…Minimum investment remains N5,250 for 10 shares The Dangote Petroleum Refinery has taken another major step towards deepening retail participation in its ongoing Initial Public Offering (IPO) by enabling prospective investors to subscribe for shares through participating Moniepoint Point-of-Sale (POS) agents across the country. The initiative is designed to bring …
Read More »
Mr David Adonri, Vice President of Highcap Securities, has advised potential investors not to be deterred by concerns over possible oversubscription of the ongoing Initial Public Offering (IPO) by Dangote Petroleum Refinery and Petrochemicals (FZE). Adonrin revealed on Sunday in Lagos that the IPO had yet to close and be …
Read More »
Dr Umaru Kwairanga, Chairman, Nigerian Exchange Group (NGX Group), says the Dangote Petroleum Refinery Initial Public Offering (IPO) signals Nigeria’s readiness to support large-scale capital raising through its capital market. Kwairanga said this on the sidelines of Fintech Money 20/20 Middle East at the Riyadh International Conference Centre, Saudi Arabia, …
Read More »
The Dangote Petroleum Refinery has reduced its ex-gantry price of Premium Motor Spirit, popularly known as petrol, from N1,125 per litre to N1,075 per litre. The latest adjustment represents a N50 or 4.4 per cent reduction from the previous price and is expected to further intensify competition in Nigeria’s downstream …
Read More »
The Nigerian National Petroleum Company Limited (NNPCL) has reduced its petrol pump price for the second time in four days. According to a market survey conducted by Daily Post, NNPCL retail outlets around Airport Junction, Wuse Zone 6, and Berger in Abuja had reduced the pump price of petrol to …
Read More »
The Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit, also known as petrol, from ₦1,275 to ₦1,250 per litre. The reduction represents a two per cent decrease. According to Vanguard, market checks confirmed the adjustment amid intensifying competition in Nigeria’s deregulated downstream petroleum market and declining crude …
Read More »
The President of the Dangote Group, Aliko Dangote, has said the group rejected requests by the Nigerian National Petroleum Company Limited to increase its 7.25 per cent stake in the Dangote Petroleum Refinery. Dangote stated this in an interview with the Chief Executive Officer of the Norwegian Sovereign Wealth Fund, …
Read More »
THE Dangote Petroleum Refinery and Petrochemicals Limited has appointed David Bird, former head of Oman’s Duqm Refinery, as its new Chief Executive Officer. He replaced Devakumar V. G. Edwin with effect from July 2025. A report by S&P global on Friday confirmed that Bird now heads the refinery’s petroleum …
Read More »
Dangote Petroleum Refinery has announced a reduction in its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, from N880 to N840 per litre. This was confirmed on Monday night by the Group’s spokesperson, Anthony Chiejina. Chiejina said, “PMS price has been reduced from N880 to N840 per …
Read More »
Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion …
Read More »
