Dangote Petroleum Refinery and Petrochemicals has further reviewed its ex-depot (gantry) loading cost of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre implemented six days ago, marking a 3.5 per cent decrease. The company informed its customers of the price reduction via a notice on Wednesday. …

Dangote Industries Limited has reaffirmed its commitment to making Nigeria self-sufficient in key sectors such as cement production, agriculture, mining, and petroleum refining. Regional Sales Director (Southeast) of Dangote Cement, Dr. Abayomi Shittu, made the pledge during an interview with the News Agency of Nigeria (NAN) on Sunday at the ongoing 36th Enugu International Trade Fair. ‘Dangote Industries Ltd. operates …

The President/Chief Executive of Dangote Industries Ltd, Alhaji Aliko Dangote on Monday disclosed the readiness of the company to return to the Olokola Free Trade Zone in Ogun Waterside Local Government Area of the state for the largest seaport project in the country. Dangote also said that his company has equally returned to site to construct a 6million metric tons …

The Independent Petroleum Marketers Association of Nigeria has refuted claims that it opposed the recent reduction in Premium Motor Spirit (petrol) prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited. A former presidential aide Reno Omokri, in a post on his verified X (formerly Twitter) handle on Saturday night, alleged that IPMAN was protesting against the Federal Government …

An economist, Paul Alaje has predicted the ongoing price war between the Dangote Refinery and NNPC Limited (NNPCL) will ‘erode abnormal profit’ enjoyed by capitalists. ‘You may want to call it a price war but in economics, when a duopoly fights, it is the best for the populace because they will drive themselves to neutral profits’, Alaje said on Channels …

The President of the Dangote Group, Alhaji Aliko Dangote, has hinged Nigeria’s industrialisation challenges on unstable electricity. Dangote said running a business abroad is 30 per cent cheaper than running the same business in Nigeria and other African countries due to stable electricity supply in developed countries. Africa’s richest man stated this recently while hosting the Zambian Minister of Energy, …

The Dangote Petroleum Refinery, on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly referred to as petrol, by N65.00. This means the price will drop from N890 to N825 per litre, effective Thursday, 27 February, 2025, a statement by the refinery stated. According to Dangote, this adjustment is designed to provide essential relief …

Oil mogul and billionaire businessman, Alhaji Aliko Dangote has opened up on his determination to see his $23 billion refinery succeed despite all odds. The 650,000 barrels per day capacity is Africa’s largest. According to the Kano-born richest black man on earth, ‘I’ve been fighting battles all my life and I have not lost one yet. ‘The oil mafia is …

Billionaire Aliko Dangote has described his $23 billion Dangote Refinery project as the ‘biggest risk’ of his life, acknowledging the challenges he faced in bringing the venture to fruition. In an exclusive interview with Forbes on Monday, Dangote opened up about the risks involved in such a massive undertaking. ‘It was the biggest risk of my life. If this didn’t …

The President of Dangote Group, Aliko Dangote, has reaffirmed the conglomerate’s commitment to ending raw sugar importation in Nigeria with an investment exceeding $700 million in sugar production. Dangote, who spoke on Wednesday during the ‘Dangote Special Day’ at the ongoing 14th Gateway International Trade Fair in Abeokuta, Ogun State, said the group is accelerating its Sugar Backward Integration Plan …