President Bola Tinubu has justified his administration’s backing of the Dangote Refinery, warning that Nigeria might have plunged into a serious crisis amid ongoing global tensions without a functioning local refinery. The remarks were made on Thursday on the sidelines of the 13th Africa CEO Forum in Rwanda. Tinubu said the country’s large population … Read more
The cost of goods and services across Nigeria is expected to rise further following a fresh increase in petrol prices after the Dangote Petroleum Refinery raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week. The latest price revision comes hours after The PUNCH … Read more
The Dangote Petroleum Refinery has increased its Premium Motor Spirit gantry price by N101, raising the ex-depot rate from N774 to N875 per litre, heightening concerns over fresh fuel price increases across the country. A senior official at the refinery confirmed the development to The PUNCH on Monday, noting that the adjustment followed recent … Read more
Some members of the National Association of Oduduwa Students, the Coalition of Yoruba Students, and the Yoruba Movement are currently staging a peaceful protest in solidarity with the Dangote Refinery, amid its ongoing faceoff with oil unions, PENGASSAN, NUPENG, and the Depot and Petroleum Products Marketers Association of Nigeria. The protesters, who converged on Tuesday … Read more
Fresh from implementing a ₦15 price reduction in its loading cost for Premium Motor Spirit, also known as petrol, the Dangote Refinery has again slashed its refined product prices to make them cheaper, cutting its ex-depot rate to ₦835 per litre. The new price represents a ₦30 reduction from ₦865 per litre implemented six … Read more
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit to N899.50 per litre, in a bid to offer Nigerians some relief as the holiday season approaches. This was contained in a statement issued by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, on Thursday. The refinery, … Read more
The Dangote Petroleum Refinery has begun the export of refined petroleum products to neighbouring West African countries, a sign to traders that the mega-refinery’s operations could soon potentially shake up regional fuel markets. A report by Bloomberg on Tuesday, quoting data sourced from Vortexa, Kpler, Precise Intelligence, a port report, and ship-tracking platform, said … Read more
The Nigerian National Petroleum Company Limited (NNPC) has confirmed that around 300 trucks have arrived at the Dangote Refinery in Ibeju-Lekki. This milestone sets the stage for the planned commencement of petrol loading, scheduled for Sunday, September 15, 2024. Olufemi Soneye, NNPC’s Chief Corporate Communications Officer, disclosed this development via the social media platform … Read more