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Issuer developmentsNigeriaDeveloping story

Dangote halts gantry/diesel loading as depot petrol prices fall and diesel quotes jump in Nigeria

On 25 October 2026 Nigerian outlets reported that Dangote Petroleum Refinery had suspended gantry/diesel loading and depot operators simultaneously pushed diesel prices higher while some depots cut petrol (PMS) prices in Lagos, Port Harcourt and Calabar, reflecting tighter diesel availability and Brent crude above about $116/barrel.

MSA Market DeskEvent 25 October 2026Reviewed 2 min read

The desk brief

On 25 October 2026 Nigerian outlets reported that Dangote Petroleum Refinery had suspended gantry/diesel loading and depot operators simultaneously pushed diesel prices higher while some depots cut petrol (PMS) prices in Lagos, Port Harcourt and Calabar, reflecting tighter diesel availability and Brent crude above about $116/barrel.

A pause in Dangote's gantry loading reduces immediate diesel supply into key depots, prompting depot owners and marketers to raise Automotive Gas Oil (AGO) quotes while some depots, competing on petrol (PMS), trimmed ex-depot petrol rates. If the gantry suspension persists or Dangote shifts to dollar invoicing, replacement costs and landed import prices could push broader pump-price pass-through and raise transport and production costs.

Watch for an official Dangote commercial-unit notice on when gantry loading will resume or any revision to posted ex-depot prices.

Sources & verification

Developing story

Developing story supported by 2 independent public publishers; further confirmation is being sought.

Public references supporting this brief.

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Price Discovery

Nigeria sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

15 priced bonds
9.18%8.18%7.18%6.18%5.18%20272033203920452051Nigeria 27 · Nov 2027 · 5.712%Nigeria 28 · Sept 2028 · 6.192%Nigeria 29 · Mar 2029 · 6.493%Nigeria 30 · Feb 2030 · 6.839%Nigeria 31 Jan · Jan 2031 · 7.177%Nigeria 31 Jun · Jun 2031 · 7.137%Nigeria 32 · Feb 2032 · 7.351%Nigeria 33 · Sept 2033 · 7.752%Nigeria 34 · Dec 2034 · 7.859%Nigeria 36 · Jan 2036 · 7.987%Nigeria 38 · Feb 2038 · 7.982%Nigeria 46 · Jan 2046 · 8.617%Nigeria 47 · Nov 2047 · 8.456%Nigeria 49 · Jan 2049 · 8.598%Nigeria 51 · Sept 2051 · 8.655%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Nigeria 27Nov 2027100.8135.712%
  • Nigeria 28Sept 202899.8756.192%
  • Nigeria 29Mar 2029104.1256.493%
  • Nigeria 30Feb 2030100.8756.839%
  • Nigeria 31 JanJan 2031105.6257.177%
  • Nigeria 31 JunJun 2031109.6257.137%
  • Nigeria 32Feb 2032102.2507.351%
  • Nigeria 33Sept 203398.0007.752%
  • Nigeria 34Dec 2034114.8757.859%
  • Nigeria 36Jan 2036104.1257.987%
  • Nigeria 38Feb 203897.8757.982%
  • Nigeria 46Jan 2046104.7508.617%
  • Nigeria 47Nov 204791.8758.456%
  • Nigeria 49Jan 2049106.3758.598%
  • Nigeria 51Sept 205195.8758.655%

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