Dangote Petroleum Refinery has rejected claims that its petroleum products are exported to Lomé, Togo, and then re-imported into Nigeria, labeling these allegations as false and not aligned with commercial realities, according to Premium Times 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.

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.

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.

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.

Dangote Petroleum Refinery and Petrochemicals FZE is planning to raise up to $2 billion in what is set to be Africa's largest initial public offering, generating significant investor interest across Nigeria. This move has attracted attention from various sectors, including a notable tycoon and a security guard, highlighting the widespread enthusiasm for the IPO.