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An opinion piece argues that the ongoing dispute surrounding the Dangote Refinery transcends a mere business disagreement, instead reflecting deeper issues about Nigeria's inherited economic model and future direction.
Billionaire tycoon Femi Otedola stated that the proceeds from the sale of his Geregu Power Plant stake were invested in Dangote Refinery ahead of its planned public offering.
The Nigerian National Petroleum Company (NNPC) has accused Dangote Refinery of attempting to establish a fuel monopoly. This accusation was made in a court filing by the NNPC.
Femi Otedola has divested his stake in Geregu Power, announcing his intention to invest in the upcoming Dangote Refinery IPO. He described the refinery project as transformative for Africa’s economy.
South African investors are reportedly expressing interest in acquiring stakes in Nigeria's Dangote refinery. This potential investment highlights growing cross-border business interest in the massive industrial complex.
The Dangote refinery has announced a reduction in the price of aviation fuel, setting it at N1,650 per litre.
Aliko Dangote stated that African nations aim to avoid dependence on external sources for fertilizers, especially in light of the Hormuz blockade.
Dangote is reportedly seeking regional partnerships to support its ambitious $17 billion oil refinery project, aiming to strengthen its presence and operations.
Aliko Dangote stated that African nations aim to avoid dependence on external sources for fertilizers, particularly in light of potential blockades in the Strait of Hormuz. This assurance comes as concerns rise over global supply chain vulnerabilities.
Various reports from Nigeria detail incidents of police misconduct, high-profile fraud cases, legal disputes, and government policy decisions. These events collectively highlight ongoing challenges in law enforcement, financial integrity, and public administration across the nation.
Following his interactions with Chinese President Xi Jinping, Donald Trump commented on a range of topics including trade deals, Iran's nuclear program, Taiwan arms sales, and the unlikely release of Hong Kong media mogul Jimmy Lai. He also reflected on the overall dynamic and potential for lifting sanctions related to Iranian oil.
Nigeria's National Pension Commission (PenCom) has issued a special regulatory waiver, allowing Pension Fund Administrators (PFAs) to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals.
Aliko Dangote disclosed that a 'mafia' actively worked to obstruct the development of the $20 billion Dangote Petroleum Refinery, describing the challenge as akin to 'swimming across the ocean'.
Nigeria has seen a reduction in its petrol and crude imports as local refineries, including the Dangote refinery, have significantly increased their production. This shift indicates a growing reliance on domestic refining capacity.
Over 100 people have reportedly died following a military airstrike in Nigeria. This incident is a significant development amidst other national news, including government plans for housing and education, and political discussions.
During an Africa summit in Nairobi, French President Emmanuel Macron announced significant investments and backed the restitution of colonial artifacts. He also publicly reprimanded noisy attendees for a "total lack of respect" during his speech.
Dangote Refinery has exported 57 million barrels of jet fuel, highlighting Nigeria's increasing refining capacity, even as domestic airlines struggle with high aviation fuel prices.
Aliko Dangote’s Group is reportedly looking to issue more dollar bonds to secure funding for its ongoing growth and expansion initiatives.
Dangote Refinery initially announced a petrol price hike to ₦1,350 per litre, then denied an increase in its ex-depot price, before reportedly reversing the price to ₦1,275.
Femi Otedola has publicly debunked rumors suggesting his involvement in funding the Dangote Refinery project.
Aliko Dangote, Africa's richest man, is revolutionizing Nigeria's economy with his mega-refinery, which is now overwhelmed with orders, a situation further fueled by the ongoing crisis in Iran.
The Dangote Group has strongly refuted viral claims about a rift with Tony Elumelu, labeling the reports as false and misleading.
Dangote Refinery has recalled engineers who were previously sacked or redeployed following a face-off with a union. The company also issued a warning against any future misconduct.
Aliko Dangote, Africa's richest man, has seen his wealth grow by nearly $4 billion this year, further solidifying his position.
Gaolathe has engaged in discussions with Dangote, though the specific details of their meeting were not immediately clear.
Nigeria is facing a severe jet fuel crisis, leading the federal government to seek a 30-day credit window for local airlines. This situation, while challenging for domestic carriers, is noted to be a potential benefit for companies like Dangote.
Nasarawa State in Nigeria is actively engaging the Dangote Group to expand its industrial investments, leveraging the state's mineral resources to create jobs and stimulate economic growth.
The expansion of the Dangote refinery, including a planned 1.4 million barrels per day increase, is projected to create 95,000 new jobs.
The Dangote Refinery has been recognized for its crucial role in stabilizing Africa's energy sector. It is described as an essential 'energy shock absorber and lifeline' for the continent.
Nigerian billionaire Aliko Dangote has issued a warning about the potential for artificial intelligence to significantly disrupt the engineering sector, predicting it could replace human engineers and phase out traditional design systems.
Kenya, Tanzania, and neighboring countries are in discussions regarding the establishment of a joint oil refinery, with Nigerian billionaire Aliko Dangote reportedly offering to construct the facility.
Nigerian billionaire Aliko Dangote has expressed intentions to construct another mega-refinery in Nigeria, further expanding his investments in the hydrocarbons sector.
Suspects accused in an alleged coup plot have pleaded not guilty and were subsequently remanded in the custody of the Department of State Services. This development follows ongoing investigations into the alleged plot.
The Dangote refinery is moving towards crude production, as its upstream project has recorded its first output, a development expected to strengthen crude supply to its 650,000 barrels-per-day refinery and deepen vertical integration.
Dangote Sugar Refinery is planning a N500 billion rights issue, which requires regulatory approval. The terms and timing of the offer will be determined by the company's board of directors.
Nigerian soldiers have arrested 15 suspected oil thieves near the Dangote Refinery's discharge point. The arrests are part of ongoing efforts to combat illegal oil bunkering in the region.
Dangote Industries will feature its flagship Dangote Refinery at the 2026 Nasarawa Trade Fair, highlighting its Vision 2030 for industrialisation. Read More:…
Dangote Sugar Refinery Plc shareholders have approved a N500 billion Rights Issue, aimed at strengthening the company's financial standing, expanding its capital base, and accelerating strategic expansion initiatives.
The US Senate voted down measures seeking to block arms sales to Israel and to rein in President Trump's war powers regarding Iran, with most Democrats supporting the efforts to halt the arms sales.
Nigeria's petrol imports significantly increased by 97% in March, according to the NMDPRA, despite growing local supply from refineries like Dangote.
The Nigerian Army has justified a precision airstrike in Jilli village, Borno State, claiming it targeted a terrorist hub, despite reports of civilian deaths. Survivors have since recounted their ordeal, stating they were legitimate animal traders at Jilli market when the attack occurred, while Amnesty International condemned the incident.
Ms Otabor passed away on August 31, 2025, due to complications from injuries sustained in a road accident involving a Dangote truck near Auchi Polytechnic on August 13.
Former Nigerian Vice President Atiku Abubakar celebrated Aliko Dangote's birthday, commending his significant impact on Nigeria's private sector and economic development.
National advisory prices for diesel are expected to fall by nearly 7 cents and gasoline by about 3 cents in the Netherlands. Despite the drop, the decline is not directly proportional to the decrease in oil prices.
Dangote Petroleum Refinery & Petrochemicals has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market.
Nigerian conglomerate Dangote has significantly increased its fuel deliveries across various African nations, bolstering energy supply in the region.
Nigeria's Dangote refinery, Africa's largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko Dangote said on Monday.
Nigeria's Dangote refinery is increasing its exports to help alleviate Africa's fuel supply crunch, marking a significant step in regional energy independence.
NNPC Limited had planned to increase crude oil allocation to the Dangote Petroleum Refinery to seven cargoes in May 2026; however, officials at Dangote Refinery are disputing these reports, stating their actual allocation from NNPC is lower.
Nigeria's NNPC has announced plans to increase crude oil allocation to the Dangote Refinery to seven cargoes in May 2026, up from the current five. This move is intended to support the refinery's operational capacity.
The Ghanaian government has stated that ongoing discussions with the Dangote Refinery for fuel supply have not yet reached the implementation stage, with no specific timeline announced.
Nigeria, an oil-producing nation, is experiencing record-high gasoline prices, as the Dangote Petroleum Refinery's maximum output has failed to insulate the country from the energy market impacts of the Middle East war.
Despite domestic refining capacity, Dangote Refinery indicates that global factors are affecting the expected cushioning effect of its operations, contributing to the persistently high retail petrol prices across Nigeria.
The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, disclosed that the 650,000 barrels-per-day refinery currently receives only about five crude oil cargoes per month, significantly below its designed supply capacity.
Nigerian businessman Aliko Dangote met with President Bola Tinubu in Lagos, discussing his UK visit and warning that the Middle East crisis could raise oil prices and force Nigerians into work-from-home scenarios, similar to the COVID-19 pandemic. He voiced strong concerns about the ripple effects of fluctuating global oil prices on African economies.
Dangote has begun shipping fuel to five different nations after its refinery reached full operational capacity, marking a significant milestone in its production and distribution capabilities.
Nigeria's Dangote refinery could increase jet fuel exports to Europe, as disruptions in the Middle East, including the effective closure of the Strait of Hormuz, have cut off a significant portion of global seaborne supplies.
The Dangote petrol price has been hiked for the fifth time in March, reaching N1,275 per litre.
The Dangote Petroleum Refinery in Nigeria has announced a new hike in its ex-depot rate for petrol, raising it to N1,245 per litre, citing global geopolitical tensions as the reason.
Germany Weighs Windfall Tax as Iran War Drives Price Surge Bloomberg.com
Samsung C&T, the construction and trading arm of Samsung Group, has secured a $3 billion deal from Reliance Industries of India to purchase green ammonia, further solidifying India's position as an emerging exporter of green fuels.
Nigeria has paused issuing petrol import licences due to the new Dangote Refinery. But with high costs, will this move affect Nigeria petrol prices? Read More: https://punchng.com/so-this-happened-ep-381-nigeria-pauses-petrol-import-licences-as-dangote-refinery-boosts-supply/
The Dangote refinery is playing a crucial role in ensuring a consistent local oil supply for Nigeria, contributing to the nation's energy independence. Seneweb further emphasizes that the refinery is actively ensuring local oil supply for Nigeria.
The refinery has also temporarily suspended loading operations to reconcile stock levels and align with the updated pricing framework, further disrupting supply activities at the depot level. The post Dangote Refinery hikes petrol price to N1,175 per litre as crude oil surges to $100 appeared first on Vanguard News.
Experts raise alarms over monopoly risks as the Dangote refinery dominates Nigeria’s N14.4tn petrol market, urging price regulation and competition. Read More: https://punchng.com/monopoly-fears-rise-as-dangote-controls-n14-4tn-petrol-market/
The management of Dangote Petroleum Refinery has said the latest price reduction was to reduce the sufferings of Nigerians. The post Price reduction to ease burden on consumers — Dangote Refinery…
The Dangote refinery now supplies 92% of Nigeria's petrol, leading the federal government to halt fuel imports and significantly impact domestic supply dynamics.
The Niger State Government is inviting the Dangote Group and other private investors to explore crude oil opportunities in the Bida Basin, aiming to develop the region's oil potential.
Femi Otedola asserted that Dangote refinery and fertilizer projects have significantly transformed Nigeria’s industrial landscape, reducing the country's dependence on imports.
The private placement for Dangote's Refinery has reportedly drawn $2 billion in demand from investors.
Nigerian billionaire Femi Otedola has announced a $100 million investment in the Dangote Petroleum Refinery through a private placement. This significant capital injection comes as the refinery's initial public offering attracts strong investor interest.
General Yakubu Gowon's autobiography was unveiled, featuring significant donations of N3 billion from General T.Y. Danjuma and N500 million from Aliko Dangote. During the event, Bishop Kukah also recounted how Danjuma intervened to save Gowon's land in Abuja from revocation by El-Rufai.
Fuel marketers in Nigeria are pushing back against a lawsuit initiated by Dangote Petroleum Refinery. The lawsuit seeks to invalidate existing import licences, sparking a dispute within the country's petroleum sector.
Hormuz blockade: Africans do not want to "depend on anyone" for their fertilizers, assures Aliko Dangote Seneweb
The Dangote fertilizer project located in Ethiopia's Somali region is reportedly expanding, with its value now exceeding $4 billion.
The Niger Chamber of Commerce lauded Dangote’s Pan-African investment expansion, recognizing the group as a transformative force in Africa’s economic renaissance.
The Trump administration is reportedly preparing to seek a criminal indictment against former Cuban President Raúl Castro, according to sources. This move is seen as part of increased pressure on Cuba.
Africa's richest man, Aliko Dangote, attributes China's dominance in Africa's business landscape to Western countries' failure to provide necessary financing for large-scale industrial projects.
Former Ondo State Governor Olusegun Mimiko has officially joined the All Progressives Congress (APC). He declared his support for President Tinubu's re-election bid and praised his administration's reforms.
The Dangote refinery in Nigeria serves as an example of Africa's potential for transformative industrialization, with the African Continental Free Trade Area (AfCFTA) aiming to replicate such successes across the continent to bolster economic resilience against global shocks.
Indian Prime Minister Narendra Modi's appeal for austerity and wise spending, particularly regarding fuel consumption, has led to various officials, including Gujarat ministers, reducing their convoys and adopting more frugal practices. This initiative comes amidst broader economic considerations and a regional fuel crisis impacting services like Air India.
Nigeria, Africa's largest oil producer, is facing a severe energy crisis characterized by unreliable electricity and expensive fuel, stemming from decades of refinery neglect. The situation is further exacerbated by global crude benchmarks and the closure of the Strait of Hormuz, despite the new Dangote plant.
French President Emmanuel Macron is visiting Kenya for an Africa summit, aiming to forge new partnerships and redefine France's role on the continent. The visit includes discussions on economic cooperation and comes as France adopts a law for the restitution of art stolen from former colonies.
Dangote Petroleum Refinery and Petrochemicals Limited has clarified that its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, remains unchanged, dismissing earlier speculation of an increase.
Airlines worldwide are facing significant challenges due to rising jet fuel prices, with US carriers seeing doubled fuel bills and Croatia Airlines canceling hundreds of flights. Governments are also addressing concerns about potential kerosene shortages.
Dangote Petroleum Refinery and Petrochemicals Limited has announced that the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, remains unchanged and has not been adjusted.
Femi Otedola and Aliko Dangote have both publicly refuted claims that Otedola funded the Dangote refinery and denied any rift between Dangote and Tony Elumelu. They clarified that no funding was requested from Elumelu, Adenuga, or Otedola for the refinery project.
Dangote Refinery has commenced direct sales of jet fuel to airlines at N1,820/litre, aiming to stabilize Nigeria’s aviation sector amidst rising costs. This move is expected to alleviate financial pressures on airlines.
The Dangote refinery has significantly reduced fuel imports and conserved foreign exchange, prompting a discussion on the lessons Kenya could learn from its success.
Donald Trump is facing a critical deadline regarding potential strikes on Iran, with reports indicating he will be briefed on military options. The situation has led to an impasse, with analysts suggesting Trump is more likely to continue a 'game of chicken' than launch an attack.
Dangote's planned refinery in Tanga is being viewed as a significant economic game-changer for the region, promising substantial impact.
Dangote Refinery has raised its petrol price by N75 to N1,275 per litre, sparking concerns about a potential nationwide fuel price hike and disrupting product sales.
The Managing Director of Dangote Refinery has highlighted the significant true cost of solar power, emphasizing expenses for backup systems, reliability, and full life cycle management.
An analysis of Nigeria’s economic policy, its resistance to IMF and World Bank loans, and the strategic importance of the Dangote Refinery for growth. Read More:…
Governor Sule of Nasarawa State has sought increased investments from Dangote Industries in the state during a trade fair. The request aims to boost economic development in Nasarawa.
The Dangote refinery is now operating at full capacity, a development that has transformed Nigeria into a net exporter of fuel.
A significant breakthrough by Dangote is being highlighted as an opportunity that must be leveraged to unite Africa.
Stakeholders anticipate that the Dangote-Honeywell petrochemical deal will significantly enhance Nigeria's economy by fostering local petrochemical production, thereby reducing imports and conserving foreign exchange.
Nigerian billionaire Aliko Dangote has expressed intentions to construct another mega-refinery in Nigeria, further expanding his investments in the country's hydrocarbon sector.
Nigeria's Dangote oil refinery has partnered with Honeywell to utilize its technology, aiming to increase the production of petrochemicals used in plastics and detergents.
Nigeria, a major oil producer, has imported 61.7 million barrels of US crude oil since 2024 to supply its Dangote refinery, highlighting a paradox in its energy sector.
Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate domestic feedstock supply.
Dangote Group announced plans for a 2026 Pan-African IPO to sell a 10% stake in its $20 billion refinery, aiming to attract further investment.
Dangote Group intends to sell approximately 10% of its refinery through an initial public offering (IPO) targeting investors across the African continent.
The Dangote Group has issued a rebuttal against claims circulating on social media that the Tinubu government earns revenue from every bag of cement sold, amidst a rise in misinformation and AI-generated content.
The Governor of Kaduna State, Sani, assured the management of Dangote Peugeot Automobiles Nigeria (DPAN) of his administration's support and an investment-friendly environment during a courtesy call.
Former Nigerian oil minister Diezani Alison-Madueke has categorically denied all corruption charges in her UK trial, stating in court that she never asked for, took, or received any bribes and did not abuse her office.
Dangote has announced its decision to prioritize the local Nigerian market for fuel distribution. This measure aims to prevent potential fuel shortages within the country.
Nigeria's Minister of Works, David Umahi, extended felicitations to business mogul Aliko Dangote on his 69th birthday, commending his business acumen and industrial impact.
An open letter from Sujimoto to President Tinubu, titled "One Dangote Is Not Enough!", has ignited a national debate in Nigeria. The letter advocates for a strategy to create more industrial champions to boost the nation's economy.
Honeywell has announced it will supply digital services and training to the Dangote Petroleum refinery, supporting the operational capabilities of the major Nigerian facility.
Nigerian conglomerate Dangote has announced an increase in its fuel deliveries across the African continent. This move aims to bolster energy supply in various regions.
Aliko Dangote has transferred a 10% ownership stake in his cement subsidiary to the Senegalese government. This move clarifies the reasons behind the significant business transaction.
Nigerian billionaire Aliko Dangote highlights business strategies and opportunities that many entrepreneurs tend to overlook, offering insights into wealth creation and successful ventures.
Despite a local naira-for-crude arrangement, Dangote Petroleum Refinery has announced plans to import 13.62 million barrels of crude oil.
Nigeria has launched the National Community Food Bank Programme, securing over N66bn in pledges from government, Dangote, and other stakeholders to combat malnutrition across the country.
The African Export-Import Bank has underwritten $2.5 billion of a $4 billion senior syndicated term loan for the Dangote Petroleum Refinery and Petrochemicals, reinforcing the project's financial position and demonstrating strong investor confidence.
Nigeria has increased its allocation of crude oil cargoes to the Dangote refinery for the month of May, boosting the facility's supply.
Iran has issued strong warnings against a potential US ground invasion, threatening severe retaliation, while stating its forces are 'waiting' as more US troops arrive in the region. This comes amidst ongoing US-Iran peace talks and CENTCOM reporting over 11,000 targets struck.
Former President Trump has reiterated his rejection of a ceasefire with Iran, asserting that Iran desires a deal but fears its own people and the US. Meanwhile, oil prices continue to climb past $100, driven by lingering risks of a prolonged US-Iran war, impacting global powers as Trump and Xi pursue energy dominance, with Europe particularly vulnerable.
The Middle East conflict continues to cause significant volatility in global energy markets and broader economic slowdowns. Western powers are struggling to secure shipping in the Red Sea, and the Strait of Hormuz remains a treacherous battleground, with Iran setting new conditions for passage, banning US, Israel, and their allies. Oil prices have fluctuated as Iran stated 'non-hostile' ships can pass, though vessel transits remain significantly reduced.
Nigerian households are facing increased cooking gas prices, reaching N1,000/kg, after the Dangote refinery adjusted its prices amidst rising logistics costs.
Dangote Refinery has exported 456,000 tonnes of refined petroleum products to five African nations, significantly bolstering regional energy security and reshaping Africa’s fuel supply chain.
Explore the deep-rooted faith and spiritual lives of Nigeria’s billionaires like Dangote and Rabiu, especially during the Eid season. Read More:…
Amid Middle East disruptions, African nations like South Africa are looking to the Dangote refinery for fuel supply, prioritizing energy security. Read More:…
South Africa and other African nations seek a fuel deal with the Dangote refinery to secure supplies amid disruptions from the global energy crisis. Read More:…
Nigeria's CBN reports Dangote refinery imported $3.74bn crude in 2025, reshaping the country’s oil trade. Concurrently, NNPC is boosting crude oil supply to the refinery to stabilize fuel availability amid global price surges.
A Chinese company is reportedly set to supply natural gas to the Dangote Ethiopia fertilizer project, as confirmed by Addis Standard, indicating a significant energy partnership for the industrial venture.
Nigeria: Dangote "prioritizes" the local market to avoid fuel shortages
By Theodore Opara The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to prioritise the direct supply of crude oil to domestic refineries, particularly the Dangote Refinery, as part of urgent measures to mitigate the rising cost of petrol linked to the ongoing crisis in the Middle East. The association made […] The post NAJA appeals to FG to guarantee crude oil supply to local Refineries to curb rising fuel prices appeared first on Vanguard News.
The National Restaurant Association of India (NRAI) has warned of potential catastrophic closures for restaurants due to the West Asia crisis impacting LPG supply, with the Delhi government now assuring normal LPG supply and no shortage amid these concerns.
![Nigerian newspapers review: [M-East war] Despite Dangote refinery’s price cut, petrol is still N1,300 per litre](https://wsrv.nl/?url=https%3A%2F%2Fcdn.vanguardngr.com%2Fwp-content%2Fuploads%2F2020%2F09%2FFuel-price-1024x586.png&w=828&q=75&output=webp&default=1)
Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war] Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.
Many transporters and commuters have lamented their ordeals, and called on the Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to intervene and compel oil marketers to adjust pump…
MANILA, Philippines — The Philippine National Police – Highway Patrol Group (PNP -HPG) ordered its patrol officers to save on fuel amid looming price hikes triggered by escalating tensions in the…
Femi Otedola is set to invest $100 million in the Dangote Refinery, further strengthening his long-standing business and personal relationship with Aliko Dangote.
The Dangote refinery has been credited with powering Nigeria to its first credit upgrade in 14 years, signaling a positive economic impact for the nation.
Nigerian billionaire Femi Otedola has reportedly staked $100 million in the Dangote Refinery, as investor demand for the project has exceeded $2 billion.
Nigerian aviation authorities have announced additional health screening measures and enhanced Ebola surveillance at airports. This move comes amidst global concerns over the spread of the deadly virus, aiming to prevent its entry and protect public health.
Dangote Refinery cuts aviation fuel price to N1,650 per litre The Guardian Nigeria News
Aliko Dangote has drawn attention to a significant port shortage in West and Central Africa, advocating for private investment to enhance logistical resilience and efficiency in the region.
Nigerian financial institutions are racing to meet a new CBN cybersecurity standard, while the Securities and Exchange Commission warns citizens against a rise in Ponzi schemes on social media. These efforts are part of broader regulatory oversight in the country's financial sector.
Aliko Dangote, President of the Dangote Group, reaffirmed his commitment to enhancing food security across Africa. He plans to achieve this through significant investments in large-scale fertiliser production, stating that the continent has the potential to be self-sufficient in food.
Nigerian political parties, including the APC, conducted primaries and announced candidates for upcoming elections, with some members winning tickets while others faced disqualification or defection. The Independent National Electoral Commission (INEC) also received a presidential candidate.
Aliko Dangote has disclosed that a "mafia" actively worked to frustrate the development of the $20 billion Dangote Petroleum Refinery, while also discussing the impact of the Middle East crisis on demand and the company's expansion plans.
Aliko Dangote has opposed NNPC Limited's attempt to increase its stake in the $20 billion Dangote Petroleum Refinery, emphasizing a strategy to broaden ownership and attract more investors.
Nigerian billionaire Aliko Dangote has explained his reasons for ultimately deciding against purchasing Arsenal Football Club. He elaborated on the factors that led him to walk away from the potential acquisition.
Aliko Dangote has reportedly rejected an offer from the Nigerian National Petroleum Company (NNPC) to increase its stake in his refinery. Dangote confirmed his decision regarding the proposed equity increase.
Dangote Industries has announced a partnership with Niger State in Nigeria to boost industrialization and rice production, aiming to create jobs and enhance food sufficiency in the region.
Aliko Dangote's petroleum refinery is targeting a $50 billion valuation before its planned stock market listing on multiple African exchanges later this year.
Russian President Vladimir Putin stated his belief that the conflict in Ukraine is "coming to an end," a declaration made during a period that also saw him meet with Slovak Prime Minister Robert Fico and offer a conditional meeting with Ukrainian President Zelensky.
Aliko Dangote, Africa's wealthiest individual, intends to list his cement business on the London stock exchange, a decision influenced by recent rule changes aimed at encouraging UK listings.
The Nigerian Senate has cleared Enikanolaiye and Tegbe as new ministers, among other government and economic developments in the country. This comes as various sectors, including power distribution and aviation, address ongoing challenges and disputes.
Dangote Cement Plc announced a strong performance in Q1 2026, with cement and clinker exports from Nigeria growing by 71.6 percent, bringing the group's total installed production capacity to 55 million tonnes per annum.
Three individuals have been arrested for allegedly spreading false news regarding the divorce of Nigerian businessman Tony Elumelu from his wife, Awele. The arrests followed widespread claims that circulated about their marital status, which Elumelu's camp denied.
During the Nasarawa Trade Fair, the Dangote Group reiterated its commitment to creating more employment opportunities, aiming to boost economic development in the region.
Spirit Airlines has ceased operations and canceled all its flights, leading to chaos for passengers and job losses for 17,000 employees. Other airlines and the US government are providing assistance for rebooking and support for affected travelers and workers.
Presidents in Nigeria and Slovakia have announced significant appointments, with Nigeria's Tinubu naming a new NMDPRA chief and Slovakia's president appointing Miroslav Lorinec as the new Chief of the General Staff of the Armed Forces.
Dangote Refinery has commenced direct delivery of jet fuel to international customers, including Ethiopian Airlines, exporting its surplus to African and global markets.
The CEO of Dangote Refinery advocates for the closure of older, inefficient refineries to promote modern systems, enhance energy efficiency, and benefit the environment.
A Dangote refinery official has revealed that petrol and diesel are currently subsidized in Nigeria. This measure aims to mitigate the impact of rising global crude prices on the local market.
Nigeria's Accord Party has publicly denied reports of its support for a joint presidential ticket, demanding its name be removed from any such endorsements. This political development comes amidst various other domestic news stories across Nigeria, including crime arrests and public health initiatives.
The Saudi ambassador to Nigeria met with Aliko Dangote to discuss deepening economic cooperation and partnership between Saudi Arabia and Nigeria.
Kenyan President William Ruto credited the Dangote refinery in Nigeria as a key solution to decades of fuel scarcity, highlighting it as an example of African-led solutions.
Nigerian billionaire Aliko Dangote has announced plans to construct another mega-refinery in Nigeria, further expanding his significant investments in the country's hydrocarbon sector.
Dangote Group is planning a significant refinery expansion in East Africa, including a partnership with Kenya and Uganda to build a new refinery in Tanzania. This project aims to boost regional refining capacity.
Aliko Dangote has announced plans to build an oil refinery in East Africa, mirroring the scale of his facility in Nigeria. This commitment is contingent on specific conditions being met.
NNPC crude supply to the Dangote refinery topped 1 million metric tonnes in April, with eight major shipments bolstering Nigeria’s domestic refining capacity.
Honeywell has been selected to provide petrochemical technology for the expansion of Dangote's operations in Nigeria.
The Dangote Refinery has enabled Nigeria to become a net exporter of petrol, marking a significant shift for the country which has historically imported refined products despite being a major crude oil producer.
European countries face a looming jet fuel shortage, with warnings that supplies could last only six weeks, prompting airlines to cancel flights and reduce capacity.
The United States and Iran are engaged in ongoing diplomatic discussions, with hopes for a potential peace deal or ceasefire growing. These talks involve mediators like Pakistan and address various issues, including Iran's request for the unfreezing of its assets.
TIME Magazine has released its annual list of the 100 most influential people, featuring a diverse group of individuals from politics, entertainment, and business. Notable figures like Blackpink's Jennie, President Sheinbaum, and Mette Frederiksen were recognized for their impact.
Nigeria's fuel imports saw a significant 97% surge in March, even as local supply from the Dangote refinery increased, highlighting complex dynamics in the country's fuel market.
Nigeria, Africa's largest oil producer, has become a net exporter of refined petroleum products, a historic shift driven by the operations of the Dangote Refinery.
Billionaire Femi Otedola shares a warm tribute to Aliko Dangote on his birthday, calling him his ‘bestie’ and Africa’s greatest entrepreneur. Read More:…
Nigerian President Bola Tinubu has unveiled the Renewed Hope Enterprise Bridge Initiative, a new digital platform designed to foster connections between policymakers and entrepreneurs for more responsive governance.
The Nigerian government has awarded a N3.8bn contract for a 2MW solar mini-grid at Aliko Dangote University, aiming to improve electricity supply on the campus.
Afreximbank is supporting the Dangote Group as it targets $100 billion in annual revenue by 2030, a goal that will require an estimated $40 billion in new investments to achieve its continental ambitions.
Guten Morgen am 8. April 2026. Hier sind die wichtigsten Nachrichten zum Start in den Tag.
Dangote has announced that the supply of Nigerian crude oil to its refinery doubled in March, indicating a significant increase in domestic sourcing for its operations. This development suggests improved local supply chain efficiency for the major refinery.
Nigeria's Dangote refinery is increasing its export capacity to help alleviate the ongoing fuel supply shortages across the African continent.
The Nigerian Federal Government, state governors, and major corporations including Dangote and NNPCL have committed N65 billion to establish a national food bank.
The Nigerian Federal Government, First Lady, NGF, Dangote Group, NNPC, and the Emeka Foundation have collectively donated ₦65 billion to the Community Food Bank Trust Fund.
The Nigerian National Petroleum Company (NNPC) is increasing its allocation of crude cargoes to the Dangote oil refinery for May, providing seven cargoes compared to five in previous months, amidst rising fuel prices.
The Dangote refinery in Nigeria is now ensuring a consistent local supply of oil, marking a significant development for the nation's energy independence.
The Dangote Refinery has announced a reduction in its petrol gantry price to N1,200, as disclosed in a statement shared on Thursday night.
The Dangote refinery is receiving only five of an expected 15 monthly crude cargoes, forcing the facility to purchase oil from international markets, according to CEO David Bird.
Nigeria's Dangote mega-refinery has significantly stepped up fuel exports across Africa, gaining leverage as global oil prices soar and the ongoing Middle East war disrupts traditional fuel supply routes, curbing cheap imports.
Dangote warned that prolonged tensions could trigger higher fuel prices, rising transport costs, inflationary pressures, and widespread hardship across African economies. The post Nigeria will pay…
Nigeria faces another petrol price hike as the Dangote refinery raises its ex-depot price for the fifth time, pushing pump prices to N1,332 per litre. Read More:…
A morning news roundup from Nigeria highlights the sexual assault of women during a Delta festival, Dangote's fifth petrol price hike in March, and implications of a UK pact.
COTABATO CITY — The Ministry of Environment, Natural Resources and Energy (MENRE) in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) said its monitors have not reported any instances of…
India's booming automotive industry faces a significant threat as the Iran-Israel war disrupts gas supplies and strains global supply chains.
Amid an oil crisis potentially triggered by the war in Iran, the Dangote Refinery's operational status and its potential to mitigate Nigeria's fuel challenges are being critically examined.
Dangote secures $4.2bn gas supply deal with China’s GCL to power Ethiopia fertilizer megaproject Addis Standard
Nigeria: Dangote refinery ensures local oil supply
The International Energy Agency on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spike in global crude prices since the start of the US-Israeli war with Iran, with the US contributing the bulk of the supply.
The Muslim Rights Concern (MURIC) has urged the Nigerian government to ensure a 100% crude supply to the Dangote Refinery to boost local production and achieve energy self-sustainability for the nation.
Vanguard also reports that a Nigerian was among 122 people injured after Iran launched missile attacks on the United Arab Emirates, with casualties occurring during interceptions by the country’s air-defence systems. The post Nigerian newspapers review: [M-East war] Despite Dangote refinery’s price cut, petrol is still N1,300 per litre appeared first on Vanguard News.
The Dangote Petroleum Refinery ,yesterday, reduced its ex-gantry petrol price by N100 per litre to N1,075 per litre from N1,175 per litre, following a drop in crude oil price to $88 per barrel from $110 per barrel. The post Middle-East war: Dangote reduces gantry price to N1,075 as crude drops to $88 per barrel appeared first on Vanguard News.