Tag: Dangote
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20 years after: Dangote resigns as chairman
Nigerian business magnate Aliko Dangote has officially announced his retirement as Chairman of Dangote Sugar Refinery Plc, bringing an end to two decades of leadership at the company. His retirement takes effect on Monday, June 16, 2025. The news was confirmed in a statement issued on Wednesday, highlighting the company’s commitment to good corporate governance…
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NPA, Dangote to deepen maritime industry growth, expand export operations
…aims at $7m daily revenue through fertilizer export The Nigerian Ports Authority (NPA) and Dangote Industries Limited (DIL) has set sights on the development of the nation’s Marine and Blue Economy sector, with plans to ensure expansion of Nigeria’s export operations. Speaking on Monday during a courtesy call to the NPA headquarters in Lagos, President…
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Again, Dangote Refinery slashes fuel price by N15 now N875/litre
Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS). As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos; N885 per litre in the South West; N895 per litre in the North…
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Suspension of naira-for-crude will push Nigerians into multidimensional poverty – ActionAid
ActionAid has raised concerns over the ongoing crisis in the petroleum sector, sparked by Dangote Petroleum Refinery’s suspension of petroleum product sales in naira. Mr Andrew Mamedu, Country Director of ActionAid Nigeria (AAN) expresssd this concern in a statement on
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JUST IN: Dangote refinery suspends sale of fuel in Naira
Dangote Petroleum Refinery has announced a temporary suspension of petroleum product sales in Naira. In a statement issued on March 19, 2025, the refinery explained that its sales of petroleum products in Naira
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JUST IN: Dangote refinery crashes petrol price to N860/litre
Dangote Petroleum Refinery on Wednesday, announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00. This means the price will drop from N890 to N825 per litre, effective Thursday, February 27, 2025.
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Heavy Naira shower at IBB’s book launch, Dangote donates N8bn, Rabiu, N5bn, Danjuma, N3bn, others
The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has hailed ex-Head of State, Gen. Ibrahim Badamasi Babangida, popularly known as IBB, for implementing policies that liberated the private sector in Nigeria during his regime. Dangote made this statement on Thursday during the unveiling of the book “A Journey in Service”, the autobiography…
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After Dangote annoucement, NNPCL increases fuel price
Retail outlets owned by the Nigerian National Petroleum Company Limited (NNPCL) have effected an upward adjustment in the petrol pump price. The new price template effected nationwide on Tuesday also increased NNPCL price in Lagos from N925 to N960 per litre.
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Dangote raises petrol prices to N955 from N899/litre for bulk buyers
Sequel to a consistent surge in the price of Brent, the global benchmark for crude, the Dangote Petroleum Refinery has communicated an upward adjustment in the price of Premium Motor Spirit, also known as petrol, to its customers. In an email statement on Friday, the refinery announced that its refined products would now be priced…
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Dangote, MRS fix petrol price at N935 nationwide
Nigeria Dangote Refinery has partnered with MRS Oil and Gas to sell petrol at ₦935 per liter at retail outlets nationwide. This price reduction follows a decrease in the ex-depot price from ₦970 to ₦899.50 per liter.