Dangote Suspends Lagos Petrol Supply as Prices Hit ₦1,200
Dangote Refinery suspends coastal petrol sales to Lagos, redirecting supply to areas lacking imports, as prices cross ₦1,200 per litre.
Category : Oil Gas
AECAF Backs New WEC Nigeria Leadership, Urges Stronger Global Role
AECAF congratulates Abdulrazaq Isa and Bala Wunti on their WEC Nigeria appointments, urging the new board to champion a balanced energy transition and stronger global influence for Nigeria.
Dangote Warns as Nigeria's Petrol Imports Hit 43% in July
Nigeria's petrol imports surged to 43% of total supply in July, prompting Dangote Refinery to warn it may export surplus fuel as domestic demand forecasting becomes difficult.
Ikeja Electric Announces Power Outage in Lagos Until September 3
Ikeja Electric begins maintenance at Oworo 3x15 MVA Injection Substation, causing power interruptions in affected Lagos communities until September 3, 2026.
Crude Oil Drops Nearly 9% as Iran, Oman Reopen Strait
Crude oil prices plunged nearly 9% after Iran and Oman agreed to reopen the Strait of Hormuz, easing supply disruption fears and boosting global market stability.
Dangote raises petrol price to N1,200 per litre
Dangote Refinery increased petrol gantry price from N1,185 to N1,200 per litre effective August 26, 2026, citing revised pricing for coastal deliveries, potentially pushing pump prices to N1,250.
Dangote Raises Petrol Price to N1,200, Second Hike in 7 Days
Dangote Refinery raised petrol gantry price to N1,200 per litre, its second hike in a week, surpassing Lagos depot rates and prompting expected retail price reviews.
NNPCL Raises Petrol to N1,270; Dangote Adjusts to N1,200
NNPCL raises petrol price to N1,270 per litre in Abuja; Dangote Refinery adjusts to N1,200. Experts predict further hikes to N1,300 amid falling crude prices.
Dangote Refinery Drives 767% Surge in Nigeria's Petroleum Exports to Europe
Nigeria's petroleum exports to Europe surged by 767% in the first half of 2026, driven by the Dangote Refinery's output. The refinery now supplies a significant share of Europe's diesel and jet fuel imports, reshaping global trade flows.
Dangote Petrol Supply Hits 2026 Low as Imports Rise 9%
Dangote Refinery's July 2026 domestic petrol supply fell 21% to 25.8 million litres/day, the lowest in 2026, while imports rose 9% and the company raised prices by N20.
Imported Petrol Gains Ground as Dangote Output Dips in July 2026
Nigeria's domestic petrol supply fell 21% in July 2026, while imports rose 9%, as Dangote Refinery's output declined, according to official data. Despite this, Dangote's ex-gantry price remained N14 cheaper than imported fuel, highlighting ongoing market
Cooking Gas Price Gap: Sokoto N1,575/kg, Lagos N1,325/kg
In July 2026, Sokoto had the highest LPG price at N1,575/kg, while Lagos had the lowest at N1,325/kg, NMDPRA data shows.
Dangote Refinery Free Fuel Delivery Expands to 12 More States
Dangote Refinery expands free fuel delivery to Kano, Imo, and nearly 10 more states, boosting nationwide supply and reducing logistics costs.
Ghana Plans to Supply Electricity to Nigeria as West Africa Energy Hub
Ghana's Energy Minister Jinapor says the country will begin supplying electricity to Nigeria, targeting regional energy hub status with gas, renewables, and nuclear power.
Petrol Depot Prices Rise in Lagos, Warri, PH, Calabar as Crude Nears $95
Petrol depot prices rose across major Nigerian markets from August 17-21, 2026, with Calabar leading gains. Dangote Refinery also raised PMS and AGO prices, adding pressure as crude nears $95.
Nigeria's Oil Losses Plunge from 97% to 2% Under Tinubu
Oil losses in Nigeria fell from 97% to 2% under President Tinubu, according to Tony Elumelu, citing improved security and policy reforms.
Dangote Starts Kenya Refinery, Offers Three East African Countries 30% Stake
Aliko Dangote plans a $17 billion refinery in Kenya, offering Kenya, Ethiopia, and Rwanda a 30% equity stake. The project, moved from Tanzania, could transform East Africa's fuel supply.
Petrol Prices Rise in Abuja as Dangote Refinery Adjusts Rates
Petrol prices in Abuja have risen to ₦1,230–₦1,299 per litre after Dangote Refinery increased its ex-gantry price to ₦1,185, reversing recent reductions and adding pressure on motorists.
FG targets 10m homes with cooking gas, free refills for thousands
FG plans to expand the National Grassroots LPG Penetration Programme to 10 million Nigerian households by 2060, with 27,000 cylinders for Akwa Ibom women.
Trump Eases Beef Import Tariffs: 90-Day Deal to Lower Prices
Trump announced a 90-day deal allowing 300,000 metric tons of beef imports duty-free, sold 25% below market rates, to lower record-high US prices.
FG signs Delta Steel revival deal, secures $1.3bn investment
The Federal Government signed a Sub-lease and Operations Agreement with Premium Steel and Mines Limited to revive Delta Steel Company, targeting 1 million tonnes annual production and securing over $1.3 billion in investment commitment.
New Cooking Gas Prices Emerge as Depots Match Dangote Refinery
Depot operators adjust cooking gas prices to compete with Dangote Refinery's N935/kg rate, with average depot price now at N940/kg, offering potential relief for consumers.
NNPC, NUPRC Reforms Attract $20bn Gas Investments as Oil Hits 1.71m bpd
CFEAD commends NNPC and NUPRC for reforms that attracted over $20bn in gas deals and boosted oil production to 1.71m bpd, urging benefits for Nigerians.
BUA Cement Price Crash to N3,500: Current Rate in 2026
BUA Cement's 2023 promise of N3,500 per bag failed as prices hit N15,000 by 2026. FCCPC probes price disparities with other African nations.
Dangote Refinery Overtakes US as Top Jet-Fuel Supplier in Europe
Dangote Refinery became Europe's largest jet-fuel supplier in June 2024, supplying over 466,000 tonnes, as US and Indian refiners boost exports amid supply disruptions from Russia and the Middle East.
Dangote Offers East Africa 30% Stake in $1.7 Billion Refinery
Dangote Industries has offered East African nations a 30% equity stake in its planned $1.7 billion refinery in Uganda, aiming to secure regional fuel supply and reduce import dependency.
Petrol Prices Rise as Depots, Dangote Increase Rates
Nigerian petroleum depots, including Dangote Refinery, raised PMS prices by up to N30 per litre, pressuring filling stations to increase pump prices across the country.
Dangote Refinery Raises Petrol Price by N20 to N1,185/L
Dangote Refinery increased PMS gantry price by ₦20 to ₦1,185 per litre effective August 21, 2026, while Lagos depot prices range from ₦1,190 to ₦1,200, keeping Dangote's price below market benchmarks.
Dangote Refinery Raises Diesel Price by N100, New Rate N1,670/Litre
Dangote Petroleum Refinery increased its diesel gantry price by N100 per litre to N1,670, effective midnight August 21, 2026, impacting businesses reliant on diesel-powered generators.
Dangote Petrol Price at N1,165 Pressures Fuel Depots
Dangote Refinery holds petrol gantry price at N1,165/litre while import parity hits N1,212.45, creating a N47 gap. Depot prices in Lagos, Warri, Calabar, and Port Harcourt vary widely.
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