Isaac Anyaogu

Dangote's $2 billion petrochemical plant at the Lekki complex near Lagos Isaac Anyaogu Reuters News

LAGOS, April 28 (Reuters) – Nigeria's government is capping jet fuel prices and allowing airlines to buy supplies on credit, according to a government document seen by Reuters, as it tries to avert flight disruptions caused by soaring fuel costs.

The talks also agreed to grant airlines a 30-day credit window to pay for fuel Thank you for registering

LONDON, April 28 (Reuters) – Nigeria's Dangote oil refinery is running its gasoline making RFCC unit at 75% capacity since April 22 due to a temperature control issue, an alert from industry monitor IIR that was seen by Reuters showed.

Lagos is betting ‌that Nigeria's chronic electricity shortages can be addressed outside the national grid, scaling up state-backed power generation and distribution after securing 400 megawatts of new supply, the state's energy commissioner said.

Nigerian crude oil producers supplied local refineries with less than half of ​the volumes allocated under the country's domestic ‌crude supply rules in the first quarter of 2026, regulator data showed, as pricing disputes continued to hamper ​deliveries.

LAGOS, May 11 (Reuters) – Airlines grappling with soaring jet fuel prices are facing a second blow as supply shortages disrupt flight schedules and crew rotations, industry groups and airlines said, heightening safety and operational concerns across Nigeria's aviation sector.

Regulators ‌and marketers have previously argued ⁠imports are needed to ensure adequate supply and prevent shortages

LAGOS, May 21 (Reuters) – Nigeria's Dangote Group is targeting a September initial public offering (IPO) of its oil refinery business, billionaire founder Aliko Dangote told reporters in comments aired on Arise Television on Thursday, raising funds that could help it to expand capacity.

LAGOS, May 22 (Reuters) – Nigeria's state oil firm NNPC has accused Dangote Petroleum Refinery of seeking to restrict competition and expose the country's fuel market to monopoly control by challenging import licences issued to rival marketers, according to court documents seen by Reuters.