Defining the African Energy Narrative.
Nigeria’s downstream petroleum market has entered another period of price volatility following the decision by Dangote Petroleum Refinery to discontinue naira-denominated sales of refined petroleum products in favour of US dollar pricing. The policy shift has triggered an immediate increase in depot prices, with petrol rising by as much as ₦113 per litre, signalling the […]
Nigeria’s Dangote Petroleum Refinery has imported its first-ever crude oil cargoes from the United Arab Emirates, marking a significant shift in its sourcing strategy as it seeks to secure more reliable feedstock supplies amid persistent domestic crude shortages. According to a report by S&P Global Commodity Insights, the 700,000-barrels-per-day refinery recently purchased two cargoes of […]
Dangote Petroleum Refinery filed the lawsuit in April against Nigeria’s attorney general, challenging fuel import licences issued or renewed by the NMDPRA to marketers and NNPC.
The planned listing of the Dangote Petroleum Refinery is increasingly being viewed as more than just another corporate planned initial public offering (IPO), as the conversation across financial and energy markets is shifting toward a much bigger question of whether the refinery shares can fundamentally redefine African energy investment. For decades, Africa’s energy story has […]
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has criticised the lawsuit filed by the Dangote Petroleum Refinery seeking to revoke fuel import licences issued by the Federal Government through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The association warned that the legal action could destabilise Nigeria’s downstream petroleum sector, disrupt […]
Nigeria’s latest attempt to revive its long-troubled refineries in a partnership with two Chinese companies has been met with deep skepticism from critics and energy experts. The state-owned energy company Nigerian National Petroleum Company Limited (NNPCL) recently signed a Memorandum of Understanding with Hong Kong-listed Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation […]
By Dr Ola Bello and Adejumo Kabir Adeniyi The ongoing conflict involving the United States, Israel, and Iran has triggered fresh volatility in global energy markets. With the closure of the Strait of Hormuz, a vital artery for global crude shipments, Brent crude prices have risen significantly above Nigeria’s 2026 budget benchmark of $64.85 per […]
Nigeria may be on the cusp of a significant shift in its energy and foreign exchange landscape, following the Dangote Petroleum Refinery’s achievement of full operational capacity. Chairman of First HoldCo, Femi Otedola, expressed optimism that the naira could strengthen substantially in the coming months, projecting that the currency may trade below ₦1,000 per dollar […]
Nigeria’s long-awaited domestic refining breakthrough is facing an unexpected stress test. The challenge appears not from crude supply, capacity, or foreign exchange, but from how fuel is moved after it is refined. The Dangote Petroleum Refinery, on Thursday, warned that dependence on coastal logistics could push petrol prices towards ₦1,000 per litre, highlighting a critical […]
