Petrol imports remained Nigeria’s main source of fuel supply in 2025, accounting for 62.47 per cent of total Premium Motor Spirit (PMS) consumption, despite increased output from domestic refineries, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The regulator’s latest midstream and downstream sector factsheet shows that Nigeria consumed […]
By SAMUEL MOBOLAJI Some MRS filling stations in Lagos have flouted the newly approved N739 per litre pump price for Premium Motor Spirit (PMS), barely hours after Dangote Petroleum Refinery directed Nigerians to report any outlet selling above the stipulated rate. A spot check by The Daily Times on Tuesday, December 23, 2025, revealed cases of non-compliance […]
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has intervened in the escalating conflict between the Dangote Group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), warning that the country must prioritize building strong regulatory institutions over pandering to powerful individuals. The President of PENGASSAN, Festus Osifo, gave this charge […]
The Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has firmly rejected recent allegations that he funded his children’s multimillion-dollar Swiss education through corrupt means, describing the claims as timed smears amid his agency’s regulatory reforms. In a detailed personal statement released Tuesday, Ahmed attributed the accusations—centering on $5 […]
Sustained refining activities at the Dangote Refinery have sharply reduced Nigeria’s fuel import bills, dropping expenditure on petrol and diesel to $1.2 billion in the first quarter of 2025, down from $2.6 billion in the same period of 2024, a decline of 1.54 per cent. Sunday Esan, Senior General Manager of Corporate Communications at Dangote […]
Aliko Dangote, the president of the Dangote Industries Limited (DIL), has reached a new milestone, as the billionaire’s net worth hit the $30 billion mark on Friday. According to the Bloomberg Billionaires Index, Dangote’s net worth increased by $2.25 billion to $30.3 billion as at October 24. The billionaire businessman moved up to the 75th […]
The Nigeria Labour Congress (NLC) has ordered full mobilisation of its affiliate unions in preparation for a nationwide confrontation with the Dangote Group. It accused the conglomerate of waging an “anti-worker crusade” against the Nigerian working class. In an memo signed by Joe Ajaero, NLC President, the labour body described the Dangote Group as operating […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused Dangote Petroleum Refinery of running a grand scheme to weaken organised labour, eliminate competition, and tighten its control of the petroleum sector. In a statement dated September 12, 2025, and signed by Williams Akporeha, its National Executive President, the union criticised the refinery. […]
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has accused the Dangote Refinery of violating a newly signed agreement with the Federal Government and organised labour. The union warned that it may resume its suspended nationwide strike. In a statement NUPENG alleged that the refinery breached the Memorandum of Understanding (MoU) signed on […]
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says the federal government’s intervention is yielding results in the dispute between the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and Dangote Refinery. Billy Gillis-Harry, PETROAN’s national president, made this known on Channels Television’s The Morning Brief programme on Monday. “We have called […]
The petrol-producing unit of the Dangote refinery has been forced offline following catalyst leaks and operational issues, with repairs expected to last at least two weeks, Reuters reported, citing industry sources. According to market monitor IIR Energy, the 204,000 barrels-per-day Residue Fluidised Catalytic Cracking Unit (RFCCU) has been out of service since around 29 August. […]
Three people were killed on Sunday in Auchi, Edo State, when two trucks and a Mercedes Benz GLK collided in front of the Omega Fire Ministry at midday. Eyewitnesses said one of the trucks belonged to Dangote Cement, while the other has yet to be identified. The crash claimed the lives of all three occupants […]
The Dangote Petroleum Refinery will today commence direct and free shipping of fuel products to retailers across Nigeria, a move aimed at easing distribution bottlenecks and stabilising pump prices. According to sources close to the refinery’s management, the new arrangement will allow licensed fuel marketers to receive supplies without bearing transportation costs, as the refinery […]
The Nigeria Labour Congress (NLC) has asked the federal government to sell crude oil to the Dangote Refinery in naira, warning that insisting on foreign currency transactions could trigger fresh petrol scarcity and higher pump prices. Joe Ajaero, NLC president, represented by Funmi Sessi, Lagos state chairperson, made the appeal during a facility tour of […]
Aliko Dangote, founder of Dangote Cement Plc, has officially stepped down as Chairman of the company’s Board of Directors, effective July 25, 2025. According to a statement by the company’s spokesperson, Anthony Chiejina, Dangote is retiring from the board to dedicate more time to other strategic projects, including the Dangote Petroleum Refinery, Petrochemicals, Fertiliser, and […]
The Dangote Refinery has reaffirmed its commitment to working with petroleum marketers despite suspending its discounted fuel supply programme, following widespread abuse of the scheme by affiliate partners. The company announced that while the collaboration remains active, it is being restructured to ensure accountability and protect market stability. The suspension, which took effect on 13 […]
By Tom Okpe The Dangote Cement has launched more than 50 Agriculture Entrepreneurs Farmers Empowerment Programme in Benue State, in its determination to support Governments in food security efforts. The initiative is aimed at enabling farmers, produce subsistence and cash crops in commercial quantity from the State, considered to be the food basket of the […]
BY MOTOLANI OSENI President Bola Ahmed Tinubu has applauded the founder of the Dangote Group, Aliko Dangote, for his unwavering belief in Nigeria and for making bold investments that have become a cornerstone in the country’s economic transformation. Speaking during a high-profile tour of the Dangote Petroleum Refinery and Petrochemicals complex at the weekend, an […]
BY MOTOLANI OSENI Nigeria’s Dangote Oil Refinery is significantly boosting demand for U.S. West Texas Intermediate (WTI) crude, reinforcing economic ties between the two nations as global oil prices recorded their first weekly gain since mid-May. The refinery, which has an installed capacity of 650,000 barrels per day, is now purchasing a third of its […]
By Agency Report Nigerian businessman and chairman of Dangote Group, Aliko Dangote, has hailed the economic policies and programmes initiated by President Bola Tinubu. Dangote said the policies initiated by President Tinubu are decisive and reassuring as they have reignited hope of a better future for Nigeria. Naija News reports that Dangote stated this on […]