Investogist
No Result
View All Result
Friday, July 3, 2026
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Dangote Refinery Raises Petrol to ₦1,175, Diesel to ₦1,620

    FG Orders Marketers to Cut Petrol Prices as Global Crude Crashes 40%

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FG Scraps Military Leadership of NYSC, Redesigns Uniform

    FRSC to Begin Nationwide Recruitment July 3, 2026

    FRSC to Begin Nationwide Recruitment July 3, 2026

    Court Reverses its Ruling, Strips NDC of Registration Status

    Court Reverses its Ruling, Strips NDC of Registration Status

    Venezuela Earthquake Death Toll Rises to 589

    Venezuela Earthquake Death Toll Rises to 589

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Twin Earthquakes Kill at Least 164 in Venezuela; Thousands Feared Dead

    Ebola Reaches Europe as France Confirms First Imported Case

    Ebola Reaches Europe as France Confirms First Imported Case

    FG Announces Major Mineral Discovery in Kaduna

    FG Announces Major Mineral Discovery in Kaduna

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    CBN fines nine banks 150 million Naira each for failing to dispense cash

    46 Microfinance Banks Shut Down by CBN: See Full List

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Cornerstone Insurance Announces Separation of Composite Operations into FIN Insurance

    Bill to prohibit foreign currency use in Nigeria scales first reading

    Nigeria’s Capital Importation Hits $10.37bn in Q1 2026

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Announces Currency Options for 4.26 Cents Final Dividend

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Dangote Refinery Slashes Jet Fuel Price to N1,650/Litre

    Access Bank UK set to acquire Mauritius  AfrAsia Bank

    Access Holdings Explains Non-Payment of 2025 Dividend Despite N1.01 Trillion Profit

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    United Capital Completes Recapitalisation of SEC-Regulated Subsidiaries 14 Months a Ahead of Regulatory Deadline

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Airtel Africa Announces Total Voting Rights and Share Capital

    Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

    PZ Cussons Nigeria profit Soars 388%

    PZ Cussons Nigeria profit Soars 388%

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Dangote Slashes Petrol Price to ₦1,125/Litre

    Forbes Releases 2026 Africa’s Richest Billionaires List: Dangote Leads with $28.5 Billion

    SEC Halts Dangote Refinery IPO Promotions

    Ellah Lakes secures SEC approval for N235bn Offer to Acquire ARPN

    Ellah Lakes Strengthens Agribusiness Platform with Palm Kernel Oil Mill Progress and Piggery Expansion

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Lafarge Africa Officially Rebrands to HBM Nigeria Plc

    Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

    Premier Paints Plc Delays Mandatory Tender Offer by Xenergi Plc

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    Regency Alliance Insurance Launches ₦3.04bn Rights Issue to Fund Growth, Digital Push — Opens June 22

    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    Aliko Dangote Secures Approval for Ethiopia-Djibouti Oil and Gas Pipelines Projects

    NEIMETH lists additional 2.37 billion shares on NGX

    Neimeth Opens N4.00 Rights Issue to Shareholders

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    NCR Nigeria explains the delay in filing the Q1 2026 Account

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    MicroStrategy Raises $82 Million in Stock Sale, Pauses Bitcoin Purchases

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Banking Stability Concerns Rise as Nestoil Loans Block Dividends at Three Major Banks

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Nestlé Nigeria Publishes List of Unclaimed Dividends

    Acceptance for Champion Breweries Plc Take-Over Offer closes soon

    Champion Breweries Lists 2.38 Billion New Shares on NGX After Hybrid Offer

    NGX Delists DN Tyre, Greif Nigeria from Official List

    NGX Delists DN Tyre, Greif Nigeria from Official List

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Business

Dangote Refinery commences production

Saturday, 13 January 2024, 5:49 pm
in Business, Companies
0
Dangote Refinery commences production
Share Share Share Share Send as Email

Dangote Refinery has commenced production of diesel and aviation fuel.

The Cable reported that the 650,00 barrels per day refinery commenced operation in the early hours of Friday.

Also read; Blackrock to acquire Bayo Ogunlesi’s Infrastructure firm GIP for US$12.3 billion

Alhaji Aliko Dangote in a post by the Dangote Group on X (formerly Twitter) thanked President Bola Ahmed Tinubu for his support and encouragement towards the actualization of the project.

Aliko Dangote had said the refinery has secured a license to refine more than 300,000 barrels of crude per day.

He also said the products would hit the market within the month after all regulatory approvals are received.

Dangote also thanked the Nigerian National Petroleum Company Limited, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and Nigerians for their support and belief in the historic project.

“We thank President Bola Tinubu for his support and for making our dream come true. This production, as witnessed today, would not have been possible without his visionary leadership and prompt attention to details”.

“This is a big day for Nigeria. We are delighted to have reached this significant milestone. This is an important achievement for our country as it demonstrates our ability to develop and deliver large capital projects. This is a game changer for our country.

The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The refinery design complies with the World Bank, US EPA, European emission norms, and DPR emission/effluent norms.

“I must extend our sincere appreciation to our Bankers and financiers, both local and offshore. In the same vein, we thank the Government of Lagos State, under the leadership of Babajide Sanwo-Olu. I also sincerely thank our host communities and their Traditional leaders.”

Dangote Refinery recently received the sixth one million barrels of crude cargo required for the commencement of operations.

The refinery got the first one million barrels of crude oil shipment from Shell International Trading and Shipping Company Limited (STASCO) at its facility in Lekki on 8 December 2023.

It received the second shipment from NNPC on December 202, 2023 and the third from STASCO on December 29, 2023.

The NNPC supplied the fourth and fifth one million crude shipment on January 1 and 5 respectively.

Upon the receipt of the sixth shipment, Akin Omole, managing Director of Dangote Ports Operations told journalists that the receipt of six million barrels of crude would “facilitate the initial run of the refinery as well as kick-start the production of diesel, aviation fuel, and Liquified Petroleum Gas (LPG) before subsequently progressing to the production of Premium Motor Spirit (PMS).”

Former President Muhammadu Buhari had in May 2023 commissioned the refinery, the largest oil refinery in Africa and the world’s biggest single-train facility.

The Nigerian National Petroleum Corporation (NNPC) Limited owns 20% stake in Dangote Refinery.

Nnamdi Maduakor
Nnamdi Maduakor

Nnamdi Maduakor is a Writer, Investor and Entrepreneur

Related Posts:

  • Dangote refinery product tanks
    Dangote Refinery commences production of petrol
  • Soybean
    Ellah Lakes Plc subsidiary to boost soybean…
  • Dangote
    Buhari finally inaugurates Dangote refinery, facts…
  • Dangote
    Dangote Refinery will supply first product to market…
Previous Post

Blackrock to acquire Bayo Ogunlesi’s Infrastructure firm GIP for US$12.3 billion

Next Post

Tobi Bakre and Ini-Abasi Jeffrey Selected for Berlinale Talents 2024

Next Post
Tobi Bakre and Ini-Abasi Jeffrey Selected for Berlinale Talents 2024

Tobi Bakre and Ini-Abasi Jeffrey Selected for Berlinale Talents 2024

Please login to join discussion
  • Trending
  • Comments
  • Latest
Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

CBN fines nine banks 150 million Naira each for failing to dispense cash

46 Microfinance Banks Shut Down by CBN: See Full List

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

FRSC to Begin Nationwide Recruitment July 3, 2026

FRSC to Begin Nationwide Recruitment July 3, 2026

Airtel Africa Announces Total Voting Rights and Share Capital

Airtel Africa CEO, CFO Receive 794,344 Long Term Incentives Shares Award

Union Dicon Salt Plc Announces Urgent Public Notice Seeking Immediate Contact from Majority Shareholder Aims Limited

Land Dispute: Ellah Lakes Issues Public Notice on Iguelaba Property

CBN fines nine banks 150 million Naira each for failing to dispense cash

46 Microfinance Banks Shut Down by CBN: See Full List

PZ Cussons Nigeria profit Soars 388%

PZ Cussons Nigeria profit Soars 388%

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2026 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
    • Financial Education
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Financial Education
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved