Browsing Tag
Dangote Refinery
47 posts
Fuel Depot Costs Fall as Marketers Reduce Rates by up to N23 per Litre
Petroleum depot prices across Nigeria have trended downward as increased competition among marketers and improved supply from domestic refineries lead to significant rate cuts.
Nigerian stock market gains N2.5 trillion as blue-chip stocks rally
Blue-chip stocks drove a N2.5 trillion increase in Nigerian market capitalisation last week, supported by strong institutional interest and positive corporate developments.
Dangote Refinery Secures $2.5 Billion via Private Equity Placement
Dangote Petroleum Refinery & Petrochemicals has completed a $2.5 billion private equity placement, which was oversubscribed by 3.7 times, marking a major milestone in its growth and African capital market development.
Dangote Refinery Secures $2.5 Billion Through Private Equity Deal
Dangote Refinery has successfully raised $2.5 billion in a landmark private equity placement, drawing interest from global and African institutional investors to support its ongoing expansion.
Dangote Refinery Adjusts Petrol Price and Reintroduces Naira Transactions
Dangote Refinery has officially resumed selling petrol in naira, setting a new ex-gantry price of N1,215 per litre following a recent period of dollar-denominated sales.
Dangote Refinery Recommences Naira-Based Petrol Sales at N1,215 Per Litre
Dangote Refinery has resumed petrol loading in naira at a new price of N1,215 per litre following a week-long suspension, even as depot and retail prices continue to rise nationwide.
Dangote Refinery Restarts Naira Petrol Sales at N1,215 per Litre
Dangote Refinery has resumed petrol loading in naira at a revised rate of N1,215 per litre, following a rise in global crude oil prices that has triggered widespread increases in retail fuel costs across Nigeria.
International Oil Costs Climb Nearly 4 Percent Following Middle East Escalations
Global oil prices jumped nearly 4 percent as Middle East tensions threaten key shipping routes, leading to significant fuel price increases in Nigeria.
Dangote Refinery boosts fuel exports amid supply and currency hurdles
Dangote Refinery is prioritizing international fuel exports to offset severe local crude shortages and an inability to convert naira earnings into the foreign currency needed for operations.
NNPCL Raises Petrol Pump Price by N115
The NNPCL has hiked petrol prices by N115 per litre in Abuja, marking the second increase by marketers in less than a week.