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…
Dangote Petroleum Refinery has introduced a significant price reduction for its Premium Motor Spirit (PMS), bringing the price down from N970 to N899.50 per litre. This initiative, described as a “holiday promo,” aims to alleviate transportation costs for Nigerians during the festive period. In a statement released by Anthony Chiejina, Group Chief Branding and Communications…
During a recent conversation on an X (formerly Twitter) space hosted by Nairametrics, Mr. Devakumar Edwin, Vice President of Dangote Industries Limited, shed light on the company’s decision to abandon its plans to construct a 1,200-kilometer subsea gas pipeline. The pipeline was initially intended to transport gas from offshore sources to the Nigerian mainland, where…
Dangote Group Dominates CBN’s Retail Dutch Auction, Secures Over $105 Million in Foreign Exchange for Critical Imports The Dangote Group, a conglomerate led by Africa’s richest man, Aliko Dangote, has emerged as a leading recipient in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN). The Group’s subsidiaries successfully secured a…
This directive aims to ensure the stability of both the pump price of refined fuel and the dollar-naira exchange rate.
Aliko Dangote, the President of the Dangote Group, has raised concerns about the importation of substandard petroleum products into Nigeria, which are then sold to unsuspecting consumers. During a visit to the Dangote Refinery in Lagos State by the leadership of the House of Representatives, including Speaker Tajudeen Abbas and Deputy Speaker Benjamin Kalu, Dangote…
On Thursday, President Bola Tinubu inaugurated the Presidential Economic Coordination Council (PECC), a strategic initiative designed to address Nigeria’s current economic challenges. This council comprises a diverse group of government officials, prominent private sector figures, and expert consultants, highlighting a collaborative approach to economic recovery. The council features notable members, including Aliko Dangote, President of…
Dangote Petroleum Refinery has recently announced another notable reduction in the prices of both diesel and aviation fuel, now offering them at N940 and N980 per litre respectively. This decision follows closely on the heels of their previous reduction to N1,000 just a fortnight ago. The revised price of N940 is applicable to customers purchasing…
