Dangote refinery expansion fuels Nigeria's industrial push

Timeline

1. about 16 hours ago

   [BUSINESS] 11 sources

   Nigeria's Dangote Refinery hailed as cornerstone of $1 trillion economy plan

   Nigeria’s government says the 700,000‑bpd Dangote Refinery is a cornerstone of its $1 trillion economy plan, now supplying most domestic fuel, exporting abroad, and preparing Africa’s largest IPO.

2. 7 days ago

   [BUSINESS] 13 sources

   Dangote Refinery Raises $2.5 bn in Landmark Private Equity Placement

   Dangote Refinery secured a $2.5 bn private equity placement – Africa’s largest – to fund expansion, bolster its balance sheet and set the stage for a planned IPO.

3. 13 days ago

   [BUSINESS] 9 sources

   Dangote Refinery secures $2.5 bn private placement ahead of IPO

   Dangote Refinery raised $2.5 bn via private placement, valuing it at $40 bn, and is set for an August IPO that could add $1.5‑$2 bn, marking Africa’s biggest public offering.

4. 16 days ago

   [BUSINESS] 9 sources

   Dangote Refinery Receives Government Backing as It Shifts to Dollar Pricing

   Nigeria’s government backs the Dangote refinery, praising it as a national pride, while regulators allow its shift to dollar‑priced fuel amid industry warnings of price hikes and calls for broader refinery‑mix.

5. 16 days ago

   [BUSINESS] 16 sources

   Kenya Keeps Fuel Prices Stable as Ghana Rises and Nigeria’s Dangote Refineries Shape Regional Markets

   Kenya freezes fuel prices with subsidies, Ghana raises price‑floor benchmarks, Malaysia sees a slight pump hike, and Nigeria’s Dangote refinery caps domestic prices while boosting jet‑fuel exports.

6. 17 days ago

   [BUSINESS] 5 sources

   Nigeria boosts industrial self‑reliance with precision‑manufacturing centre and Dangote refinery

   Nigeria advances industrial self‑reliance as NASENI opens a precision‑manufacturing centre and the 700,000‑bpd Dangote refinery exports fuel, reshaping domestic and regional trade.

7. 20 days ago

   [BUSINESS] 4 sources

   Aliko Dangote's Refinery Gains $5 bn from US‑Iran Conflict

   Nigeria’s Aliko Dangote saw his $20 bn refinery’s full‑capacity launch boost demand amid the US‑Iran war, raising his net worth by $4.9 bn to $34.8 bn and prompting a planned $50 bn‑plus stock listing.

8. 20 days ago

   [BUSINESS] 2 sources

   Nigeria's LPG Prices Stay High After Government Intervention

   Two weeks after a June 22 emergency meeting led by Minister Ekperikpe Ekpo, Nigeria’s LPG supply improved but retail prices stay high at ₦1,300‑₦1,650 per kg, far above pre‑crisis levels.

9. 28 days ago

   [BUSINESS] 2 sources

   Nigeria lowers Abuja petrol price to N1,210 per litre

   Nigeria's NNPCL cut Abuja's pump price to N1,210 per litre, its second reduction in four days, as global crude prices fall and Dangote Refinery also lowers rates.

10. about 1 month ago

    [BUSINESS] 6 sources

    Ghana, Namibia, Nigeria and South Africa Cut Fuel Prices Amid Falling Oil Costs

    Ghana, Namibia, Nigeria and South Africa all reduced pump prices in July as global oil fell, easing costs for motorists and businesses across the region.

11. about 1 month ago

    [BUSINESS] 2 sources

    Nigeria clamps down on fuel price gouging amid deregulation push

    Nigeria’s petroleum regulator warns oil marketers against overpricing fuel as deregulation expands, citing ministerial calls and pending sanctions for price gouging.

12. about 1 month ago

    [BUSINESS] 3 sources

    Nigeria’s oil exports generate $14.7bn as refineries cite crude supply shortfalls

    Nigeria earned $14.7 bn from crude exports in early 2026, but refineries like Dangote face crude shortages, leading to imports and higher fuel costs amid ongoing gas‑flaring and resumed petrol imports.

13. about 1 month ago

    [BUSINESS] 30 sources

    Nigeria’s Fuel Prices Stay High as FCCPC Demands Faster Cuts After Global Crude Drop

    Crude fell to $73 /bbl but Nigeria’s pump price stays near ₦1,200 /litre; FCCPC warns marketers of slow cuts, and the government orders price reflection under the Petroleum Industry Act.

14. about 1 month ago

    [BUSINESS] 3 sources

    Nigeria's Dangote Refinery and NNPCL Cut Petrol Prices Amid Falling Crude

    Nigeria’s Dangote Refinery cut its petrol gantry price to N1,125 per litre and NNPCL lowered pump prices to N1,210 per litre, citing falling global crude after Middle East tensions eased.

15. about 1 month ago

    [BUSINESS] 3 sources

    Dangote Petroleum Refinery IPO targets $40‑$50 bn valuation, $2 bn raise

    Dangote Petroleum Refinery plans a September 2026 IPO valued at $40‑$50 bn, aiming to raise $2 bn and sell about 10% of the asset, despite a June SEC marketing halt.

16. about 1 month ago

    [BUSINESS] 4 sources

    Aliko Dangote's Nigerian Refinery Boosts Energy Security

    Aliko Dangote’s new refinery lets Nigeria process its own crude, cutting fuel imports, lowering prices and boosting industrial self‑sufficiency.

17. about 1 month ago

    [BUSINESS] 4 sources

    Dangote Refinery Cuts Nigeria Petrol Price as Middle East Tensions Ease

    Dangote Refinery cut Nigeria’s petrol price by N75 per litre, citing eased Middle East tensions and falling global oil prices, while its expanding output is lowering regional fuel imports.

18. about 2 months ago

    [BUSINESS] 4 sources

    Nigeria's gas market grows 30% on reforms as LPG prices spike over supply worries

    Nigeria's domestic gas sales rose 30 % after Petroleum Industry Act reforms, but LPG prices have surged as retailers push producers to prioritize local supply amid export concerns.

19. about 2 months ago

    [BUSINESS] 3 sources

    Nigeria's Dangote refinery cuts gasoline output by 34% amid export slump

    Nigeria's Dangote refinery cut gasoline output 34% due to technical issues, slashing exports, while South Africa's PetroSA runs at 83% capacity, highlighting Africa's refining challenges.

20. about 2 months ago

    [BUSINESS] 2 sources

    Nigeria's LPG Prices Jump 40‑66% as Rainy‑Season Demand Outstrips Supply

    Nigeria's LPG prices rose 40‑66% to up to N2,000/kg in Abuja, blamed on rainy‑season demand and supply shortages; marketers say new entrants like Dangote may ease prices.

21. about 2 months ago

    [BUSINESS] 2 sources

    Dangote refinery hits 700,000 bpd, expansion targets 1.4 million bpd

    Dangote’s Lekki refinery in Nigeria reached a verified 700,000 bpd, with exports soaring. An expansion aims to double capacity to 1.4 million bpd by 2028, boosting fuel security and export reach.

22. about 2 months ago

    [BUSINESS] 3 sources

    Nigeria's Local Refining Cuts Dollar Demand and Controls Fuel Prices

    Nigeria’s expanding local refining, led by the massive Dangote refinery, is cutting fuel‑import dollar demand and shaping pump prices, easing pressure on the naira.

23. about 2 months ago

    [BUSINESS] 5 sources

    Dangote Refinery Ramps Up to 700,000 bpd, Boosting Nigeria's Energy Self‑Sufficiency

    Dangote refinery raised capacity to 700,000 bpd, aiming for 1.4 million bpd by 2028, to cut Nigeria’s fuel imports, boost export hub status, and become the world’s biggest refinery.

24. 2 months ago

    [BUSINESS] 2 sources

    Aliko Dangote refinery to process up to 130 crude grades, boosting output to 1.4 million bpd

    Dangote’s Nigerian refinery will add capacity to 1.4 million bpd and handle 130 crude grades, cutting costs below $2/barrel and targeting a $40 billion IPO.

25. 2 months ago

    [BUSINESS] 2 sources

    Nigeria's Dangote Refinery and NNPC dispute fuel import licences

    Dangote Refinery sued NNPC to halt fuel import licences, claiming its capacity now meets most of Nigeria’s demand, while NNPC argues imports keep competition and supply security.

26. 2 months ago

    [BUSINESS] 11 sources

    Dangote Refinery cuts Nigeria's fuel imports, bolsters economy and sovereign rating

    Dangote’s 650,000‑bpd refinery now meets 80 % of Nigeria’s fuel needs, cuts imports, lifts FX reserves and helped S&P upgrade the country’s sovereign rating to B.

27. 2 months ago

    [BUSINESS] 2 sources

    Nigeria's NNPC challenges Dangote refinery lawsuit over fuel import licences

    NNPC disputes Dangote refinery's court bid to curb fuel import licences, warning of supply risks and market monopoly as the legal fight proceeds ahead of Dangote's planned IPO.

28. 2 months ago

    [BUSINESS] 3 sources

    Dangote Refinery cuts Nigeria aviation fuel price, adds credit facility

    Dangote Refinery lowered Nigeria's jet fuel price to ₦1,650/litre and introduced a 30‑day interest‑free credit facility for airlines.

29. 2 months ago

    [BUSINESS] 2 sources

    Dangote refinery clashes with regulators over Nigeria fuel import licences

    Dangote refinery's suit against Nigeria fuel import licences triggers pushback from marketers and support from tank‑farm owners.

30. 3 months ago

    [BUSINESS] 9 sources

    Dangote refinery sues Nigeria over fuel import licences

    Dangote refinery files fresh suit to block fuel import licences, saying its 650,000 bpd plant can meet Nigeria’s demand.