Kenyan Court Halts Dangote's $16bn Lamu Refinery Site Activities
A Kenyan court has ordered a temporary halt to activities at Dangote's proposed $16 billion Lamu refinery site amid land and environmental disputes. The case returns on October 14.
Category : Oil Gas
Imported Petrol Landing Cost Drops Below Dangote’s Rate
Imported petrol landed at N1,304 per litre, N21 cheaper than Dangote’s gantry price. Diesel also undercut, but aviation fuel cost more. Analysts warn crude price spikes may erase savings.
Court Orders NMDPRA to Issue Petrol Import Licences
Federal High Court in Abuja rules NMDPRA must issue petrol import licences to Matrix Energy, A.A. Rano, and AYM Shafa, citing PIA 2021 compliance.
GTCO posts N603bn H1 2026 profit, declares N1 dividend
GTCO reported N603.03bn profit before tax in H1 2026, up 0.4% YoY, and declared N1 interim dividend. Total assets hit N18.6trn, deposits rose 10.3%.
MRS Cuts Petrol Price by N25/Litre in Abuja
MRS filling stations in Abuja reduced petrol to N1,370 per litre, a N25 cut, saving motorists N1,250 on 50 litres, following Dangote refinery's gantry price reduction.
Dangote refinery petrol supply up 39% as crude deliveries surge
Nigeria's domestic refineries received 683,000 barrels of crude daily in August 2026, up 16.75% from July, while Dangote's petrol supply rose 39% to 35.9 million litres daily, cutting imports by 26%.
NMDPRA Proposes Anti-Monopoly Rules; Court Backs Fuel Importers
NMDPRA has proposed new regulations to ban fuel price fixing, hidden charges, and anti-competitive practices, while a Federal High Court ordered continued import licences for three marketers, reshaping Nigeria's petroleum market.
NNPCL Cuts Petrol Prices by Up to N25 in Lagos, Abuja
NNPCL reduced petrol prices at select Lagos and Abuja stations by up to N25 per litre, following Dangote Refinery's N25 gantry price cut to N1,325, though prices remain uneven nationwide.
Brent Crude Hits $107, Fuel Depot Prices Face Renewed Pressure
Brent crude rebounded to $107.20 per barrel on September 28, reversing depot fuel price cuts in Nigeria and raising concerns about renewed petrol and diesel hikes.
Ruto Praises Dangote Refinery, Backs $50B Africa Plan
Kenyan President William Ruto praised the Dangote Refinery in Lagos as a remarkable engineering feat, while Aliko Dangote announced nearly $50 billion in Africa investments, including a $16 billion Lamu refinery.
Dangote: Lamu Refinery to Surpass Lagos Plant in Capacity
Aliko Dangote says Kenya's Lamu Refinery will exceed the Lagos facility's 650,000 bpd capacity, processing 700,000 barrels daily, with groundbreaking set for September 30, 2026.
FG Launches 581kWp Solar Mini-Grid in Kwara for 1,800 Homes
FG commissions 581kWp solar mini-grid with 1.4MW battery in Oke-Oyi, Kwara, providing reliable power to 1,800 households and businesses.
Nigeria's Petrol Supply Rises 11% as Imports Fall 26%
Nigeria's petrol receipts rose 11% in August as imports fell 26%, but NMDPRA data shows no proof of lower pump prices, leaving affordability unresolved.
Ruto: Dangote Kenya Refinery to Create 60,000 Jobs
Kenyan President William Ruto toured the Dangote Refinery in Lagos, confirming the Lamu refinery groundbreaking on September 30, which will create 60,000 jobs.
Dangote Refinery Drives Nigeria's ₦998bn Petrol Export Boom
Nigeria earned ₦998.50 billion from petrol exports in H1 2026, led by Dangote Refinery, yet domestic pump prices remain high.
Dangote Unveils $660m Ethiopia-Djibouti Pipeline Project
Aliko Dangote announces a $660 million pipeline linking Ethiopia and Djibouti, with 1.175m cubic metres storage, boosting East African fuel supply.
Dangote Refinery Raises Cooking Gas Price to N1,030 per kg
Dangote Refinery increased LPG price from N980 to N1,030 per kg, a 5.1% rise. A 12.5kg cylinder now costs N12,875 ex-depot, with retail prices varying from N1,200 to N1,500 across Nigeria.
Nigerian Refineries Boost Petrol Supply as Stock Drops
Nigeria's petrol stock cover rose to 22.9 days in August, still 7.1 days below NMDPRA's 30-day benchmark, as domestic supply surged 39%.
Nigeria's Petrol Imports Drop to 14.6m Litres Daily as Dangote Supply Rises
Nigeria's petrol imports fell to 14.6 million litres daily in August 2026, down from 19.7 million in July, as Dangote Refinery supplied 35.87 million litres daily, per NMDPRA data.
NNPC New Petrol Prices: Dangote Cut Sparks Nationwide Update
NNPC has published revised petrol pump prices nationwide after Dangote Refinery reduced its ex-gantry price by N25 per litre. Lagos now sells at N1,385, Abuja at N1,430, and Yobe records the highest at N1,456 per litre.
Dangote's $20bn Kenya Refinery Groundbreaking Set for Sept 30
Dangote Group's 700,000-barrel-per-day Lamu refinery in Kenya, backed by up to $20 billion, will break ground on September 30, 2026, with President Ruto leading the ceremony.
Cooking Gas Price Hits ₦1,900/kg as Marketers Explain Rise
Cooking gas prices in Lagos have risen to ₦1,900 per kilogramme in some areas, with supply shortages, dollar pressures, and infrastructure gaps driving the increase, according to market surveys and industry officials.
Petrol Depot Prices Cut by N24 as Marketers Rival Dangote
Petrol depot prices drop by up to N24 per litre in Lagos as marketers compete with Dangote Refinery, while diesel falls by N50, offering potential relief at the pump.
NMDPRA Uncovers Under-Dispensing, Threatens Licence Sanctions
NMDPRA detected under-dispensing of petrol at Nigerian filling stations, ordering immediate pump calibration and warning of licence revocation for serious or repeated violations.
FG Approves 830,000 Tonnes Petrol Import, Names 6 Marketers
FG approves 830,000 metric tonnes of petrol imports for Q4 2026, names six marketers, as Dangote cuts prices below import costs amid legal battle.
Dangote, Marketers Cut Petrol Prices as Crude Drops
Dangote Refinery and major marketers reduced petrol depot prices across Nigeria after Brent crude fell below $100 per barrel, with Calabar recording the lowest rate at N1,320 per litre.
CBN Slashes Interest Rate to 23%, Largest Single Cut in History
The Central Bank of Nigeria reduced its benchmark interest rate by 350 basis points to 23%, the largest cut in its history, following easing inflation.
Marketers Propose Refinery Revival to Cut Nigeria's Petrol Prices
PETROAN urges Nigeria to restart idle refineries to lower petrol prices, now N1,400-N1,500 per litre, and reduce reliance on single suppliers.
6 Oil Marketers Approved to Import 830,000 Tonnes Petrol
NMDPRA approved 830,000 metric tonnes of petrol imports for six marketers for Q4 2026, even as domestic refineries cover 76.7% of demand.
Dangote Cuts Petrol Price by N25, New Rate N1,325
Dangote Refinery reduces petrol ex-gantry price by N25 to N1,325 per litre, nine days after a N85 hike, following a drop in global crude oil prices.
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