Dangote Refinery Reduces PMS Price From N990 to N970 as a Year-End Thanks to Nigerians

Published

2 years ago

November 24, 2024

Photo source: Google

In a move aimed at easing fuel costs for Nigerians, Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) from N990 per litre to N970.

This change is due to the year drawing to a close, reflecting the refinery’s gratitude to Nigerians for their continuous support and the government’s efforts in fostering local enterprise.

The statement released by the refinery emphasizes the company’s commitment to quality and sustainability.

“This is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a reality,” it reads.

The company also showed its appreciation for the government’s backing, noting that the reduction aligns with measures to bolster domestic enterprise for national growth and well-being.

The Dangote Refinery, a groundbreaking project in Africa’s oil and gas industry, has positioned itself as a key player in Nigeria’s energy sector.

Launched to address the nation’s dependence on imported petroleum products, the facility is the largest single-train refinery in the world, capable of refining 650,000 barrels of crude oil daily.

This capacity is expected to significantly impact Nigeria’s fuel supply, reducing import dependency and ensuring stable availability.

The refinery reassured Nigerians of its determination to ramp up production to not only meet but surpass the country’s fuel consumption demands.

“We assure you of best quality products that are environmentally friendly and sustainable,” the statement added.

Aliko Dangote Speaks on His Children and Carrying on His Family Name

Published

5 days ago

September 15, 2026

Ese Ohwofa

Aliko Dangote speaks on his lineage and addresses not having a son as he was asked about not having a son to carry his name and achievements.

“That is not my priority because God controls everything. You can pray for God to give you a son, but he might be the one to take down the name of the family.”

Instead, he shared that he does not mind not having a son. “I don’t think a son would have done better than the three daughters I have.”

Aside from that, he was also asked about giving advice to young Nigerians. “Work hard, be consistent, focused and know what you want to do.”

Dangote Investment Draws Huge Traffic to Bamboo, Cowrywise Platforms

Published

5 days ago

September 15, 2026

Ese Ohwofa

It can be reported that following Aliko Dangote’s investment opportunity, some investment platforms are experiencing huge traffic, causing their platforms to become slow and go down.

Two platforms openly announced their issues. Bamboo said “Hey everyone, we’re getting a much higher than expected traffic trying to get into the Dangote IPO and it’s making it difficult for some users to log into the Bamboo app. We’re working on a fix and it will be up and running shortly.”

Cowrywise also said “We’re currently seeing more traffic than usual on the Cowrywise app. Our team is already on it and working to get things back to normal. Thanks for your patience, everyone.”

Business

Economist Bismarck Rewane Speaks on Dangote Refinery Investment

Published

1 week ago

September 11, 2026

Ese Ohwofa

Nigerian economist Bismarck Rewane advises Nigerians financially, sharing that Nigerians should engage in the Dangote Refinery initial public offering (IPO). He stated that it was a good investment.

He shared “You are better off with your N5,000 share than selling your PVC for N10,000 or N15,000 and consuming it,” Rewane said.

“If you can get 10 million shareholders to participate in the IPO, the Dangote Refinery will have the largest number of shareholders in the world,” he said.