Dangote Predicts No New Refinery in Nigeria by 2036 Without Policy Support
Aliko Dangote has predicted that Nigeria may not build another refinery by 2036 unless the government creates a more supportive policy environment for domestic investors.
Aliko Dangote has predicted that Nigeria may not build another refinery by 2036 unless the government creates a more supportive policy environment for domestic investors.
Dangote Refinery’s landmark IPO attracted more than N10 billion in subscriptions within minutes of opening, highlighting strong investor demand for the historic offer.
Aliko Dangote has projected that Dangote Refinery shares offered at ₦525 could eventually reach ₦10,000, with small-scale investors set to receive priority in the IPO allocation.
Dangote Refinery has approved 32 financial institutions and investment platforms through which investors can subscribe for its shares when the IPO opens.
Dangote Refinery accounted for about 98 per cent of crude oil and condensate supplied to Nigeria’s domestic refineries in Q2 2026, NUPRC data shows.
Dangote Refinery has ended its brief dollar pricing regime for petrol, returning to naira sales while raising its ex-depot price by N140 per litre.
Fuel marketers have suspended large-scale petrol purchases amid uncertainty over Dangote Refinery’s dollar pricing model. The Federal Government says discussions are ongoing to resolve the dispute and stabilise the downstream market.
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (PMS), popularly known as petrol, by N75 per litre following easing tensions in the Middle East and declining global energy prices. In a circular issued to fuel marketers on Monday, the refinery announced that the new gantry price has been lowered from N1,250…
Nigeria’s petrol import bill fell by 96.15% to N87.4bn in Q1 2026 as local refining, led by Dangote Refinery, continues to reshape fuel supply.