Tag: Aliko Dangote news

Dangote Rejects NNPCL Move to Increase Refinery Stake Ahead of Planned Public Listing

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Dangote Rejects NNPCL Move to Increase Refinery Stake Ahead of Planned Public Listing

President of the Dangote Group, Aliko Dangote, has confirmed that the company turned down attempts by the Nigerian National Petroleum Company Limited to increase its existing 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote disclosed this during an interview with Nicolai Tangen, Chief Executive Officer of Norway’s Sovereign Wealth Fund, monitored on Wednesday….

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Petroleum

Dangote Begins 1.5 Billion-Litre Monthly Petrol Supply to End Nigeria’s Holiday Fuel Scarcity

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Dangote Begins 1.5 Billion-Litre Monthly Petrol Supply to End Nigeria’s Holiday Fuel Scarcity

The Dangote Petroleum Refinery has announced a major intervention in Nigeria’s downstream sector with plans to supply 1.5 billion litres of Premium Motor Spirit (PMS) monthly to the Nigerian market. The supply is scheduled to begin in December 2025 and continue through January 2026, an effort aimed at ensuring nationwide fuel availability during the festive…

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Petroleum

Dangote Alleges NUPENG Truck Levies Are Fueling Pump Price Hikes

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Dangote Alleges NUPENG Truck Levies Are Fueling Pump Price Hikes

President of Dangote Group, Aliko Dangote, has accused the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) of imposing heavy loading charges on fuel trucks at his multi-billion-dollar refinery, warning that the levies are driving up fuel pump prices across the country. Dangote speaking to journalists in Lagos alleged that NUPENG collects between ₦48,000…

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Petroleum, Power and Energy