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The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has attributed the recent sharp increase in Liquefied Petroleum Gas (LPG) prices to reduced domestic supply and global market influences. The association's president highlighted issues with product availability and rising international benchmarks impacting local costs.
An ongoing conflict in Iran has led to severe global energy shortages, impacting fuel availability and prices worldwide. While many nations struggle with scarcity, Nigeria's strategic development of the Dangote Refinery offers a buffer against the crisis and signifies a shift towards energy self-sufficiency.
Afreximbank has announced a $2.5 billion commitment within a larger $4 billion syndicated loan to strengthen operations and expand the Dangote Refinery. This financing initiative is crucial for improving the refinery's financial structure and supporting its long-term growth.
Dangote Refinery has rejected rumors about a possible Initial Public Offering (IPO) and requested that investors rely solely on credible and official information. The company emphasized that any relevant updates will only be communicated through formal channels.
In 2025, Nigeria's crude oil exports amounted to N47.4 trillion, with the National Bureau of Statistics reporting a significant reduction in petrol imports to N8.9 trillion. The analysis reveals fluctuating export amounts across the four quarters of the year.
The House of Representatives' Committee on Petroleum Resources warns Nigerians to prepare for potential fuel shortages and increasing prices due to crude supply issues impacting the Dangote refinery's operations.
Following an uptick in global crude oil prices, Dangote Refinery has raised its ex-depot petrol price to N1,175 per litre, reversing an earlier decrease. This adjustment comes as the refinery grapples with surging refining costs.
The Nigerian National Petroleum Company Limited has decreased the petrol price at its outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja, marking reductions of N100 and N95 respectively. This change follows recent adjustments in global oil prices.
Billionaire Aliko Dangote has accused Nigeria's downstream petroleum regulator of still granting petrol import permits, warning that this practice undermines his refinery's capacity to meet national demand and could jeopardise the country's energy security. The claim contrasts with assurances from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The Dangote Petroleum Refinery has raised its petrol gantry price by N121, increasing the ex-depot price to N995 per litre. This adjustment comes in response to rising global crude oil prices and supply disruptions caused by the ongoing conflict involving the United States and Iran.
Escalating tensions in the Strait of Hormuz are driving up Brent crude prices globally, but Nigeria is poised to benefit due to its growing domestic refining capacity, according to Eche Idoko, Publicity Secretary of the Crude Oil Refinery Owners Association of Nigeria (CORAN).
Dangote Petroleum Refinery has increased its ex-depot price for petrol by N100, raising the cost from N774 to N874 per litre. This adjustment is attributed to rising global crude oil prices and increased replacement costs.
Dangote Refinery is set to appoint Stanbic IBTC Capital, First Capital, and Vetiva Capital Management as advisers ahead of its listing on the Nigerian Exchange Limited (NGX). The listing aims to attract domestic and international investors.
Members of the House of Representatives Committee on Petroleum Downstream received accolades for organizing the '2025 Inaugural Annual Downstream Petroleum Week' aimed at addressing Nigeria's energy challenges and advancements. The event highlighted critical issues in the petroleum sector, including the impact of the Dangote Refinery.
The Aliko Dangote Foundation has aided 3,704 students in host communities by providing school uniforms, scholarships, and vocational training programs through its education support initiative.
