Business
Dangote Refinery Reduces Cooking Gas Price to Less Than ₦800
The Dangote Refinery has once again shifted the energy market in Nigeria, this time by slashing the price of cooking gas to below ₦800 per kilogram, the cheapest the country has seen in years.
For months, Nigerians have battled with skyrocketing LPG costs that often ranged between ₦1,000 and ₦1,300 per kilogram, forcing many families to turn back to kerosene or even firewood. During a recent facility tour, Africa’s richest man, Aliko Dangote, promised to change that story. Now, he appears to be making good on his word.
The refinery, which produces around 22,000 tonnes of LPG daily, has enough capacity to influence prices across the country. By selling directly and avoiding multiple layers of middlemen, the refinery has pegged its ex-depot price at roughly ₦815/kg, undercutting other suppliers whose prices float between ₦825 and ₦900/kg.
If this trend holds, a standard 12.5kg cylinder could now sell between ₦10,200 and ₦11,000, compared to the ₦13,500 to ₦14,000 many Nigerians currently pay. For households struggling with high living costs, this is no small relief.
Many citizens have welcomed the move, praising Dangote for making clean energy more accessible. “People should not be cooking with firewood anymore,” he said, urging Nigerians to embrace safer and healthier alternatives.
But not everyone is pleased. Some long-standing gas marketers worry about being pushed out of the business. Industry players argue that while cheaper gas is welcome, Dangote’s dominance could edge smaller distributors aside and tilt the market too heavily in his favor.
- 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.
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.
Idi Mukhtar Maiha, Minister of Livestock Development, has revealed the government’s intention of placing women in the livestock transformation agenda that they have in store for Nigeria.
During a recent event, he praised women, describing them as the backbone of the country, and shared that the country will keep on needing their support, hence the inclusion of the agenda team.
He also praised the First Lady for the impact she has made in the country so far and her advocacy for women’s empowerment.
Fuji Star Shanko Rasheed Atanda Loses First Son
Love Island Star Rob Rausch Wins Traitors Season 4
Gospel Singer Busola Oke Opens Up About Financial Struggles
-
Entertainment17 hours ago“I Don’t Feel Safe” – Verydarkman Cries Out Online
-
Entertainment17 hours agoLove Island Star Rob Rausch Wins Traitors Season 4
-
Entertainment17 hours agoFuji Star Shanko Rasheed Atanda Loses First Son
-
Sport17 hours agoPaul Merson Names Mohamed Salah the Greatest Winger of All Time
-
Sport17 hours agoDiego Simeone Calls Out Ademola Lookman Over Defensive Duties
-
Entertainment17 hours agoGospel Singer Busola Oke Opens Up About Financial Struggles