Dangote Petroleum Refinery has denied allegations made by S&P Global that Nigerian marketers are re-importing its fuel through Togo, labeling the claims as "unfounded and misleading." The company aims to clarify the situation surrounding the distribution of its fuel products.

The Securities and Exchange Commission has issued a warning to investors regarding any supposed public offering by Dangote Petroleum Refinery & Petrochemicals FZE, clarifying that it has not received or approved any application for an initial public offering from the company.

Depot prices for Premium Motor Spirit (PMS), or petrol, have decreased across various terminals in Lagos, with Rain Oil leading the reduction by cutting prices by N18 per litre. Additionally, diesel prices have also seen a significant drop, falling by up to N70 per litre. This adjustment in prices comes as petroleum marketers respond to changing supply dynamics in Nigeria's downstream oil market, according to Vanguard Business.

Nigerian marketers have confirmed that they have received new fuel import licences from the Federal Government for the third quarter of 2026. This development is expected to ensure a stable supply of petroleum products across the nation.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted new fuel import permits to seven major oil marketers amid rising concerns about domestic fuel supply levels. This approval is part of a fresh round of permits for the third quarter of 2026, aimed at ensuring adequate fuel availability in the country, according to Vanguard Business.

According to Onyema, Nigerian airlines are increasingly reliant on bank loans due to rising fuel costs. This statement follows the recent announcement by Dangote Petroleum Refinery, which reduced the price of aviation fuel (Jet A1) to N1,450 per litre. The situation underscores the ongoing challenges faced by domestic airlines in Nigeria amid fluctuating fuel prices.