Dangote Refinery

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...

May 17, (THEWILL) — The National Pension Commission (PenCom) has granted Pension Fund Administrators (PFAs) special regulatory approval to invest pension assets in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE, waiving some of the...

May 15, (THEWILL) — Dangote Petroleum Refinery has filed a fresh lawsuit against the Nigerian National Petroleum Company Limited (NNPC) and several fuel marketers, seeking to overturn fuel import licences issued by the Nigerian Midstream and Downstream Petroleum Regulatory...

May 06, (THEWILL) — Dangote Refinery has refuted reports of an increase in the depot price of Premium Motor Spirit (PMS), stating that its ex-depot price remains unchanged. The clarification comes against the backdrop of earlier reports which indicated that...