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Afreximbank Leads $4bn Loan, Backs Dangote Refinery with $2.5bn

Afreximbank Leads $4bn Loan, Backs Dangote Refinery with $2.5bn

Paulinus Sunday
March 31, 2026

The African Export-Import Bank (Afreximbank) has taken the lead role in a $4 billion senior syndicated term loan for Dangote...

Petrol Prices May Drop in Nigeria as Global Oil Prices Decline

Petrol Prices May Drop in Nigeria as Global Oil Prices Decline

Paulinus Sunday
March 24, 2026

Recent developments in the global oil market have raised fresh expectations of a possible drop in petrol prices in Nigeria,...

Dangote Refinery Denies Shutdown as Fuel Production Ongoing

Dangote Refinery Denies Shutdown as Fuel Production Ongoing

Paulinus Sunday
January 6, 2026

Dangote Petroleum Refinery has dismissed reports claiming it is shutting down, describing such claims as false and misleading. In a...

Dangote Refinery’s Own Price Cut, Not FG, Reduced Pump Prices

Dangote Refinery’s Own Price Cut, Not FG, Reduced Pump Prices

Paulinus Sunday
November 17, 2025

Dangote Petroleum Refinery has dismissed reports claiming that the recent reduction in pump prices by oil marketers was caused by...

Dangote Petroleum Refinery Reduces Petrol Price from N865 to N835

Dangote Petroleum Refinery Reduces Petrol Price from N865 to N835

Paulinus Sunday
April 17, 2025

Dangote Petroleum Refinery has reduced the ex-depot price of Premium Motor Spirit (PMS), commonly called petrol, from N865 to N835...