Dangote Petroleum Refinery and Petrochemicals has increased the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre from ₦1,185 sold previously. According to a notice sent to marketers on Tuesday, August 25, the revised petrol price takes effect from Wednesday, August 26, 2026. Apart from the gantry price increase …
The Dangote Petroleum Refinery has increased prices for both Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (diesel), following a surge in global crude oil prices above $93 per barrel. The refinery raised its gantry price by ₦20 per litre, from ₦1,165 to ₦1,185 per litre. This represents a partial reversal of a …
Dangote Petroleum Refinery has expanded its free petrol delivery scheme to four additional states as of August 2026, bringing the total to 10 locations nationwide. States now Covered The scheme now includes the original six locations—Lagos, Ogun, Rivers, Kaduna, Delta, and the FCT (Abuja)—and has added Kano, Imo, Anambra, and Nasarawa. The company stated that …
In what is being hailed as a pivotal moment for the continent's financial markets, the Dangote Petroleum Refinery and Petrochemicals (DPRP) has secured a $1 billion underwriting programme to support its planned initial public offering (IPO). The landmark deal is structured to facilitate significant ownership of the refinery by investors from Africa and the Caribbean, …
Dangote Refinery has announced further cut in the ex-depot price of its Premium Motor Spirit (PMS), also known as petrol, and Automotive Gas Oil (diesel), signalling relief to consumers as competition intensifies in the domestic downstream petroleum market. According to a post on the company’s social media handle on Wednesday, August 5, the refinery’s ex- …
Dangote Refinery is targeting October 2026 for a landmark listing in the stock market to raise $5 billion through an initial public offering (IPO) to finance the expansion of the facility in Lagos. According to a report by Reuters, if approved and completed, the public offering will be one of the largest equity raises in …
The Dangote Petroleum Refinery has rolled out a bulk petrol supply initiative under its "Vision 2030: Accelerating Africa's Industrialisation" agenda. The scheme combines free direct delivery and a 10-day credit facility for qualified high-volume marketers and commercial distributors. In a post on its X handle, the Dangote Group said the offer is available to marketers …
Dangote Petroleum Refinery has raised $2.5 billion in fresh equity through a private placement that attracted almost $4 billion in investor demand, in what the company says is Africa's largest publicly disclosed primary equity placement by value. The offer closed 3.7 times oversubscribed against its original target, the refinery's operating company, Dangote Petroleum Refinery and …
Dangote Petroleum Refinery and Petrochemicals has successfully closed a landmark $2.5 billion private equity placement, marking what is believed to be Africa's largest publicly disclosed primary equity private placement by value. In a statement released on Thursday, the company said the offering, which was oversubscribed by 3.7 times relative to the initial offer size, represents …
Dangote Petroleum Refinery has reversed its recent dollar-pricing policy, resuming the sale of petrol in naira and setting a new ex-depot gantry price of ₦1,215 per litre. The decision, announced on Wednesday, provides a measure of relief to marketers and consumers by eliminating foreign exchange exposure that had complicated planning and squeezed margins for local …
