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...
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...
The deeper deficiency is not simply the absence of an agreement. It is the absence of a culture capable of producing an honest one. Too many powerful actors approach debate not as a search for better judgment but as a contest in which concession means humiliation. They listen not to learn but to retaliate.
