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Africa’s largest refinery has pushed back against allegations that petrol produced at its Lagos facility is shipped to Lomé in Togo and then quietly returned into the Nigerian market, describing the claims as commercially illogical, contractually barred, and unsupported by trade data. Dangote Petroleum Refinery and Petrochemicals issued the rebuttal on Tuesday, June 23, 2026,…
Nigeria has approved a fresh round of petrol and diesel imports for the July to September quarter, a move that signals renewed pressure on domestic fuel supply even as the country pushes to lean more heavily on local refining. The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued the clean product import permits to…
Nigeria shipped Premium Motor Spirit worth N105.50bn to Togo in the first three months of 2026, a figure that captures how sharply the country’s downstream fortunes have turned after decades of dependence on imported fuel. The export value was contained in the National Bureau of Statistics Foreign Trade Statistics Report for the first quarter…
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….
The average pump price of petrol in Nigeria rose slightly in February 2026, even as diesel also recorded a monthly increase, according to fresh data released by the National Bureau of Statistics (NBS) on Friday. In its latest Premium Motor Spirit (Petrol) Price Watch, the NBS said Nigerians paid an average of N1,051.47 per litre…
