Dangote Refinery Cuts Fuel Prices Again, signals further moderation
Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), marking its fourth price cut within a month as the company said it continues to pass lower production costs to consumers despite still processing crude oil purchased at significantly higher international prices.
The latest N50 per litre reduction brings the cumulative decrease in the refinery's PMS ex depot price to N200 per litre since May 30, 2026, reducing the gantry price to 1, 075. Over the same period, the refinery has reduced the ex-depot price of Automotive Gas Oil (AGO) by N300 per litre and Jet A1 aviation fuel by N520 per litre.
The company said the successive reductions demonstrate its commitment to ensuring Nigerians benefit from favourable market developments while maintaining the long-term sustainability of domestic refining operations.
Dangote Cement Declares Record N753.8bn Dividend, Pays N45 Per Share
Dangote Cement Plc has once again demonstrated its commitment to shareholder value by declaring a record dividend payout of N753.8 billion, translating to N45 per share for the 2025 financial year. The payout represents a 50% increase from the N30 per share paid in the previous year.
The historic dividend reflects the company's strong financial performance, resilient earnings capacity, and robust cash generation, despite a challenging business environment. It also underscores Dangote Cement's unwavering focus on delivering sustainable returns to investors.
Over the last 15 years, the company has distributed more than N3.3 trillion in dividends to shareholders, making it one of the most rewarding investments on the Nigerian Exchange and a consistent creator of long-term wealth.
As Africa's largest cement producer continues to expand its footprint across the continent, Dangote Cement remains focused on creating value for shareholders, driving industrial growth, and maintaining its position as a leading blue-chip stock in Africa.
President/CE of Dangote Industries Limited, Aliko Dangote, with President of the United Republic of Tanzania, H.E. Samia Suluhu Hassan, during discussions at the State House in Dar es Salaam on expanding Dangote Group's investments in Tanzania.
The discussions focused on opportunities across transport infrastructure, domestic fertiliser production, and the energy sector, reflecting a shared commitment to accelerating industrialisation, creating sustainable jobs, and strengthening regional economic integration.
As Africa continues to build stronger intra-African partnerships, collaboration between governments and the private sector will remain essential to unlocking investment, expanding productive capacity, and driving long-term economic transformation across the continent.
#DangoteGroup #Industrialisation #AfricaRising #Investment #EconomicDevelopment
Fuel markets are complex, but commercial logic is often simple.
Recent claims have suggested that products produced locally are exported to neighbouring countries and then re-imported into Nigeria. Before accepting such claims, it is worth asking a few important questions:
• Does it make commercial sense to incur additional shipping, storage, financing and handling costs only for a product to return and compete in its largest and closest market?
• Who benefits financially from such a transaction?
• Where is the value created along the chain?
Nigeria remains one of the largest fuel markets in Africa, and domestic demand remains the priority. Exports occur only for volumes not purchased by domestic marketers.
As with any market discussion, facts, economics, and commercial realities matter.
Swipe through to understand the commercial logic behind the conversation.
#DangoteRefinery #EnergySecurity #DomesticRefining #FuelMarkets #NigeriaEnergy #Industrialisation #MadeInNigeria
Representatives of Dangote Industries Limited, led by Managing Director, Infrastructure and Logistics, Captain Jamil Abubakar, recently engaged with the people of Ode Omi Community in Ogun State as part of ongoing preparations for the proposed Deep Seaport project.
Expected to be the largest seaport in Africa, the project represents a significant investment in infrastructure, trade facilitation, logistics capacity, and long-term economic development.
The engagement provided an opportunity to strengthen dialogue with the host community, share the vision for the project, and reinforce the importance of partnership, inclusion, and shared prosperity as development plans progress.
#DangoteDeepSeaport #InfrastructureDevelopment #CommunityEngagement #DangoteGroup
Africa's future food security will depend not only on what we grow, but on what we produce.
We are pleased to announce Africa Finance Corporation's support for a US$7 billion expansion programme that will significantly increase Dangote Fertiliser's production capacity in Nigeria and establish a major new fertiliser manufacturing platform in Ethiopia.
The expansion represents a major step towards strengthening agricultural productivity, reducing dependence on imported fertiliser, supporting farmers, and improving food security across the continent.
At a time when population growth, climate pressures, and global supply chain disruptions continue to challenge food systems worldwide, Africa must build the industrial capacity required to support its own development. This investment is about more than fertiliser production. It is about creating the foundations for long-term agricultural resilience, economic growth, and greater self-sufficiency across Africa.
Together with partners such as Africa Finance Corporation, we remain committed to building world-class industrial platforms that address critical challenges and unlock opportunities for future generations.
#DangoteFertiliser #FoodSecurity #Industrialisation #AfricaFinanceCorporation #DangoteGroup
“A wonder of the world.”
That was how Standard Bank Group CEO, Sim Tshabalala, described the Dangote Petroleum Refinery during his visit to the facility.
The refinery is more than an industrial asset. It represents what is possible when bold vision is matched with long-term investment, execution, and a commitment to solving some of Africa's most pressing challenges.
As Africa continues to strengthen its industrial capacity, strategic partnerships between industry and finance will remain critical to unlocking growth, enhancing energy security, and creating lasting economic value across the continent.
We appreciate the continued support of partners who share our belief in Africa's future and its potential to lead through production, innovation, and scale.
#DangoteRefinery #AfricaIndustrialisation #StrategicPartnerships #EnergySecurity #DangoteGroup
Dangote Group has been recognised as the Most Admired African Brand at the 16th annual Brand Africa 100: Africa's Best Brands rankings, unveiled in Addis Ababa, Ethiopia.
While we are honoured by this recognition, we see it as more than a reflection of brand strength. It is a recognition of the power of long-term investment, industrialisation, and the belief that African institutions can build at a scale capable of transforming economies and creating lasting impact.
Across cement, fertiliser, petrochemicals, refining, logistics, and infrastructure, our focus remains unchanged: building the industries, systems, and capacity that support Africa's growth and future prosperity.
We thank our customers, partners, employees, and stakeholders across the continent for their continued trust and support.
#DangoteGroup #MostAdmiredAfricanBrand #Industrialisation
This is not just about Nigeria.
The refinery serves a region.
West Africa gains stability from shared infrastructure.
#WestAfrica#RegionalImpact#Energy
Why the refinery matters globally:
It reduces pressure on existing supply systems
It creates alternative capacity
It stabilises regional demand
That has global impact.
#GlobalImpact#EnergyMarkets