30 results
- 12 Jun 2025
Aliko Dangote Signs out @ Dangote Sugar Refinery as Chairman
In a major leadership transition, Dangote Sugar Refinery Plc (DSR) has announced the retirement of Aliko Dangote, its founder and chairman, from the Board, effective June 16, 2025. Aliko Dangote The…
- 20 May 2026
Otedola Plans $100m Investment in Dangote Refinery ahead of Proposed IPO
Femi Otedola, chairman, First HoldCo, has revealed that he will invest $100 million in Dangote refinery. Aliko Dangote and Femi Otedola This is coming ahead of news that the Dangote refinery is…
- 26 Jul 2024
Dangote Refinery Forced to Resell U.S, Nigerian Crude Cargoes over Glitches - Report
Dangote oil refinery, indigenous oil refinery owned by Aliko Dangote, Africa’s richest man, is reselling cargoes of U.S. and Nigerian crude, four trade sources familiar with the matter said on…
- 14 Jul 2024
NNPC Cuts Investment In Dangote Refinery From 20 Percent to 7.2 Percent
Nigerian National Petroleum Company (NNPC) Limited has reduced its investment in the Dangote Refinery from 20 per cent to 7.2 per cent, according to Aliko Dangote, chief executive officer, Dangote…
- 4 May 2025
Cabals Still Fighting our Refinery – Dangote
Aliko Dangote, Africa’s richest man and president of Dangote Refinery, has insisted that the ‘cabal’ in Nigeria’s oil and gas sector is still fighting against the success of his 650,000 barrels per…
- 23 Jul 2026
Dangote Refinery Completes Landmark $2.5bn Private Equity Placement
Dangote Petroleum Refinery and Petrochemicals has successfully completed a landmark US$2.5 billion private equity placement, in what is believed to be Africa’s largest publicly disclosed primary…
- 30 Mar 2026
Dangote Refinery Debunks Speculations on IPO
Dangote Petroleum Refinery and Petrochemicals (DPRP) has debunked recent circulation of unauthorised information regarding a potential Initial Public Offering (IPO). In a statement, DPRP noted that…
- 17 Jul 2026
Dangote Refinery’s Private Placement Reportedly Hits $2.5Bn
Dangote Petroleum Refinery is reportedly nearing completion of a $2.5 billion private placement that values the company at about $40 billion ahead of its planned public listing. Private placement is…
- 18 Dec 2024
Dangote Refinery Denies Liquidity Challenges, Dismisses NNPCL’s $1Bn Loan Claim
Dangote Petroleum Refinery and Petrochemicals (DPRP) has dismissed claims that the Nigerian National Petroleum Company Limited (NNPCL) used a $1 billion loan secured through a crude forward sale…
- 28 Jul 2024
Dangote Refinery to Import Crude from Brazil, America by August
Dangote Refinery has concluded plans to supply crude oil from Brazil and the United States of America by August this year to complement it’s refining capacity. Rabi’u Umar, chief commercial officer,…
- 28 Feb 2021
Dangote Refinery to Sell Refined Products to FG in Naira – Emefiele
Arrangement is being made to enable the Dangote Refinery to sell refined crude to Nigeria in naira when it commences production, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has…
- 13 Aug 2024
We are Yet to Fix Fuel Price- Dangote Refinery
Dangote Group has denied reports of a planned increase in petrol price to N600/litre, as attributed to the Independent Petroleum Marketers Association of Nigeria (IPMAN). In a statement released on…
- 29 Jun 2021
NNPC Seeks Bank Loan to Buy Equity in Dangote Refinery
Banks have commenced engagement with the Nigerian National Petroleum Corporation (NNPC) on how to lend the Corporation loan to acquire equity 20 per equity in the Dangote $19 billion Petroleum…
- 15 Oct 2018
NCDMB Partners Dangote Refinery on Local Content Implementation
Nigerian Content Development and Monitoring Board (NCDMB) has praised the management of Dangote Petroleum Refinery and Petrochemical Free Trade Zone Enterprises (DPRP) over its adherence to the local…
- 24 Jun 2026
SEC Bars Dangote Refinery IPO Adverts
Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE,. It further warned…
- 23 Jul 2024
Why Cabals are After Dangote Refinery - Ojudu
Babafemi Ojudu, a former special adviser on Political Affairs to the President in the office of former Vice President Yemi Osinbajo, has weighed in on the altercation between the Nigerian Midstream…
- 5 Aug 2021
FG Approves $2.76Bn for NNPC to Buys Stake in Dangote Refinery
Federal Executive Council (FEC) meeting in Abuja on Wednesday approved $2.75 billion for the Nigerian National Petroleum Corporation (NNPC) to buy 20 percent stake in the Dangote Petroleum and…
- 22 May 2023
Dangote has Paid Back 70 Per Cent of Loans to Finance Refinery – Emefiele
Dangote Group has paid back 70 percent of the loans it took from Central Bank of Nigeria (CBN) to construct an the 650,000 barrels per day (bpd) Dangote Refinery commissioned yesterday in Lagos,…
- 23 Nov 2020
Nine People Allegedly Steal N415m from Dangote
An Ikeja High Court Monday fixed January 20, 2021 for continuation of trial of nine accused persons arraigned for allegedly stealing the sum of N451million from Dangote Sugar Refinery Plc. Aliko…
- 1 Apr 2025
NIPSS Projects Petrol Prices to Hit ₦750/Litre Before Year's End!
National Institute for Policy and Strategic Studies (NIPSS) has predicted that the price of Premium Motor Spirit (petrol) will decline as Dangote Refinery and other local refineries commence full…
- 19 Dec 2025
Dangote, Monopoly Power, and Political Economy of Failure
By Blaise Udunze Nigeria’s refining crisis is one of the country’s most enduring economic contradictions. Africa’s largest crude oil producer, strategically located on the Atlantic coast and home to…
- 24 Mar 2026
Refining Without Relief: How Global Oil Wars, Market Structure, and Monopoly Risks Still Drive Fuel Prices in Nigeria
By Blaise Udunze The vision was bold. The expectation was clear. And the promise was powerful. When the Dangote Refinery began operations, it was hailed as Nigeria’s long-awaited escape from decades…
- 10 Apr 2026
REVEALED: How Nigeria’s Energy Crisis is Driven by Debt and Global Forces
By Blaise Udunze For months, Nigerians have argued in circles. Aliko Dangote has been blamed by default. They have accused his refinery of monopoly power, of greed, of manipulation. They have pointed…
- 21 May 2015
Honeywell’s UOP Designs Technology to Run Dangote Oil Refining Company
UOP LLC, a Honeywell company, has geared up its process technology, catalysts and proprietary equipment will to form the basis for Dangote Oil Refining Company, the largest refinery in Africa. The…
- 22 Dec 2021
African Petroleum Refiners Seek Upgrade of Continent’s Refineries for Cleaner Fuels
The African Refiners and Distributors Association (ARDA) has said that the continent needs to deliver the “refineries of the future”, to be able to meet the growing energy needs of its population.…
- 29 Jul 2025
$1 Trillion Economy: Why Tinubu Must Listen to Dangote, Ekeh, Others
By Aliyu Gaya One exceptionally commendable fact about the Bola Tinubu presidency is that it is not lacking in ambition and audacity. Courage defines the leader and Tinubu has it in good measure.…
- 2 Feb 2014
Panafrican Hands Over $35m Equipment to Dangote Sugar Group
The Panafrican Equipment Group, a recognized leader in providing mining, construction grade equipment and after sales support solutions; has announced the milestone sale of USD$35 million worth of…
- 13 Nov 2025
FG’s Suspension of 15% Fuel Import Duty: A Holistic Step Toward Economic Relief and Market Stability
By Blaise Udunze In a welcome display of policy sensitivity and economic rationality, the Federal Government has suspended the planned 15 percent ad-valorem import duty on petrol and diesel. This…
- 19 May 2024
Airtel Wins Big at Maiden ICAN-NGX Awards
Airtel Africa, telecommunications provider in Africa with its stock trading on the Nigerian Stock Exchange (NGX), emerged as a major winner at the inaugural edition of the ICAN-NGX Awards, carting…
- 27 Apr 2026
Afreximbank to Fund 3 New Refineries in Nigeria
African Export-Import Bank (Afreximbank) has disclosed plans to finance three additional refineries in Nigeria as part of a broader push to reduce the country’s reliance on imported petroleum…