Latest stories tagged “Dangote Refinery”
Filling stations in Nigeria, including MRS, AA Rano, and NIPCO, have decreased petrol prices following a reduction in the ex-depot price by Dangote Refinery to N1,075 per litre. This price cut has provided relief to consumers across the country.
Former Lagos State Governor Babatunde Fashola stated that his administration reduced the price of land allocated to the Dangote Group in order to secure the investment for the Dangote Petroleum Refinery, which is located in the Lekki Free Zone.
Dangote Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) by N200 per litre within a month, indicating that the refinery has absorbed the recent surge in global oil prices. This marks another instance of price cuts from the refinery, suggesting a trend towards further moderation in fuel prices, according to Premium Times 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 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.
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.