Business
DPRP Supplies 5.84bn Litres of PMS in Nigerian
The Dangote Petroleum Refinery and Petrochemicals (DPRP) supplied about 5.84 billion litres of petrol to the Nigerian market in the first five months of 2026, which amounts to about 81.4 percent of total supply.
This was detailed in trend statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for the period.
This is as the legal fireworks from the matter instituted by the DPRP over the continued importation of the product into Nigeria continue ragging.
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A review of supply data for January to May showed that the refinery supplied approximately 5.836 billion litres of petrol during the period, while importers brought in about 1.330 billion litres, bringing total market supply to roughly 7.166 billion litres.
Further checks indicated that for every litre of imported petrol, Dangote supplied about 4.4 litres, reinforcing the refinery’s growing dominance of Nigeria’s downstream market.
According to the data, the refinery supplied an average of 40.1 million litres per day in January, translating to about 1.243 billion litres for the month, while marketers imported 24.8 million litres daily or approximately 768.8 million litres during the same period.
This means that during that month, Dangote accounted for 61.8 per cent of combined supply, while imports represented 38.2 per cent. Besides, national petrol consumption averaged 60.2 million litres per day during the month, while the refinery operated at 61.27 percent capacity utilisation.
In February, the data showed that the DPRP supplied 36.6 million litres daily, equivalent to about 1.025 billion litres for the month, while imports plunged to 3 million litres per day or 84 million litres in total.
The refinery’s share of market supply rose sharply to 92.4 percent, leaving imports with just 7.6 percent. Consumption averaged 56.9 million litres daily, while capacity utilisation increased significantly to 78.24 percent.
The figures come amid an ongoing court case initiated by the DPRP seeking to halt the issuance of import licences for petrol and other refined petroleum products that can be sufficiently produced locally. The refinery has argued that continued importation undermines investments, discourages domestic refining and weakens Nigeria’s drive towards energy independence.
Also, the DPRP and supporters of the refinery’s position contend that by banning imports, Nigeria would conserve scarce foreign exchange, create jobs and deepen industrialisation. They maintain that allowing substantial imports into a market where local production capacity exists sends the wrong signal to investors.
However, the oil marketers and other stakeholders opposed to a complete halt in imports have argued that maintaining access to foreign supplies remains necessary to guarantee competition and prevent excessive market concentration.
According to them, allowing multiple suppliers helps ensure price discovery, protects consumers from potential supply disruptions and prevents a situation in which a single dominant refinery effectively controls the market. A fully liberalised downstream sector, they argue, should permit marketers to source products from any supplier, local or foreign, provided they meet regulatory requirements and offer competitive pricing.
Similarly, according to them, imports provide an important balancing mechanism and ensure that supply remains stable whenever local production falls below national demand. The outcome of the legal dispute is expected to shape the future structure of Nigeria’s downstream petroleum sector.
Still on the NMDPRA data, in March, Dangote supplied 34.2 million litres per day, amounting to approximately 1.060 billion litres during the month. Marketers imported 5.9 million litres daily or about 182.9 million litres in total. During that month, Dangote’s share of supply stood at 85.3 percent compared to imports’ 14.7 percent. Also, national consumption averaged 47.3 million litres daily, while refinery utilisation climbed further to 93.62 percent.
In April, the refinery supplied 40.7 million litres daily or approximately 1.221 billion litres during the month, while imports stood at 3.7 million litres daily, translating to about 111 million litres. Dangote accounted for 91.7 per cent of total supply, while imports represented 8.3 percent, with national consumption averaging 51.1 million litres daily and the refinery operating at 99.22 percent utilisation.
In the same vein, in May, the Dangote Refinery supplied 41.5 million litres daily, equivalent to approximately 1.287 billion litres during the month, while imports stood at 5.9 million litres daily or about 182.9 million litres in total.
The DPRP’s market share for the month stood at 87.5 percent compared to imports’ 12.5 percent, while national consumption averaged 47.4 million litres daily. The refinery utilisation reached 101.25 percent, the highest so far since it started operation.
Overall, the analysis showed that the refinery’s capacity utilisation rose steadily from 61.27 percent in January to 101.25 percent in May, underscoring the increasing role of the facility in meeting domestic fuel demand.
Over the same period, imports declined dramatically from 768.8 million litres in January to 84 million litres in February before fluctuating between 111 million litres and 182.9 million litres in subsequent months.
The data further showed that the DPRP exceeded imported volumes by about 474.3 million litres in January, 940.8 million litres in February, 877.3 million litres in March, 1.110 billion litres in April and 1.104 billion litres in May, highlighting the widening gap between local refining output and imported supplies.
The Aliko Dangote Foundation (ADF) has unveiled the Women’s Share Subscription Grant Initiative (WSSGI), a pioneering financial inclusion programme aimed at increasing women’s participation in Nigeria’s capital market through the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP).
The nationwide initiative is designed to support up to two million Nigerian women, with a special focus on low- and middle-income earners, as well as vulnerable women. Through the programme, ADF seeks to expand access to equity ownership, promote a culture of savings and long-term investing, and empower women with greater opportunities for wealth creation through responsible participation in the capital market.
The initiative is open to several categories of beneficiaries, including independent applicants earning ₦100,000 or less per month, verified participants in designated ADF programmes such as CRoWN, ADFIN, and Mu Shuka Iri, eligible non-commissioned servicewomen and service spouses, as well as verified service widows.
To accommodate different categories of participants, the initiative provides two pathways for entry: Matching Grant Track: Eligible independent applicants who subscribe to a minimum of 10 shares will receive an ADF-funded application for an additional 10 shares in their name.
Unconditional Grant Track
The ADF will fund an application for 20 shares on behalf of eligible beneficiaries who satisfy programme eligibility, investor identification, and Know Your Customer (KYC) requirements.
This category covers verified beneficiaries from designated ADF programmes and verified service widows.
Under both tracks, grant funds will be applied directly through the designated issuing house. No cash payments will be made to beneficiaries, government agencies, or sponsors. Any shares successfully allotted will be credited solely to the beneficiary and held in her name.
Eligibility Requirements
Applicants must be Nigerian women aged 18 years and above; resident in Nigeria; meet the eligibility requirements of their respective participation category; successfully complete all required identity verification and KYC processes; and receive no more than one ADF share grant across all Foundation share grant schemes.
The ADF is implementing the initiative in partnership with Vetiva Capital Management and the Nigerian Exchange Group (NGX) through the Securities and Exchange Commission (SEC)-approved IPO subscription infrastructure.
The Foundation will not receive, collect, or hold applicants’ or sponsors’ subscription funds. All applications, payments, allotments, and refunds will be handled in accordance with the IPO Prospectus, applicable regulatory requirements, and the approved basis of allotment.
Participation in the programme is entirely voluntary. Prospective investors should note that share prices may fluctuate, dividends are only payable when declared, and neither allotment nor investment returns are guaranteed.
To facilitate broad participation, applicants are not required to have an existing Central Securities Clearing System (CSCS) account. Where necessary, accounts will be created through Vetiva upon successful completion of the IPO’s KYC requirements.
Eligible independent applicants may submit their applications exclusively through the official ADF portal at ipo.alikodangotefoundation.org.
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Beneficiaries affiliated with the ADF programmes and verified service widows will receive application guidance through approved Foundation channels.
The offer closes on 13 October 2026.
The ADF urges prospective participants to remain vigilant against fraud. Applicants should not make payments to agents, individuals, or personal bank accounts in exchange for grants or promises of guaranteed allotment. Passwords, PINs, and one-time passwords (OTPs) should never be shared, and any unexpected payment request or online link should be verified through official channels before action is taken.
Through this initiative, the ADF is reinforcing its commitment to inclusive economic empowerment, broadening access to investment opportunities, and enabling more Nigerian women to participate meaningfully in the nation’s wealth creation journey.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled a pipeline of major offshore projects with the potential to attract significant new investment into Nigeria’s upstream petroleum sector.
This is as the commission has intensified efforts to convert the country’s substantial hydrocarbon resources into producing assets and sustainable economic value, the NUPRC said in a statement.
According to the statement, Nigeria’s upstream investment outlook was presented at the Nigeria Investment Forum 2026 in New York by the Commission Chief Executive (CCE), Oritsemeyiwa Eyesan.
Eyesan, who was represented by the Executive Commissioner, Corporate Services and Administration, Dr. Kelechi Ofoegbu, highlighted the emerging investment opportunities across Nigeria’s offshore, gas and brownfield assets, noting that the combination of regulatory reforms, improved project economics and a growing pipeline of development-ready assets is creating new opportunities for investors and industry partners.
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A key feature of the presentation, it said, was the identification of 22 major offshore projects, comprising 12 deepwater and 10 shallow-water developments, as part of the pipeline capable of driving substantial new capital into the sector.
According to the commission, the projects include major developments such as Bonga Southwest, Aparo, Zaba Zaba, Owowo, Bosi and Egina South.
The NUPRC also highlighted recent capital commitments across projects including Bonga North, Obeta Gas Development, HIN Associated Gas Development and Iseni Gas Development, demonstrating the movement of investment interest towards actual project development.
The average prices of petrol and diesel have risen by 86 percent in 2026, with the two products reaching their highest average price levels for the year by September 22, according to the latest fuel price trend report by priceandpromo.
The report stated that the average price of Premium Motor Spirit, popularly known as petrol, rose to N1,378 per litre by September 22, while automotive gas oil, commonly known as diesel, increased to N1,899/litre.
It puts the increase in the price of petrol at 80.8 percent from the January 13 base, while diesel recorded a 91.8 percent rise over the same period. The average increase of the two products is 86.3 percent, which rounds to 86 percent.
The report stated, “The latest priceandpromo fuel price trend shows renewed upward movement following the relative stability observed between April and July.
“Petrol rose to an average of N1,378 per litre by 22 September, while diesel increased to an average N1,899 per litre, the highest average price levels recorded for both products in the displayed 2026 series.”
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According to the report, petrol prices had increased sharply in March before remaining relatively stable at elevated levels between April and July. “After the sharp March increase, fuel prices stabilised at higher levels through July before rising again in August and September,” it added.
The renewed increase came amid heightened volatility in the international energy market, according to the report, which noted that the domestic market remained exposed to movements in global energy costs.
“The renewed increase comes amid heightened global energy-market volatility, highlighting the domestic market’s continued exposure to shifts in international energy costs,” the report added.
The report indicated that the latest movement in fuel prices could have wider implications for transportation, logistics and the cost of distributing goods, given the importance of petrol and diesel to economic activities.
The report noted that fuel prices remained an important channel through which changes in energy costs could feed into transportation and other consumer costs.
The report further warned that the renewed increase in both products is a development to monitor because of its potential implications for the movement of people and goods.
It said, “The renewed increase in both petrol and diesel is therefore an important market signal to watch, particularly for its potential implications for mobility, logistics costs and the wider cost of moving goods through the market.”
The report’s figures show that the increase in diesel prices has outpaced that of petrol, with AGO rising by 91.8 percent compared with PMS’s 80.8 percent increase.
Courtesy – The PUNCH
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