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Tag: Dangote Refinery

African News Business

Dangote Refinery Opens ₦2.15 Trillion IPO at ₦525 Per Share

Dangote Petroleum Refinery has opened its Initial Public Offering, IPO, offering investors an opportunity to acquire shares in the refinery. The public offer, which opened on September 14, consists of 4.1 billion new ordinary shares priced at ₦525 each and is expected to raise approximately ₦2.15 trillion. Investors can subscribe for a minimum of 10 […]

African News

Dangote Targets 2.1 Million Bpd Refining Capacity Across Africa

The Dangote Group has unveiled plans to increase its total refining capacity in Africa to 2.1 million barrels per day as part of a long-term expansion strategy aimed at strengthening the continent’s energy security and industrial development. The expansion plan includes increasing refining capacity in Nigeria to 1.4 million barrels per day and developing a […]

Business Top Stories

Dangote Refinery Cuts Jet Fuel Price To ₦1,650, Introduces Credit Support For Airlines

Dangote Petroleum Refinery has reduced the price of aviation fuel (Jet A1) from ₦1,750 to ₦1,650 per litre in a move aimed at easing financial pressure on airlines and stabilising fuel supply across the country. The refinery also introduced a 30-day interest-free credit facility for airline operators and fuel marketers, backed by bank guarantees, alongside […]

Headlines

Dangote Refinery Reduces Petrol Price By ₦100 To ₦1,075 Per Litre

The Dangote Refinery has reduced its ex-gantry price of Premium Motor Spirit (PMS), also known as petrol, to ₦1,075 per litre, representing a ₦100 drop from the previous price of ₦1,175 per litre. The company’s Chief Communications Officer, Anthony Chiejina, confirmed the development, explaining that petrol supplied through coastal distribution channels will now sell at […]

Headlines

Dangote Refinery Raises Petrol Price To ₦1,175/Litre, Diesel To ₦1,620/Litre

Nigeria’s largest refining facility, the Dangote Petroleum Refinery, has increased its ex-depot price for Premium Motor Spirit (PMS), commonly known as petrol, to ₦1,175 per litre, while Automotive Gas Oil (AGO), also known as diesel, now sells at ₦1,620 per litre. The latest adjustment marks the fourth price review in less than two weeks, according […]

Business Headlines National

Why Petrol Pump Prices Dropped Nationwide — Dangote Refinery

The Dangote Petroleum Refinery has clarified that the recent drop in petrol pump prices across the country was driven solely by its internal price adjustment, dismissing speculation that the reduction resulted from a government policy decision. In a statement issued to The Flagship, the refinery explained that the price change was triggered by a 5.6 […]

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