Business
Dangote Refinery Begins Petrol Production, Considers Export Amid Local Blockade
The Dangote Petroleum Refinery has officially commenced petrol production at its facility in Lagos State, marking a significant milestone for the country’s energy sector.
The announcement was made on Monday by Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited, during an interview on the Brekete Family show.
Edwin revealed that petrol production at the refinery began on Sunday, signalling the completion of one of the refinery’s key phases.
He added that while the company is prepared to meet domestic demand, there is a possibility that the petrol may be exported if local traders or the Nigerian National Petroleum Company Limited (NNPCL) do not purchase the product.
The refinery, which had already been producing aviation fuel, kerosene, and diesel, encountered challenges in distributing these products within Nigeria due to what Edwin described as a “blockade” by traders.
If similar issues arise with petrol, Dangote Refinery will be forced to export the fuel to other markets.
“We’ve been exporting aviation fuel, producing kerosene, and manufacturing diesel, but yesterday, we moved to the final stage by starting the production of Premium Motor Spirit (PMS), commonly known as petrol,” Edwin said.
“The only thing left now is to start producing petrochemicals, which will happen soon.”
Edwin emphasised that Dangote Refinery is ready to supply as much petrol as the country needs. However, if the NNPCL or local traders continue to delay or block the lifting of products, the company will have no choice but to export the petrol, as they are already doing with jet fuel and diesel.
“While we are prepared to pump as much petrol as possible into the Nigerian market, if there’s no uptake from traders or the NNPC, we will export the product just like we’ve been doing with aviation fuel and diesel,” he explained.
This development is seen as a potential game-changer for Nigeria’s fuel supply, as the Dangote Refinery has the capacity to significantly reduce the country’s dependence on imported fuel.
However, the refinery’s readiness to export fuel if local consumption is not prioritised raises questions about the domestic distribution network and the role of traders and government agencies in ensuring a smooth flow of products within the country.
Business
Dangote Refinery Increases Petrol and Diesel Prices
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
Business
10 Businesses to Invest in 2026: Best Sectors, Stocks, and Companies to Watch
- MTN Nigeria Communications Plc (MTNN) – Strong telecom growth and 5G expansion.
- Dangote Cement Plc (DANGCEM) – Leading cement maker benefiting from infrastructure demand.
- Guinness Nigeria Plc (GUINNESS) – Consumer stock with solid turnaround potential.
- Okomu Oil Palm Plc (OKOMUOIL) – Agriculture stock tied to palm oil demand.
- Seplat Energy Plc (SEPLAT) – Energy player with gas and oil sector exposure.
- Zenith Bank Plc (ZENITHBANK) – Tier-1 bank with strong financial performance.
- Guaranty Trust Holding Company Plc (GTCO) – Leading bank with diversified revenue streams.
- Presco Plc (PRESCO) – Palm oil producer with export and dividend potential.
- NASCON Allied Industries Plc (NASCON) – FMCG stock with strong fundamentals.
- Aradel Holdings Plc (ARADEL) – Growing energy sector stock with upstream exposure.
Business
BATNF, NYSC Collaborate to Promote Agribusiness Among Corps Members
It has been noted that the National Youth Service Corps (NYSC) and British American Tobacco Nigeria Foundation (BATNF) plan to renew their partnership in agribusiness.
The new project is to involve youth in the agriculture business, widen their horizons, and educate them about the agritech sector.
The general manager shared that “The foundation is not only providing grants but also building a system of mentorship, structure, and support that enables corps members to see agribusiness as a serious enterprise pathway.” The plan is to use the NYSC platform to engage youths.
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