The Dangote Petroleum Refinery is planning to pursue a listing on the New York Stock Exchange after completing its planned expansion in 2029, marking a potential move onto one of the world’s largest capital markets. Aliko Dangote, chairman of Dangote Industries Limited, said the refinery would first complete its primary listing in Nigeria before seeking…
Aliko Dangote on Monday sounded the gong at the Nigerian Exchange (NGX), officially opening the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals in one of the biggest milestones in Nigeria’s capital-market history. The historic ceremony took place on September 14, 2026, as investors were given the opportunity to subscribe to shares in…
The Dangote Petroleum Refinery and Petrochemicals has recorded a major financial turnaround, reporting approximately $13.9 billion in revenue and $1.82 billion in profit after tax during the first half of 2026. The figures, contained in the company’s Initial Public Offering (IPO) prospectus, represent a sharp reversal from the refinery’s financial performance in 2025, when it…
Operations at the Dangote Petroleum Refinery have been temporarily halted after the facility suspended the loading of petrol, also known as Premium Motor Spirit (PMS), until further notice. The refinery, located in Lekki, stopped all petrol loading activities on Sunday, March 8, 2026. Tanker drivers who had already lined up at the facility to collect…
Dangote Refinery has announced plans to expand its crude oil processing capacity from 650,000 barrels per day to an impressive 1.4 million barrels per day. Once completed, this expansion will make the Lagos-based refinery the largest in the world, overtaking India’s Jamnagar Refinery. Speaking at a press conference in Lagos on Sunday, Aliko Dangote, President…
The Dangote Refinery and Petrochemicals has officially launched its fleet of Compressed Natural Gas (CNG) trucks, marking the start of nationwide distribution of Premium Motor Spirit (PMS). The move, which kicked off on Monday, is part of the refinery’s strategy to cut costs, improve efficiency, and ensure affordable fuel delivery across Nigeria. The refinery had…
In a bold move set to reshape Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery has announced it will begin free distribution of petrol and diesel nationwide starting August 15, 2025. The Lagos-based mega refinery made this known in a statement on Sunday, highlighting its commitment to easing fuel logistics, supporting economic growth, and boosting accessibility….
In a move that could offer some relief to motorists and oil marketers, the Dangote Petroleum Refinery and Petrochemicals has once again reduced the ex-depot (gantry) price of petrol—this time to ₦835 per litre. This marks the second price slash by the $20 billion Lagos-based refinery in April, reflecting an apparent shift toward more consumer-friendly…
Nigerians could soon face a surge in the prices of premium energy products like diesel and petrol as the Dangote Petroleum Refinery temporarily suspends sales in Naira. In a statement on Wednesday, the $20 billion refinery—located in Lagos—explained that the move was necessary to avoid financial misalignment. “This decision is necessary to avoid a mismatch…
Dangote refinery and Ardova Plc, one of the nation’s leading integrated downstream oil and gas companies formalized a bulk purchase agreement. This collaboration underscores a shared commitment to enhancing supply security and delivering cost-effective solutions to consumers across the country. This was made known through a statement by Grant Onome, Ardova Plc’s Head of Brands…
