⛽ The Petrol Situation: Prices on the Move
Global crude prices (Brent) have spiked past $100 per barrel, and it’s hitting home.
Dangote Refinery Update: Gantry prices for petrol have adjusted again to roughly ₦1,175 per litre to keep up with rising global costs.
🚢 Nigeria’s "Blue Economy" is Full Steam Ahead! 🌊🇳🇬
Big changes are happening on our waters! From high-tech ports to a crackdown on corruption, Nigeria’s marine industry is getting a massive 2026 makeover. Here are the top headlines you need to know:
https://t.co/m4flnXP6ba
NNPC just dropped the Gas Master Plan (GMP) 2026! 🚀 We’re moving from talk to action. The goal? Make natural gas the heartbeat of Nigeria’s economy. 🧵 (1/4) #NNPC#GasMasterPlan
https://t.co/MhjE3rnKyT
🚨 Breaking News: Dangote Refinery Hikes Petrol Prices 🚨
Heads up! The "festive discount" on fuel is officially over. Dangote Refinery has announced a ₦100 increase in petrol prices.
https://t.co/QqwArLjnqr
Knowing How impossible it can be to do business in Nigeria, I will support @AlikoDangote Every time, Anytime and All Times even if he is wrong!
In The Past Two Year, Demonic Nigeria Politicians, Elites and Their Regulators have....
1. Tried using the EFCC to Frustrate Him!
2. Said His Diesel and Fuel was of Low Quality!
3. Tried to use Pengassan to Shutdown His Refinery!
4. Lied That Nigeria Has Working Refineries!
5. Tried Using Malta and Now Using Togo to Frustrate This Man!
6. Government Refused to Honour the Agreement on Government Shares of the Refinery,
What is @AlikoDangote's offence?
1. Building a Refinery with loans of over $20billion!
2. Helping Nigeria Save Forex that We Don't Have!
3. Helping Nigeria Stop Fuel Queues That Became a Part of Our Culture!
4. Helping Nigeria Prove to the World that Huge FDI's can work!
5. Helping Nigeria Change the Narrative that Businesses can strive outside the Corruption of Government and Religion!
So, Why Will I not Support This Nigeria Hero and An African Business Legend!
I will always support Aliko Dangote for Localization, Patriotism, Pan Africanism and Common Sense!
NIGERIA WORKS, WHEN NIGERIA IS PRODUCTIVE!
To further support customers, the refinery has introduced a 10-day credit facility, backed by bank guarantees, with a minimum purchase threshold of 500,000 litres.
PRESS RELEASE
NNPC Ltd Launches Health Insurance Package for Retail Attendants Nationwide
The Nigerian National Petroleum Company Limited (NNPC Ltd) has upped the ante in its quest to advance workers’ welfare and improve quality of service to its customers by launching a health insurance scheme for service attendants across its petrol stations nationwide.
The Attendants’ Health Insurance Scheme which was launched recently by the NNPC Retail Ltd, in partnership with NNPC HMO, will onboard over 7,000 service attendants onto the NNPC HMO platform, marking a significant stride in guaranteeing access to quality healthcare services for the attendants.
Speaking at the launch of the initiative which held at the NNPC Mega Station in Abuja, the Executive Director, Retail Operations and Mobility, Baba-Shettima Kukawa, who represented the Managing Director of NNPC Retail Limited, described the scheme as a significant milestone in the company’s ongoing commitment to deliver quality service to its customers.
He said the company recognised that its station attendants serve as the primary touchpoints with customers, and that their welfare could directly impact on the quality of engagement and service delivery in a market where service excellence has become a key differentiator.
“We have developed a comprehensive package known as the ‘Attendant Framework’, which focuses on enhancing their overall welfare. As part of this initiative, we are pleased to announce the rollout of HMO coverage effective this month. Our goal is to elevate service delivery, ensuring that every customer interaction reflects care, professionalism, and excellence, ultimately driving customer loyalty and sustained patronage,” the NNPC Retail MD stated.
He explained that the health insurance initiative transcends welfare support, as it was strategically designed to strengthen operational efficiency, boost productivity, and foster sustainable business growth, adding that the company was going beyond the pump to reinforce its commitment to its people, staff, and customers.
Also speaking at the event, the Deputy Director, Information Technology, Ademola Adebusuyi, who represented the Managing Director of NNPC HMO, stated that the company was in partnership with trusted healthcare providers to ensure that beneficiaries receive the best medical care and attention.
He explained that the scheme provides access to an extensive network of hospitals nationwide where attendants can receive quality healthcare services.
“Good health is the foundation of productivity, and we encourage you to fully utilize this opportunity. The Attendants’ Health Insurance Scheme is designed to guarantee access to healthcare whenever you need it, regardless of where you’re stationed across the country. Through this scheme, we want every attendant to feel supported, knowing that when illness strikes, they are not alone as the full weight of the organization stands with them,” he said.
Speaking on behalf of her colleagues, a Customer Service Attendant at NNPC Retail Mega Station, Abuja, Dorcas Luke Onyeche, commended the NRL management for prioritizing attendants’ welfare and well-being.
She noted that the health insurance scheme would give attendants the confidence to serve customers better and motivate them to contribute more meaningfully to the company’s success.
Andy Odeh
Chief Corporate Communications Officer
NNPC Ltd.
Abuja.
13th November, 2025.
One of Obasanjo’s boldest reforms was banning cement importation into Nigeria. It was a radical shift, and as soon as the Obajana Cement Factory was completed, OBJ stood firm. Yes, there were casualties — Folawiyo Cement, and others.
I still recall we had a bus stop before Tin Can called Cement. Around that area, Folawiyo used to re-bag cement. But OBJ’s objective was clear: encourage local production and achieve self-sufficiency.
Fast forward a few years, Nigeria is now producing cement not just for local use but also for export, creating millions of direct and indirect jobs.
That’s why, as a developing nation, we must boldly protect Dangote Refinery. The multiplier effect cannot be overstated. Depots don’t employ engineers or graduates and all of them combined don’t employ more than 1,000 people. But a refinery like Dangote’s can create over 40,000 jobs, directly and indirectly. That’s the kind of industry we should be protecting and supporting.
World Bank appoints Aliko Dangote to Elite Group
…Tasks him to drive Investment and job creations in emerging economies
The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.
In a statement confirming his acceptance, the African industrialist reaffirmed his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing markets.
“I am both honoured and excited to accept my appointment to the World Bank's Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” Dangote said.
“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”
The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent. With interests spanning cement, fertiliser, salt, sugar, and oil, the Group employs over 30,000 people and is the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined. It is also the country’s largest employer after the government.
The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.
In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.
The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.
Joining Dangote in the elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened focus on job creation as a central pillar of global development.
“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga. “This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate.”
The global bank said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.
The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.
The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group. The Lab is chaired by Shriti Vadera, Chair of Prudential plc.
#HotOffThePress 🚀
Rising above challenges with renewed strength! 🌟 The Itori facility, with two new cement lines, increases our capacity by 6 million metric tons. This addition boosts our total to an impressive 18 million metric tons in Ogun state.
🏗️ Plus, we're excited to announce construction of Nigeria’s largest port at Olokola, reinforcing our commitment to Nigeria's industrial power.
Stay tuned for more updates as we continue to build a stronger future!
#ResilienceAndGrowth #DangoteExpansion #NigeriaIndustrialPower
The richest man in Africa gambled $23 billion on building ONE oil refinery.
Everyone laughed...
But 11 years later, he DOUBLED his net worth in 1 year.
Now he processes 500,000 barrels of oil daily.
How Aliko Dangote changed global energy markets forever:🧵
OFFICIAL STATEMENT ON THE REDUCTION IN EX-DEPOT PRICE OF PMS BY N65
Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025.
This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu's economic recovery policy by alleviating the financial burden on the Nigerian populace.
It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.
Additionally, in December 2024, during the yuletide period, the refinery reduced the price of PMS by N70.50, from N970 to N899.50 per litre, as part of its commitment to easing the cost of living and providing relief to Nigerians during the holiday season. This reduction has positively impacted the overall cost of living, benefiting various sectors of the economy, and has also ensured that Nigerians did not experience the perennial fuel scarcity and price hikes typically associated with the yuletide season.
Nigerians will be able to purchase the high-quality Dangote petrol at the following prices in all our partners' retail outlets. For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East respectively.
The same product will also be available at the following prices in AP (Ardova Petroleum) and Heyden stations: N865 per litre in Lagos, N875 per litre in the South-West, N885 per litre in the North, and N895 per litre in the South-South and South-East.
Dangote Petroleum Refinery assures the public of a consistent supply of petroleum products, with sufficient reserves to meet domestic demand, as well as a surplus for export to enhance the country's foreign exchange earnings. The company calls on marketers to support this initiative, ensuring that Nigerians remain the primary beneficiaries of this effort. This collective action will contribute to the broader economic recovery plan led by His Excellency, President Bola Ahmed Tinubu, who is committed to making Nigeria self-sufficient in refined petroleum products and establishing the country as a leading oil export hub.
Management
26th February, 2025
Dangote Refinery is constructing an additional eight tanks to accommodate imported crude oil.
According to a report from Africa Report, the refinery is increasing its storage capacity by 6.29 million barrels, which is roughly equivalent to 1 billion liters.
The building of eight additional tanks will see crude storage capacity at the $20bn refinery jump by 41.67 per cent to 3.4 billion litres.
According to Devakumar Edwin, the Vice President responsible for the oil and gas sector at Dangote Industries, “Importing crude from other countries instead of buying locally means that our crude stockpiles will have to be higher.
“So we have started building eight additional crude tanks to hold a billion litres, over and above our original storage capacity. Four of them are nearing completion.”
The refinery is equipped with 20 crude storage tanks, each capable of holding 120 million liters, which brings the total storage capacity to 2.4 billion liters.
The total capacity of its refined product tanks amounts to 2.34 billion liters.
NNPC FOUNDATION BAGS IHSD AWARD
The Institute for Humanitarian Studies and Social Development (IHSD) has presented NNPC Foundation with the Humanitarian Excellence In Service Award and conferred its humanitarian personality award on the Managing Director of NNPC Foundation, Mrs. Emmanuel Arukwe, for leading the Foundation in outstanding contributions towards humanitarian value systems in Nigeria.
The conferment took place during the 14th Annual Humanitarian Public Lecture, Award, and Graduation/Induction Ceremony of the Institute held at the Shehu Musa Yaradua Centre in Abuja on Saturday.
#EnergyforToday #EnergyforTomorrow