Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings
    • T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion
    • Oil Prices Rise on Tit-for-Tat US, Iranian Strikes
    • XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume
    • CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions
    • Dangote Cement Opens at 19% Discount to 52-Week High
    • FirstHoldco Surges by10% as Investors Buy the Dip
    • Zenith Bank Rallies as Investors Chase Upside Potential
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, June 29
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Dangote Petroleum Refinery Denies Operations Shutdown

    Dangote Petroleum Refinery Denies Operations Shutdown

    Julius AlagbeBy Julius AlagbeAugust 9, 2025Updated:August 9, 2025 News No Comments2 Mins Read
    Dangote Petroleum Refinery Denies Operations Shutdown
    Aliko Dangote
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Dangote Petroleum Refinery Denies Operations Shutdown

    The Dangote Petroleum Refinery has firmly dismissed recent reports alleging a shutdown of its operations, reassuring the public and market stakeholders that its activities remain fully active and stable.

    In an official statement by the Group Chief Branding and Communications Officer, Anthony Chiejina, the refinery’s management categorically denied claims that truck loading has been suspended or that production has been interrupted.

    “The Dangote Petroleum Refinery is fully operational. There has been no shutdown, nor has there been any suspension of truck loading activities” the statement reads.

    The refinery also clarified that the intermittent sale of Residual Catalytic Oil (RCO) is part of normal business operations, often involving large parcel sales, which explains the recent fuel oil tender.

    According to the management, Dangote Petroleum Refinery consistently supplies over 40 million litres of PMS daily, alongside steady volumes of Automotive Gas Oil (diesel). These supplies continue unabated, despite speculation suggesting otherwise.

     “As the world’s largest single-train petroleum refinery, the facility employs advanced predictive and preventive maintenance protocols to ensure uninterrupted operations. Routine maintenance activities are standard and do not impact the overall fuel supply” the statement further clarified.

    In response to speculation about potential supply shortages and price increases, the refinery challenged those sponsoring the rumour to place orders for daily deliveries of up to 40 million litres of PMS and 15 million litres of diesel for the next 90 days.

    “To those who believe this misinformation and anticipate a bullish market, we extend a challenge: We invite interested buyers to place immediate orders for up to 40 million litres of PMS daily and 15 million litres of AGO daily, for the next 90 days.

    The refinery reaffirmed its commitment to transparency and Nigeria’s energy security, urging the public to disregard unfounded rumours sponsored by unscrupulous and unpatriotic individuals seeking to undermine the country’s energy independence for their own selfish interests, including the importation of substandard fuels under the false pretext of domestic supply shortages. Interbank Rates Reset as Financial System Liquidity Rebounds

    Dangote Petrol REFINERY
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Julius Alagbe
    • Website
    • LinkedIn

    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

    Keep Reading

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    Dangote Cement Opens at 19% Discount to 52-Week High

    Add A Comment

    Comments are closed.

    Editors Picks

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026
    Latest Posts

    Yield on FGN Bonds Climbs 77bps as Investors Trim Holdings

    June 29, 2026

    T+1 Settlement Tightens Risk Window — EBC Flags Danger After SEC Stops Dangote IPO Promotion

    June 29, 2026

    Oil Prices Rise on Tit-for-Tat US, Iranian Strikes

    June 29, 2026

    XRP Target Price Shifts as Ripple Eyes $16trn Payments Volume

    June 29, 2026

    CBN Mops Up N4.8trn from Two High-Ticket OMO Bills Auctions

    June 29, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.