies, until January 30th for a hearing. Naija…
NIGERIA’S Dangote Refinery has begun exporting Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa, marking a major milestone for Africa’s largest refinery. The Vice President of Oil and Gas at Dangote Industries Limited, Devakumar Edwin, disclosed the development during…
IN a landmark development for regional energy integration, Nigeria’s Dangote Refinery has completed its first petrol export to Cameroon. The move signals a step toward stabilising fuel prices across West Africa and strengthening trade ties within the region. The 650,000-barrel-per-day…
