Business
Dangote Refinery Resumes Petrol Sales at N774 per Litre
Dangote Refinery resumes petrol sales at N774 per litre under new system, restricting direct purchase to approved major marketers and depot owners
Dangote Refinery has resumed the sale of Premium Motor Spirit (PMS), popularly known as petrol, under a revised distribution system that limits direct access to approved major marketers and depot owners.
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The move, approved by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), replaces the earlier open-access model that allowed smaller buyers and independent marketers to purchase directly from the refinery.
Authorized buyers under the new arrangement include Mobil/11 Plc, Total, Matrix, Rainoil, Nipco, Northwest, Ardova, Bovas, Pivot, AA Rano, AYM Shafa, NNPC, and MRS. Independent marketers must now source petrol from depots rather than the refinery itself.
Industry experts say the controlled distribution framework aims to stabilise pricing, reduce volatility, and enhance confidence across Nigeria’s petroleum value chain.
The refinery’s gantry price remains at N774 per litre, though early market adjustments indicate retail prices may reach N800 per litre in Lagos and N820 in Warri, Port Harcourt, and Abuja.
Petrol will be distributed via coastal vessel shipments, ship-based transactions, and gantry loading for authorised buyers, who will set ex-depot prices.
Stakeholders have welcomed the shift. The National President of the Oil and Gas Services Providers Association of Nigeria (OGSPAN), Mazi Colman Obasi, described it as a positive step for market stability and long-term supply sufficiency.
The NMDPRA also engaged wholesale suppliers in Abuja to discuss pricing transparency, regulatory compliance, and market stability, highlighting the government’s commitment to efficiency and sustainability in Nigeria’s deregulated petroleum sector.
The revised framework marks a new phase for the downstream market, placing depot owners and major marketers at the centre of supply management and retail pricing.
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Despite the refinery’s N774 per litre price, imported petrol has recently been cheaper, averaging N721.80 per litre, according to the Major Energies Marketers Association of Nigeria (MEMAN).
Business
ISAT Group Rebrands, Partners Afro Mobile to Launch High-Speed Broadband Services in Nigeria by Q3 2026
New identity signals bold expansion as landmark investment accelerates affordable, high-speed connectivity for millions of Nigerians.
Nigeria’s digital economy is set for a major boost as ISAT Group unveiled a new corporate identity and announced a strategic alliance with Afro Mobile, ahead of its Q3 2026 commercial launch.
The partnership is underpinned by Afro Mobile’s acquisition of a 40% equity stake in ISAT Group and a US$3 billion financing package structured by Equiline Finance, positioning the alliance among the largest indigenous broadband investment initiatives in Nigeria’s telecommunications sector.
The rebranding marks ISAT Group’s evolution into a next-generation digital connectivity company focused on broadband, satellite communications and enterprise solutions. Together, the partners will expand affordable, high-speed internet access to homes, businesses, government institutions and underserved communities nationwide.
ISAT Group Chief Executive Officer, Dr. Adeyanju Binuyo, described the development as a transformational milestone.
“Our vision extends beyond connectivity. We are building the digital infrastructure that will power businesses, connect communities, stimulate innovation and accelerate Nigeria’s digital economy. This partnership demonstrates our commitment to making world-class broadband accessible to every Nigerian.”
Group Chairman, Mr. Ganiyou AFOLABI Moustapha, said the alliance reflects ISAT Group’s long-term confidence in Nigeria’s future.
“This investment is a strong vote of confidence in Nigeria’s digital economy. Together with Afro Mobile, we are building a resilient indigenous broadband platform that will create jobs, drive innovation and support inclusive national development.”
With operations commencing in Q3 2026, ISAT Group and Afro Mobile are poised to emerge as a leading indigenous broadband provider, delivering next-generation connectivity that will help bridge Nigeria’s digital divide and power the country’s next phase of economic growth.
Business
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