Billionaire businessman Femi Otedola has expressed optimism that with the Dangote Refinery operating at its full capacity of 650,000 barrels per day (bpd), the naira will trade below ₦1,000 per dollar before the end of 2026, reflecting the impact of the refinery's operations on Nigeria's foreign exchange market and the economy generally. Otedola stated this …
Nigeria’s long-standing quest for fuel self-sufficiency has received a significant boost as the Dangote Refinery successfully ramps up its Crude Distillation Unit (CDU) and Motor Spirit production block to a full capacity of 650,000 barrels per day (bpd). This followed a period of scheduled maintenance and technical stabilisation. The refinery made this known in a …
Dangote Petroleum Refinery has reduced the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol from ₦799 to ₦774 per litre, reflecting a ₦25 cut. The refinery made this known in a notice sent to marketers on Tuesday, February 10. According to the refinery management, the price adjustment takes immediate effect. Pinnacle …
Competition in Nigeria’s downstream petroleum sector has intensified once more following a drop in the landing cost of imported Premium Motor Spirit (PMS), commonly known as petrol, below the ex-depot price offered by the Dangote Petroleum Refinery. The Widening Price Gap According to the Major Energies Marketers Association of Nigeria (MEMAN) Competency Centre Energy Bulletin, …
Dangote Refinery has announced plans to begin the local production of surfactants, a key raw material used in the manufacture of detergents and other cleaning products in Nigeria. Surfactants are essential ingredients in household and personal care detergents, commonly used for washing clothes, cleaning surfaces and maintaining personal hygiene. They are produced by refining petroleum …
Dangote Refinery has revised its distribution policy, saying marketers are now free to choose between gantry and coastal loading of petroleum products from the refinery. It said the refinery does not impose restrictions on the evacuation modes chosen by marketers. Change in Distribution Policy In a statement released on Thursday night, the refinery, however, warned …
The Dangote Petroleum Refinery has again clarified its operations following allegations that it was importing finished fuel into Nigeria. It dismissed reports claiming that it imports finished petroleum products (petrol, diesel, or aviation fuel), describing them as false and rooted in a misunderstanding of the standard refinery's operations. According to a statement released by the …
In a significant move to boost its capacity expansion drive, Dangote Industries Limited and the Nigerian National Petroleum Company (NNPC) Limited have signed new Gas Sales and Purchase Agreements (GSPA). The deals, finalized over the weekend at the unveiling of the NNPC Gas Master Plan (NGMP) 2026 in Abuja, are designed to scale up gas …
Dangote Petroleum Refinery has reaffirmed its capacity to supply massive volumes of petroleum products, including Premium Motor Spirit (PMS), also known as petrol, Automotive Gas Oil (diesel) and aviation fuel, effectively positioning itself to meet and exceed Nigeria’s total domestic demand. In an update shared on Thursday, January 29, the 650,000-barrel-per-day refinery said it can …
Dangote Petroleum Refinery has announced an increase in the gantry price of Premium Motor Spirit (PMS), also known as petrol, to ₦799 from ₦699, reflecting a ₦100 increase. Also, the refinery’s distribution partners, such as MRS retail outlets, are now selling at ₦839 per litre, a ₦100 increase from ₦739 previously. This was announced in …
