Petrol Price Drops Below ₦1,300 as Dangote Refinery Cuts Fuel Cost 

Adetutu A, The Insights 3 June 2026

Petrol Price Reduction in Nigeria Brings Relief to Motorists  Nigerians have begun to experience a slight reduction in fuel costs as several filling stations in Lagos and Ogun states now sell petrol below ₦1,300 per litre following a fresh price cut by the Dangote Petroleum Refinery. 

Dangote Refinery Becomes World’s Largest Jet Fuel Exporter: What It Means for Nigeria’s Economy and Air Travel 

Adetutu A, The Insights 29 May 2026

Nigeria has recorded another major milestone on the global energy stage as Dangote Refinery reportedly became the world’s largest exporter of aviation fuel (Jet A1) in April 2026.  According to a report by S&P Global Energy, the refinery achieved this feat following disruptions in global fuel supply chains caused by tensions and

NNPC Signs New Deal to Revamp Port Harcourt and Warri Refineries

Adetutu A, The Insights 5 May 2026

  A Fresh Push for Nigeria’s Refinery Revival  The Nigerian National Petroleum Company Limited has signed a new agreement with two Chinese firms to accelerate the rehabilitation and restart of Nigeria’s refineries in Port Harcourt and Warri.  This development comes nearly one year after the shutdown of the Port Harcourt Refining Company for maintenance,

Dangote Refinery IPO Rumor: Could Africa’s Biggest Refinery Go Public Between June and July? 

Adetutu A, The Insights 16 April 2026

Recent claims circulating on social media suggest that the Dangote Petroleum Refinery may be heading for a stock market listing between June and July, with a valuation reportedly between $40 billion and $50 billion, and a possible 5%–10% equity offering worth up to $5 billion (₦6–7 trillion).  While this has generated excitement across

Top 10 Largest Refineries in Africa 2026: How the Continent Is Reducing Fuel Imports and Building Energy Independence 

Adetutu A, The Insights 13 April 2026

Africa’s oil and gas sector is entering a powerful new era in 2026. Despite holding nearly 8% of the world’s proven crude oil reserves, the continent has long struggled with one major challenge: low refining capacity.  For decades, many African countries exported crude oil but imported refined petroleum products like petrol, diesel, aviation fuel, and

Nigeria Suspends Gasoline Import Licences to Boost Local Refining 

Adetutu A, The Insights 11 March 2026

The Nigerian government has suspended gasoline import licences as part of its ongoing enforcement of the Petroleum Industry Act (PIA). The move is aimed at encouraging local refining and energy independence, reducing reliance on imported fuel, and addressing recurring fuel shortages in the country.  Strengthening Domestic Refineries  This policy is expected to

Celebrating Aliko Dangote: A Legacy of Vision, Hard Work, and Impact 

Adetutu A, The Insights 10 April 2025

Aliko Dangote Today, April 10th, marks the birthday of Aliko Dangote, Africa’s richest man and one of Nigeria’s most influential business icons. Born in 1957 in Kano State, Dangote has not only built an empire from scratch but also proven that with vision, persistence, and discipline, anything is possible. As we celebrate his 68th birthday, […]

Understanding the Market Forces Behind Petrol Price Reductions 

Adetutu A, The Insights 26 December 2024

Reduction in petrol prices by Dangote Refinery – insightsng This article explores the recent reduction in petrol prices by Dangote Refinery, emphasizing the role of market forces, the importance of local production, and lessons for Nigerians in building sustainable businesses and reducing reliance on imports.  The Role of Market Dynamics  The recent reduction in the

Dangote Raises Alarm on Substandard Fuel Depot Operations 

Adetutu A, The Insights 4 November 2024

Dangote’s refined petrol – ARDnig Dangote Refinery has raised concerns over a depot blending substandard fuel, which poses safety risks and undermines local industry. Misleading claims by some marketers about cheaper fuel are debunked, with calls for stricter regulation and public awareness.  Alert on Substandard Fuel Blending  The Dangote Petroleum

Afe Babalola to FG: Allow Dangote Sell Petrol at Lower Rates 

Adetutu A, The Insights 23 September 2024

Dangote Refinery Afe Babalola, founder of Afe Babalola University (ABUAD) in Ado-Ekiti, has called on the Federal Government and the Nigerian National Petroleum Company Limited (NNPCL) to allow Dangote Refinery to sell fuel directly to Nigerians at a lower rate. Babalola criticized NNPCL’s monopoly, saying it prevents Nigerians from benefiting from potentially lower fuel