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Dangote Refinery

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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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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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Nigeria

Crude hits 114 as fears grow over fresh petrol price hikes in Nigeria

There are fresh concerns that petrol prices in Nigeria could rise further after Brent crude oil jumped to about 114 dollars per barrel following a sharp escalation in the United States and Israel war on Iran . Petrol is already selling for between N1,200 and N1,400 per litre in parts of the country, up from around N730 to N880 per litre before the conflict began on February 28 . Global prices surged after Israel struck Iran’s South Pars gas field, the world’s largest gas deposit, prompting Iranian missile and drone attacks on energy facilities in Qatar and Saudi Arabia and triggering fears of wider disruption to supplies . Brent crude rose by about 6.24 percent to 114.08 dollars per barrel, its highest level since May 2022, while US West Texas Intermediate crude climbed to around 96.33 dollars per barrel . […]

Abdulmumini Auwal SA March 20, 2026

Nigeria

FG weighs options as Iran war pushes petrol above N1,000

The Federal Government is assessing its economic and diplomatic options as the war involving Iran, the United States and Israel begins to hit Nigerians through higher fuel prices and fresh pressure on the economy. Officials are closely tracking developments in the Middle East, where attacks on oil facilities, shipping disruptions and tensions around strategic waterways have driven up global crude prices. The conflict has already pushed Brent crude well above Nigeria’s 2026 budget benchmark, raising both risks and opportunities for Africa’s largest oil producer. On the domestic front, petrol prices have crossed or neared N1,000 per litre in many locations, with queues reappearing at filling stations across parts of the country. Marketers and analysts link the spike to higher international crude and freight costs, as well as supply constraints and the impact of the conflict on global refinery output and […]

Abdulmumini Auwal SA March 8, 2026

Nigeria

Dangote Refinery absorbs 20% of crude cost surge to stabilise fuel prices

Dangote Petroleum Refinery says it is currently absorbing about 20 percent of the recent crude oil cost escalation in order to reduce the impact of rising global prices on Nigerian fuel consumers. The company explained that the conflict in the Middle East and disruptions to global refining capacity have driven Brent crude prices up by roughly 26 percent, while Nigerian crude now trades at a premium of 3 to 6 dollars above the benchmark, with freight adding about 3.50 dollars per barrel. In response, the refinery implemented a 100 naira per litre increase in its ex depot price of petrol, representing about a 12 percent adjustment, but stressed that this is lower than the full rise in crude and logistics costs because it has chosen to absorb part of the escalation. Dangote Refinery said it receives around five cargoes of […]

Abdulmumini Auwal SA March 6, 2026

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new africa

Dangote predicts naira could strengthen to ₦1,100/$1 in 2026

Africa’s richest man, Aliko Dangote, says the naira could appreciate to around ₦1,100 to the US dollar before the end of 2026 if current government policies and import controls are sustained. He spoke in Abuja during the launch of the Nigeria Industrial Policy, attended by Vice President Kashim Shettima and top private sector leaders. Dangote noted that although the naira is currently trading around ₦1,300–₦1,340 on the official market, recent reforms are already easing pressure on the currency. He argued that blocking “reckless” imports that can be produced locally, alongside tighter foreign exchange management, will help further strengthen the naira. “I can assure you that, with what I know, by blocking all this importation, the currency this year will be as low as ₦1,100 if we are lucky,” he said, while suggesting government might even need to slow the naira’s […]

Abdulmumini Auwal SA February 18, 2026

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new africa

Ghana to import fuel from Dangote refinery

The Government of Ghana has pledged to start importing petroleum products from the Dangote Petroleum Refinery in Lagos, Nigeria, as part of plans to strengthen energy security and cut costs.​ Ghana’s Energy Minister, Matthew Opoku Prempeh, gave the assurance during a visit to the 650,000 barrels per day refinery, where he inspected facilities and held talks with the management team. He said Accra is committed to making the refinery a key source of fuel supply once commercial terms are finalised.​ Prempeh noted that buying refined products from Nigeria is expected to be cheaper than relying on distant imports from Europe. He added that shorter shipping distances and regional cooperation should help reduce freight charges and ease pressure on Ghana’s foreign reserves. Officials in both countries say the move will deepen economic ties between Ghana and Nigeria and support West Africa’s […]

Abdulmumini Auwal SA February 5, 2026

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Nigeria

Petrol price may rise again as crude oil hits new high

Nigerians may face another round of petrol price increases as crude oil prices continue to climb on the international market. Nigeria’s Bonny Light crude has risen to 70.30 dollars per barrel from 64 dollars last week, about a 10 per cent increase and the highest level so far this year. Brent crude now trades at 70.15 dollars per barrel, up from 66 dollars, while Murban crude has moved to 68.01 dollars from 65.20 dollars. Earlier in the week, filling stations raised petrol pump prices to an average of 850 naira per litre from 750 naira, citing the rise in crude prices. The Dangote Refinery and oil marketers argued that crude oil is the main input cost and that higher crude prices inevitably push up fuel prices. However, while crude prices went up by about 6.2 per cent, the local petrol […]

Abdulmumini Auwal SA January 30, 2026

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Nigeria

Dangote refinery will make Nigeria net fuel exporter – Shettima

Vice President Kashim Shettima says the Dangote Refinery is positioning Nigeria to become a net exporter of refined petroleum products after decades as a net importer of value. Speaking at a High level Accra Reset Initiative meeting on the sidelines of the 2026 World Economic Forum in Davos, he said Africa’s prosperity must be homegrown, built on innovation, industry and interdependence rather than external aid.​ Shettima cited the Lagos based Dangote Refinery as proof of what happens “when African capital meets industrial ambition,” noting that it is gradually turning Nigeria into a major exporter of fuel. He argued that matching production with infrastructure and clear policies can move nations from being price takers to value makers in global markets.​ According to him, only by building domestic productive capacity can African countries convert their large populations and natural endowments into real, […]

Abdulmumini Auwal SA January 23, 2026

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