<< Back             Poser >> Dangote Refinery drops PMS to N1,165/litre, diesel to N1,570/litre By Peter Egwuatu Dangote Petroleum Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel), effective Thursday 6th of August, thereby reaffirming its commitment to providing affordable, high-quality petroleum products to the Nigerian market. The company in a statement said, under the new pricing structure, the refinery has reduced the ex-depot price of PMS to N1,165 per litre, down from N1,215 per litre, representing a reduction of N50 per litre. Similarly, the ex-depot price of Diesel has been reduced to N1,570 per litre from N1,650 per litre, amounting to a decrease of N80 per litre. The price review reflects Dangote Refinery’s ongoing efforts to enhance energy affordability, improve access to refined petroleum products, and support economic activities across Nigeria. The refinery remains committed to ensuring stable supply while leveraging operational efficiencies to deliver value to consumers, businesses, and stakeholders. As Africa’s largest refinery, Dangote Petroleum Refinery continues to play a pivotal role in strengthening Nigeria’s energy security, reducing reliance on imports, and supporting the nation’s economic development through the supply of world-class petroleum products. The company reaffirmed its dedication to contributing to the growth of the Nigerian economy and passing on the benefits of improved operational efficiencies to consumers whenever market conditions permit. Vanguard Business News	Nigeria-UAE trade surges 66.7% to $5bn in 1 year By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […] Lagos gets 360MW boost as FG upgrades four substations By Obas Esiedesa & Mariam Eko The Federal Government (FG) has commissioned the upgraded transmission facilities in four major substations in Lagos, adding about 360 megawatts (MW) of transmission capacity to boost electricity supply across the state. The projects at Ijora, Apapa Road, Alausa and Lekki substations are expected to strengthen bulk power delivery to […] Galamsey is destroying Ghana’s cognitive future – One IQ point at a time When we discuss galamsey, attention usually centres on the poisoned rivers, devastated forests, ruined cocoa farms and enormous pits left across the landscape. Investors channel most funds into 364-day government securities   Investors showed strong preference for the 364-day Treasury Bill at the latest government of Ghana securities auction, with bids reaching GH¢9.94 billion. Nigeria’s oil output wobbles after 10yrs of increase in rigs There are indications that increased deployment of oil rigs in Nigeria has not translated into corresponding rise in crude oil production. Guinness declares N265bn revenue, PAT up 53% to N25.3bn By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]