Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.
Nigeria’s central bank says petrol prices could average about ₦950 per litre in 2026, reflecting oil price assumptions, exchange rate trends and refining capacity.
Dangote Refinery says petrol prices could hit ₦1,400 per litre without domestic refining, warning that heavy import reliance leaves Nigeria exposed to sharp fuel cost swings.
Aggressive fuel discounts by MRS Oil following Dangote refinery cuts are forcing NNPC and rivals to slash prices, intensifying competition across Nigeria’s petrol market.
Nigeria’s fuel regulator says petrol supply increased in November despite lower than expected output from the Dangote Refinery, with imports accounting for most of the surge.
Aliko Dangote accuses Nigeria’s fuel regulators of undermining local refining, escalating a dispute over imports, transparency and energy policy direction.
Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.
Senate President Godswill Akpabio has rallied the upper chamber behind Tinubu's $516 million superhighway loan, ordering a committee to conclude its review in one week.