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Billions of dollars in rehabilitation contracts and a decades-long search for efficiency have failed to shift former President Olusegun Obasanjo’s conviction that Nigeria’s state-owned refineries are beyond repair. As the Nigerian National Petroleum Company (NNPC) Limited pushes toward a June 2026 deadline to secure technical partners for the Port Harcourt, Warri, and Kaduna facilities,…
The Nigerian National Petroleum Company (NNPC) Limited has significantly scaled its crude supply to the Dangote Oil and Gas Company, delivering over 1.03 million metric tonnes of crude in April 2026. This volume equates to roughly 6.8 million barrels or 1.08 billion litres. Eight major cargoes handled by the NNPC trading arm facilitated this flow,…
A ten percent stake in Africa’s largest single‑train refinery will be offered to public investors through a Pan‑African Initial Public Offering scheduled for 2026, Alhaji Aliko Dangote has confirmed. The share sale, which analysts estimate could raise approximately two billion dollars based on the facility’s twenty billion dollar valuation, marks the first time equity…
Nigeria’s daily importation of Premium Motor Spirit, commonly known as petrol, climbed sharply by 96.6 percent in March 2026, reaching 5.9 million litres per day, up from 3.0 million litres per day recorded in February. The figures were published on Tuesday by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in its monthly fact…
Dangote Refinery has reversed its recent fuel price adjustment, reducing the ex-gantry price of Premium Motor Spirit by ₦75 to ₦1,200 per litre, industry sources confirmed on Wednesday. The reduction comes weeks after the facility raised petrol prices to approximately ₦1,275 per litre, citing volatility in international oil markets that had elevated supply costs….
Nigerian households face a fresh economic squeeze as the price of Liquefied Petroleum Gas (LPG) jumped 14.3% this month. A kilogramme of cooking gas now retails for N1,500 in many locations, up from N1,300 just weeks ago. This retail spike mirrors a sharp rise in the wholesale market, where the ex-depot price for 20 metric…
The Nigerian National Petroleum Company Limited has increased crude oil supply to the Dangote Petroleum Refinery to seven cargoes for May 2026, up from the five cargoes supplied in previous months, two trade sources and a refinery official told Reuters. The increase follows a directive to prioritise domestic crude supply and comes as the…
Nigeria’s petrol import bill dropped to $10 billion in 2025, a 28.88 percent decline from the $14.06 billion spent the previous year. Data from the Central Bank of Nigeria’s (CBN) latest balance of payments report attributes this sharp contraction to the commencement of domestic production at the Dangote Refinery. The 650,000-barrel-per-day facility began churning out…
The Dangote Petroleum Refinery has commenced large-scale exports of refined fuel to five African nations, marking a shift in West Africa’s energy dynamics. International traders recently moved 12 cargoes totalling 456,000 tonnes of petroleum products to markets in Côte d’Ivoire, Cameroon, Tanzania, Ghana, and Togo. This milestone follows the facility reaching its full processing capacity…
The Dangote Petroleum Refinery has raised its petrol price to N1,275 per litre, marking the fifth adjustment this month. This latest hike came just hours after a previous increase on Friday night, signalling extreme volatility in Nigeria’s deregulated market. The new rate is a N100 jump from the N1,175 seen earlier in March. Every previous…
