The Dangote Petroleum Refinery has concluded an offtake agreement with 12 major petroleum marketing companies to distribute between 60 million and 65 million litres of Premium Motor Spirit (petrol) daily across the country, in a move expected to stabilise supply and deepen Nigeria’s fuel self-sufficiency. President of the Dangote Group, Aliko Dangote, disclosed this in…
Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has described the Dangote Refinery as a world-class facility equipped with modern technology and capable of making significant impact on Nigeria’s economy and the global energy market. Ojulari made the remarks while addressing journalists after inspecting several sections of the refinery, including the master control room,…
Nigerian National Petroleum Company Limited (NNPC Ltd) has announced plans to increase gas supply by an additional 1.8 billion cubic feet per day (bcf/d) in 2026 to meet growing domestic demand The company disclosed this in Abuja while hosting members of the Nigeria Guild of Editors, stating that its subsidiaries—NNPC Upstream Investment Management Services (NUIMS)…
The Managing Director, TotalEnergies EP Nigeria Limited, Mathieu Bouyer, has reaffirmed the company’s commitment to expanding Nigeria’s energy supply while reducing the carbon intensity of its operations. Mr Bouyer made the remarks during a panel session titled “Capitalising on Africa’s Global Upstream Momentum” at the 9th Nigeria International Energy Summit (NIES 2026), held on Wednesday,…
Dangote IPO, insurance recapitalisation to drive new era of market liquidityShare Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day…
The world’s richest black person, Aliko Dangote, has appointed her daughters to major positions in the multi-billion global business group. Halima Aliko Dangote was appointed Group Executive Director, Dangote Family Office & International Offices (Dubai & London). Halima will continue to lead the establishment and maturation of the Dangote Family Office in Dubai, ensuring the…
The Dangote Refinery did not meet its projected domestic supply target of 50 million litres of Premium Motor Spirit, PMS, per day in January 2026, according to figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA. Data in the regulator’s January 2026 industry report showed that the 650,000-barrel-per-day facility delivered an average…
reducing Nigeria’s dependence on imported PMS. In December 2025, the refinery projected it could supply up to 50 million litres of PMS daily between December 2025 and January 2026. Management has optimized its Crude Distillation Unit and Motor Spirit production block, stabilizing steady-state operations. A 72-hour performance test run is underway with technology licensor UOP…
The African Union (AU), the African Commission on Nuclear Energy (AFCONE) and the OECD Nuclear Energy Agency (NEA) have signed a memorandum of understanding (MoU) to advance the peaceful application of nuclear science and technology for Africa’s socio-economic development. The NEA is an intergovernmental agency under the Organisation for Economic Cooperation and Development (OECD) that…
Nigeria failed to meet its crude oil production quota of 1.5 million barrels per day approved by the Organisation of the Petroleum Exporting Countries in the first month of 2026, extending its streak of underperformance to six consecutive months. According to OPEC’s Monthly Oil Market Report, Nigeria produced about 1.46 million barrels of crude oil…
