Dangote Refinery

The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand payment in dollars. Dangote says inadequate crude supplied under the naira-for-crude initiative has forced it...

August 02, (THEWILL) — As worries increase regarding the persistent issues surrounding Nigeria's expensive inactive refineries situated in Port Harcourt, Warri, and Kaduna, the situation appears to have worsened with the advent of Dangote Refinery, which could change the...

Dangote Petroleum Refinery has completed a $2.5 billion private placement, one of the largest corporate fundraising deals by an African company, as it prepares for the next phase of its expansion. The offer was oversubscribed by 3.7 times,...

Nigeria's crude production soared to a 74-month high of 1.56 million barrels per day in June 2026. Stable pipelines and operational efficiency pushed output to 104% of Nigeria's official OPEC quota. Despite the massive boom, local refineries are...

Dangote Refinery has ended naira-denominated sales of petrol, diesel and aviation fuel, introducing a new dollar-based pricing template for marketers purchasing refined products. The switch reflects a growing mismatch between dollar-priced crude purchases and naira-priced product sales, with...

July 5 (THEWILL) — Capital market specialists have linked the significant drop in the Nigerian equities market at the conclusion of Q2 2026 particularly to substantial sell-offs aimed at raising cash in preparation for the upcoming Dangote Refinery IPO. Although...

July 2 (THEWILL) — Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within one month, as the company signalled that Nigerians could expect further...

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...