Dangote Refinery

June 23 (THEWILL) — The Securities and Exchange Commission (SEC) has ordered capital market operators to immediately stop all promotional activities linked to a purported initial public offering by Dangote Petroleum Refinery and Petrochemicals FZE, warning that it has...

June 17, (THEWILL) — Petrol prices could decline to about ₦1,200 per litre in the coming days following a fresh reduction in ex-depot prices by the Dangote Petroleum Refinery, marketers have said. The refinery, on Monday, slashed its petrol gantry...

June 16, (THEWILL) — Nigeria’s fuel market is set for another possible round of price adjustments after the Dangote Petroleum Refinery announced a fresh ₦75 per litre reduction in the gantry price of Premium Motor Spirit (PMS), lowering its...

June 11, (THEWILL) — The Dangote Petroleum Refinery has been valued at approximately $39.1 billion as it moves to raise fresh capital from investors through a private placement expected to generate about $1 billion. According to an Information Memorandum seen...

June 04, (THEWILL) — Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility's operational...

May 29 (THEWILL) — Nigeria’s Dangote Refinery has emerged as the world’s largest exporter of jet fuel in April, marking a major milestone for Africa’s biggest refinery amid disruptions in global energy trade triggered by tensions in the Middle...

May 26 (THEWILL) — The Dangote Petroleum Refinery has emerged as a strategic lifeline for Nigeria’s economy, with S&P Global Ratings describing the facility as a critical buffer against growing supply disruptions and geopolitical tensions in the Middle East. In...

May 25 (THEWILL) — The operational expansion of the 650,000-barrels-per-day Dangote Petroleum Refinery & Petrochemicals is significantly reducing Nigeria’s dependence on imported fuel and strengthening the country’s external position, according to the Economist Intelligence Unit (EIU). In its latest assessment...

May 21, (THEWILL) — Africa’s richest man, Aliko Dangote, has revealed that the planned private placement for the Dangote Petroleum Refinery has already attracted close to $2 billion in investor requests ahead of the company’s proposed initial public...

May 19, (THEWILL) — Dangote Petroleum Refinery has reduced the ex-depot price of aviation fuel, also known as Jet A1, from ₦1,750 to ₦1,650 per litre, in a move expected to ease mounting pressure on Nigeria’s aviation industry. The refinery...