The President of Dangote Group, Aliko Dangote, has disclosed that the conglomerate has invested over $700m in sugar production, in order to end raw sugar importation into the country.

By Udeme Akpan, Energy Editor Dangote Petroleum Refinery & Petrochemicals has reduced the gantry price of its diesel by 5 per cent to N1, 020 per litre, from N1,075 per litre in order to impact the lives of customers and Nigerians. Since it began diesel production in January 2024, the refinery has reduced the price […]

By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), also known as petrol to N890 per litre, from N950 per litre, effective from Saturday, February 1, 2025. The price of crude oil, including Nigeria’s Bonny Light, a major feedstock, dropped to $75.67 per barrel, from […]

By Udeme Akpan Dangote Petroleum Refinery has announced an upward review of its Premium Motor Spirit (PMS) prices, commonly referred to as petrol, in response to escalating global crude oil prices. The refinery announced the new pricing structure in a statement released on Friday, setting the new bulk purchase rate at N955 per litre for […]

The bulk purchase agreement incentive by Ardova and Heyden came on the heels of a drop in the pump price

“Gasoline production in Nigeria, a country that has relied heavily on imports, will most likely continue to free up gasoline volumes in international markets”

Former President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote.

By Udeme Akpan, Obas Esiedesa & Samuel Oyadongha Independent Petroleum Marketers Association of Nigeria, IPMAN, has attributed the fierce competition between Nigeria’s two refineries owned by Dangote and NNPC Limited for the recent drop in the pump price of premium motor spirit, PMS, also known as petrol. Checks by Vanguard yesterday showed that most petrol […]

Independent Petroleum Marketers Association of Nigeria, IPMAN, has observed that fierce competition between Nigeria’s two refineries owned by Dangote and NNPC Limited is responsible for the recent drop in the pump price of premium motor spirit also known as petrol in the country.

The Petroleum Products Retail outlets Owners Association of Nigeria, PETROAN, on Friday assured consumers that the coming on stream of the Dangote Refinery and the NNPC Limited owned Port Harcourt refinery would ensure easy flow of petrol during the Yuletide season.

“There is no refinery where you open a tap and rinse out the gasoline so that it will not blend. There is no crime committed when you blend in a refinery”

THE Vice President of Crude Oil at Argus Media, Mr. James Gooder, said the commencement of operations in Dangote Petroleum Refinery, Port Harcourt Refinery and others has culminated in increased transparency and market competition.

By Udeme Akpan, Energy Editor THE major oil marketers have sourced 148,463,142 litres of Premium Motor Spirit, PMS, also known as petrol from the Dangote Petroleum Refinery following increased domestic availability. The oil marketers, members of the Major Energy Marketers Association of Nigeria (MEMAN), bought the product from the Dangote Refinery within 10 weeks (September […]

The Christian Youth Forum (CYF) has praised the Dangote Group for reducing the price of Premium Motor Spirit (PMS) from N990 to N970 per litre, describing the move as a much-needed relief for Nigerians during the Christmas season.

THE Dangote Petroleum Refinery has started exporting petroleum products to West African countries.