Nigeria Breaking News

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Breaking: Again, Dangote Refinery reduces petrol price by 3.5% to N835 per litre

Again, Dangote Refinery reduces petrol price by 3.5% to N835 per litre

In a significant development, Dangote Petroleum Refinery has announced a further reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol. The new price is set at N835 per litre, down from N865 per litre, marking a 3.5 per cent decrease. This price adjustment follows the recent decline in global crude …

Crude for Naira Deal: Dangote suspends sale of petrol in Naira

Crude for Naira Deal: Dangote suspends sale of petrol in Naira

Dangote Refinery has suspended the sale of petroleum products to domestic market in Naira following the failure of the Federal Government to renew the crude-for-Naira deal the company had with Nigerian National Petroleum Company Limited (NNPCL) The refinery, in a statement yesterday, said: “Dangote Petroleum Refinery has temporarily halted the sale of petroleum products in …

Marketers predict petrol price hike as Dangote Refinery halts sales in Naira

Marketers predict petrol price hike as Dangote Refinery halts sales in Naira

Oil marketers have warned that petrol pump prices may rise in the coming days following Dangote Refinery’s decision to suspend the sale of petroleum products in Naira to the domestic market. The refinery had been in discussions with the Federal Government over renewing its six-month crude-for-Naira agreement with NNPC Limited. The deal, which was set …

Dangote Group pays N402.3bn in taxes, emerges Nigeria’s top taxpayer

Dangote Group pays N402.3bn in taxes, emerges Nigeria’s top taxpayer

Lagos – The Dangote Group and its subsidiaries have disclosed that they paid over N402.3 billion in taxes to the government in 2024, making them the highest taxpayers in the country. Chief Branding and Communication Officer, Anthony Chiejina, made this known during a meeting with senior media executives in Lagos. He stated that the payments …

Dangote refinery exports two cargoes of jet fuel to Saudi Arabia

Dangote refinery exports two cargoes of jet fuel to Saudi Arabia

Dangote Petroleum Refinery has exported two jet fuel cargoes to Saudi Arabia’s Aramco, the world’s largest oil producer and a leading integrated oil and gas company. Saudi Aramco is the official Saudi Arabian Oil Company, which is a majority state-owned petroleum and natural gas company. President of Dangote Group, Aliko Dangote, revealed this on Tuesday …

Dangote Petroleum Refinery slashes ex-depot price of petrol to N890 per litre

Dangote Petroleum Refinery slashes ex-depot price of petrol to N890 per litre

Dangote Petroleum Refinery has reduced the ex-depot (gantry) price of Premium Motor Spirit (PMS), also known as petrol to N890 per litre, from N950 per litre, effective from Saturday, February 1, 2025. The price of crude oil, including Nigeria’s Bonny Light, a major feedstock, dropped to $75.67 per barrel, from over $80 per barrel in …