
Aliko Dangote







The Dangote refinery, completed in 2023, has been ranked higher than European refineries, and there are expectations that it will meet all of Nigeria's energy needs.

Numerous Nigerian filling stations were shut on Wednesday as a result of fuel scarcity as huge queues resurfaced at the few locations that sold Premium Motor Spirit.

Oil marketers have dashed the hopes of Nigerians who anticipated buying diesel below N1,000 at filling stations after Dangote refinery crashed price.

Cement bags weighing 50 kg used to cost between N10,000 and N15,000, but in recent weeks, the price has plummeted dramatically to between N7,000 and N8,000.

Dangote Refinery has decided to review the cost of buying a liter again, and manufacturers are excited that the new price will make goods cheaper.

Cooking gas price in Nigeria is crashing from a high of N1,500 per kg it sold a few weeks ago to N1,100 following the appreciation of the naira against the dollar.

The Dangote Refinery has been credited by the Independent Petroleum Marketers Association of Nigeria for lowering fuel prices from N1,200 to N1,000.

Nascon Allied Industries Plc says its proposed merger with Dangote Sugar Refinery has been suspended due to the comments and recommendations of the SEC.

In the coming month, the Dangote Refinery will begin selling petrol to Nigerians and other markets and has bought more crude oil from the US to achieve the target.
Aliko Dangote
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