Dangote Petroleum Refinery & Petrochemicals FZE has obtained $1 billion in underwriting support from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group in preparation for its upcoming initial public offering.

Nigeria's Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, stating no application for such an offer has been made.

Nigeria's National Pension Commission (PenCom) has issued a special regulatory waiver, allowing Pension Fund Administrators (PFAs) to invest pension assets in the upcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals.

Less than 24 hours after Dangote Petroleum Refinery & Petrochemicals raised the gantry price of Premium Motor Spirit (PMS), also known as petrol, by N100 per litre, its partner retail outlet, MRS Oil Nigeria Plc, and NNPC Limited have increased their pump prices by a similar margin. The post Dangote’s partner station MRS, NNPC raise petrol price by N100/litre appeared first on Vanguard News.

S&P Global reports that the Dangote Petroleum Refinery & Petrochemicals is protecting the Nigerian market from external price shocks by maintaining stable domestic fuel prices. This competitive pricing helps consumers avoid import-driven increases, as the cost of transporting clean petroleum products from Northwest Europe to West Africa has risen.

Dangote Petroleum Refinery & Petrochemicals has reiterated its commitment to fostering the next generation of African engineers and industrial leaders, demonstrated by hosting students from the Federal University of Technology, Owerri.

Dangote Petroleum Refinery & Petrochemicals has stated that the price of Premium Motor Spirit (PMS) remains unchanged, amid concerns over potential volatility in the downstream market.

Nigeria's Securities and Exchange Commission has ordered an immediate stop to the marketing activities for a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE.

Dangote Petroleum Refinery & Petrochemicals has announced a fresh reduction in the ex-depot prices of Premium Motor Spirit, PMS, popularly known as petrol, and Automotive Gas Oil, AGO, also known as…

Human rights lawyer and activist, Deji Adeyanju, on Tuesday described the recent increase in petrol prices by Dangote Petroleum Refinery & Petrochemicals and other players in the petroleum sector as…