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Dangote Refinery

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Nigeria

Dangote refinery surpasses US supply, exports N757bn jet fuel to Europe – Report

Nigeria’s Dangote Petroleum Refinery has reportedly surpassed US suppliers in jet fuel exports to Europe, shipping aviation fuel worth an estimated N757bn in June alone.landslide+2 Industry data cited in the report show that flows of jet fuel from Nigeria to Europe rose from 232,000 metric tonnes in May to 466,000 metric tonnes in June, with Dangote accounting for the bulk of the cargoes. Analysts say the refinery’s surge in exports is linked to global supply disruptions caused by the US–Iran war and Middle East tensions, which have tightened aviation fuel availability and pushed European buyers to seek alternative suppliers. The report notes that Dangote’s shipments to Europe in recent months have outpaced volumes from some traditional suppliers, including the United States, reinforcing its status as one of the world’s leading jet fuel exporters Efforts to ramp up output at the […]

Abdulmumini Auwal SA July 6, 2026

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Nigeria

Dangote Refinery denies petrol export and re-import claims

Dangote Petroleum Refinery has denied claims that its petrol is being exported to Togo and then brought back into Nigeria. The company said the allegation is false and does not reflect its business operations. It explained that the claims are not supported by trade records, commercial logic, or its normal supply process. According to the refinery, its sales contracts do not allow the resale or re-importation of its products into Nigeria. The company said this rule is part of its standard compliance system. Dangote Refinery also said the alleged trade route would not make economic sense. It noted that shipping fuel from Nigeria to Lomé and back into Nigeria would add extra logistics costs that would make such a plan unprofitable. The company said no rational producer would spend additional money on shipping, storage, financing and handling only for the […]

Abdulmumini Auwal SA June 24, 2026

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Nigeria

Dangote Refinery slashes petrol price by N75/litre to N1,175

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre, bringing the new rate to N1,175 per litre from the previous N1,250. In a circular sent to fuel marketers on Monday, the refinery said the adjustment follows the de-escalation of tensions in the Middle East, which had affected energy prices over the past three months. The refinery also lowered its coastal price per metric tonne from N1,595,790 to N1,495,215. Both the new gantry and coastal rates will take effect from midnight on June 16, 2026. The circular noted that all outstanding unloaded gantry volumes will be repriced at the new rate effective 12:00 AM on June 16. According to Petroleumprice.ng, Dangote Refinery is now the cheapest source of petrol in Nigeria, as many marketers sold petrol at around N1,240 per litre on Monday. […]

Abdulmumini Auwal SA June 16, 2026

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Nigeria

Dangote Refinery Reduces Petrol Price to N1,250/Litre

Dangote Petroleum Refinery has reduced the gantry price of petrol by N25 to N1,250 per litre from N1,275 per litre, representing a two per cent decrease. The 650,000-barrels-per-day refinery also adjusted the price of diesel, which was reduced to N1,700 per litre. The price cuts come as traders across Nigeria's major markets have been closely monitoring the refinery's pricing decisions, which influence fuel prices nationwide. Petrol at the Dangote Refinery gantry had previously been sold at N1,275 per litre before the latest reduction. The move is expected to ease pressure on motorists and fuel marketers, who have been grappling with fluctuating petroleum product prices in recent months. The reduction marks the latest development in Nigeria's downstream petroleum sector since the removal of the fuel subsidy and the commencement of large-scale refining operations at the Dangote Refinery, Africa's largest single-train refinery. […]

Abdulmumini Auwal SA May 30, 2026

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Nigeria

Dangote Faces Price War as NNPC Backs Fuel Imports

Aliko Dangote, CEO of Dangote Refinery, has clarified that the refinery sold petrol to the Nigerian National Petroleum Company (NNPC) at a price lower than imported fuel, even as the downstream sector faces an intensifying price war. Dangote accused the NNPC and other outfits of sabotaging the $20bn refinery investment, particularly by denying it crude supplies and continuing fuel imports. He stated: “We sold to NNPC at a lower price than imported petrol.” The price war has escalated as NNPC has moved to match Dangote’s reduced petrol price, with NNPC retail outlets now selling at ₦860 per litre after Dangote cut its ex-depot price from ₦890 to ₦825 per litre. This marks the refinery’s second price reduction in the new year and third in two months. Industry analysis shows fuel importers are being squeezed, with average 30-day landing costs hitting […]

Abdulmumini Auwal SA May 26, 2026

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Nigeria

S&P upgrades Nigeria’s credit rating to ‘B’, cites economic reforms, FX gains

S&P Global Ratings has upgraded Nigeria’s long-term foreign and local currency sovereign credit ratings to ‘B’ from ‘B-’, in what marks the country’s first ratings upgrade by the agency in about 14 years. The outlook on the ratings is stable, while the short-term sovereign ratings were affirmed at ‘B’. In its latest review, S&P said Nigeria’s creditworthiness has improved on the back of President Bola Tinubu’s sustained economic reforms, including FX market liberalisation, subsidy removal and efforts to boost non-oil revenues. The agency noted that the unification and flexibilisation of the exchange rate have bolstered access to foreign currency and supported a more market-driven FX environment. S&P also cited recovering oil production, higher fiscal revenues and rising external reserves as key factors behind the upgrade. It pointed to improved external buffers helped by better FX liquidity, inflows from multilateral lenders […]

Abdulmumini Auwal SA May 16, 2026

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Nigeria

Dangote exports 1.66bn litres fuel amid US–Iran tensions

Dangote Petroleum Refinery has exported an estimated 1.66 billion litres of refined fuel products in April 2026 as global energy markets reel from the impact of the US–Iran war. The record export volume came as buyers in Africa, Europe and other regions scrambled for alternative supplies amid fears of disruptions to traditional shipping routes in the Middle East. Industry reports show that the refinery, Africa’s largest with a nameplate capacity of 650,000 barrels per day, has ramped up shipments of diesel, petrol and jet fuel in recent months. The April figure alone represents a sharp jump compared to earlier months, with exports of aviation fuel rising to an average of about 160,000 barrels per day at the height of the crisis. Analysts say the surge in exports underscores Dangote’s growing role as a stabilising force in regional fuel supply, helping […]

Abdulmumini Auwal SA May 13, 2026

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Nigeria

NMDPRA boss targets energy reform, improved fuel supply

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Umar Rabiu, has outlined an ambitious agenda to reform Nigeria’s energy sector and strengthen fuel supply nationwide. Rabiu, recently nominated by President Bola Tinubu to lead the regulator, said his priority is to eliminate bottlenecks in the petroleum supply chain and guarantee consistent availability of petrol, diesel and other key products. Speaking at recent industry engagements and in a series of public statements, he pledged to focus on energy security, improved infrastructure and better coordination with operators and other government agencies. He stressed that the Authority would maintain strategic stock buffers and strengthen monitoring of depots, filling stations and transport corridors to curb product hoarding and sharp practices. Rabiu’s agenda builds on ongoing reforms under the Petroleum Industry Act, which current and former NMDPRA leaders say have […]

Abdulmumini Auwal SA May 8, 2026

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Nigeria

Soldiers arrest 15 suspected oil thieves at Dangote Refinery

Troops of the Nigerian Army have arrested 15 suspected oil thieves around the Ibeju Lekki area of Lagos State.​ According to an operational report made available to the News Agency of Nigeria on Friday in Abuja, the suspects were arrested in the early hours of the day by troops of Headquarters 9 Brigade working with 65 Battalion. The operation followed credible intelligence on planned illegal activities in the area.​ The report explained that the suspects were intercepted while trying to illegally tap into a crude oil discharge point from a vessel supplying crude to the Dangote Refinery.​ It stated that the vessel was discharging crude oil meant for the production of Premium Motor Spirit and Automotive Gas Oil when the suspects were caught attempting to connect pipes to the discharge point.​ The troops arrested 15 people at the scene and […]

Abdulmumini Auwal SA April 17, 2026

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Togo

Le Togo reçoit du carburant de Dangote

Le Togo fait partie des premiers pays africains à recevoir des produits pétroliers raffinés en provenance de la Dangote Oil Refinery, un nouvel acteur majeur qui renforce progressivement sa présence sur le marché régional depuis le début de l’année 2026. D’après des données relayées par plusieurs sources, la raffinerie a déjà exporté 12 cargaisons, soit environ 456 000 tonnes de produits raffinés, à destination de cinq pays africains, dont le Togo. Ces expéditions interviennent après que le site a atteint sa pleine capacité de production, estimée à 650 000 barils par jour en février 2026. Cette dynamique s’inscrit dans un contexte marqué par des tensions sur les marchés internationaux de l’énergie, notamment liées aux incertitudes géopolitiques au Moyen-Orient, qui pèsent sur les coûts et la disponibilité des carburants. Jusqu’ici, la majorité des pays africains dépendaient largement des importations de produits […]

Abubakar March 25, 2026

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