Business

Sell crude to Dangote in Naira to prevent fuel scarcity, NLC urges FG

Guest Writer 14 August 2025 0

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

Business

Aliko Dangote bows out as Dangote Cement chairman, Ikazoboh takes over

Promise Eze 26 July 2025 0

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,

Economy

Dangote Refinery maintains marketer partnership, restructures scheme over abuse

DailyTimesNGR DailyTimesNGR 20 July 2025 0

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,

News

Dangote Cement creates 50 Agric Entrepreneurs in Benue

DailyTimesNGR DailyTimesNGR 4 July 2025 0

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 […]

Top Stories

Tinubu commends Dangote Refinery as beacon of economic transformation

DailyTimesNGR DailyTimesNGR 11 June 2025 0

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 […]

Economy

Dangote Refinery drives U.S. oil demand as global crude prices rise

DailyTimesNGR DailyTimesNGR 9 June 2025 0

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 […]

News

When Your Policies Start Yielding Results, Everyone ‘II Thank You, Dangote Tells Tinubu

DailyTimesNGR DailyTimesNGR 6 June 2025 0

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 […]

Economy

Market eyes Dangote Cement as N7.4trn valuation holds ahead of N30 dividend

DailyTimesNGR DailyTimesNGR 25 May 2025 0

BY MOTOLANI OSENI Investors are closely watching Dangote Cement Plc as its market valuation steadies at N7.424 trillion on the Nigerian Exchange ahead of a proposed N30 per share dividend, which is set for distribution on June 23, 2025, pending shareholder approval. The company’s board has recommended the payout based on its strong 2024 earnings, […]

Business

FG, Dangote Industries advocate localised production unlock Africa’s economic potentials

DailyTimesNGR DailyTimesNGR 3 May 2025 0

The federal government of Nigeria and Dangote Industries Limited have called for localized production and patient capital to unlock Africa’s economic potential. This message was emphasized during the African Private Capital Association (AVCA) Week held in Lagos from April 28 to May 2, 2025. Keynote addressed were delivered by the Minister of Industry, Trade and […]

Business

Dangote Cement Posts N209.2bn Net Profit In Q1

DailyTimesNGR DailyTimesNGR 28 April 2025 0

Dangote Cement Plc has declared profit after tax of N209.245 billion for the first three months of the year ended March 31, 2025. The Q1 unaudited results of the Company revealed profit after tax rose by 85.7 per cent to N209.245 billion from N 112.674 billion in Q1, 2024, while earnings per share up by […]

Business

Dangote Packaging Limited Launches Advanced technology

DailyTimesNGR DailyTimesNGR 6 April 2025 0

By AYOBAMI OMOLE-IYAGIN In a significant step, the Dangote Packaging Limited, DPL, has commissioned some state-of-the-art machinery to enhance its production capabilities. At the commissioning of the machinery on Wednesday, the Managing Director/Chief Executive Officer, DPL, Sai Prakash explained the salient features of the new machinery and described them as the latest

News

Marketers rush as Dangote crashes petrol price

DailyTimesNGR DailyTimesNGR 15 March 2025 0

By Emma Okereh Dangote Refinery has crashed its petrol loading price from ₦825 to ₦815 per litre, intensifying competition in Nigeria’s oil market. The crash holds the potential for lower pump prices. This latest adjustment, effective Thursday, is part of the ongoing rivalry in the country’s downstream oil sector. This price cut follows a previous […]

Business

Dangote Refinery drives oil sector growth, cuts PMS price by N65 to N825

DailyTimesNGR DailyTimesNGR 26 February 2025 0

BY MOTOLANI OSENI Dangote Petroleum Refinery is playing a key role in Nigeria’s oil sector revival, marked by the first quarterly growth in five years. The Nigerian oil refining sector saw a notable 9.59 per cent real GDP expansion in the fourth quarter of 2024, a significant rebound after years of contraction. This growth is […]

Business

Dangote Diesel price crashes to N1,020 per litre

DailyTimesNGR DailyTimesNGR 12 February 2025 0

BY MOTOLANI OSENI Dangote Petroleum Refinery & Petrochemicals has reviewed downwards the cost of its diesel product to N1,020 per litre from N1,075 per litre in an effort to better serve its customers and Nigerians in general. Since it began diesel production in January 2024, the refinery has reduced the price of diesel more than […]

News

Petrol import licence: Court rules on NNPCL objection to Dangote Refinery’s suit March,18

DailyTimesNGR DailyTimesNGR 5 February 2025 0

BY ANDREW OROLUA A Federal High Court in Abuja will rule on the objection filed by Nigeria National Petroleum Company Limited (NNPCL) on March 18 as the company insisted the Court lacked jurisdiction to entertain a suit filed by Dangote Refinery challenging the issuance of petrol import licenses to five companies. Nigeria National Petroleum Company […]

Top Stories

Dangote Praises Tinubu’s Crude-for-Naira Deal

Ihesiulo Grace 22 December 2024 0

Aliko Dangote, President of Dangote Industries Limited, has commended President Bola Tinubu for facilitating the implementation of the crude-for-naira deal, which he credited with reducing petroleum product prices across Nigeria. In a statement shared with DAILY POST, Africa’s richest man emphasized his dedication to providing Nigerians with high-quality and

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Deregulation not a license to blend off-spec products, jeopardise national interest, Dangote tells Pinnacle Oil

DailyTimesNGR DailyTimesNGR 6 November 2024 0

Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification for the importation of off-spec petroleum products or the undermining of Nigeria’s national interests. The refinery made this statement in response to remarks by Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, concerning […]

Top Stories

We sell petrol at N960 per litre to ships, N990 per litre to trucks — Dangote Refinery

DailyTimesNGR DailyTimesNGR 4 November 2024 0

Dangote Refinery has disclosed that it sells petrol at N990 per litre to trucks and N960 per litre to ships. The disclosure follows the Independent Petroleum Marketers Association of Nigeria (IPMAN) and Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) claim of importing the products at cheaper rates compared to that of Dangote. The […]

Top Stories

Naira-for-Crude: Dangote highlights positive outcomes from initiative

Ihesiulo Grace 30 October 2024 0

In a recent high-level meeting, Aliko Dangote praised the progress made in advancing Nigeria’s crude oil sales and refining initiative, which allows for crude transactions in naira and enables local refiners to sell petroleum products to the Nigerian public. Dangote reflected on the insights shared by the chairman of the committee overseeing the Naira crude […]

Top Stories

Dangote backs FG’s CNG drive, invests $280m in trucks, infrastructure

DailyTimesNGR DailyTimesNGR 28 October 2024 0

BY TEMITOPE ADEBAYO Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural gas (CNG) technology and infrastructure in a demonstration of its support for President Bola Tinubu’s CNG Initiative, which aims to provide cheaper and cleaner fuelling alternatives for all Nigerians. Tinubu, who nurses strong commitment to CNG deployment