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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 […]

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Dangote to Nigerian elites: Skip Rolls Royce, invest in industries

Dangote Group Chairman, Aliko Dangote, has urged wealthy Nigerians to divert money spent on luxury items like Rolls Royce cars and private jets into building industries that create jobs and drive economic growth.​ Speaking after a meeting with President Bola Tinubu at the Presidential Villa, he lamented a culture of conspicuous consumption and recalled that, in earlier years, even presidents used modest official cars, which discouraged elites from outspending the state on luxury.​ He said anyone who can afford a Rolls Royce should instead establish factories in their communities or anywhere in Nigeria where investment is needed, arguing that many of the private jets crowding local airports could have been productive industrial assets.​ Dangote stressed that Nigeria’s development hinges on strong local investment in manufacturing and agriculture, backed by a solid banking system, and warned that rapid population growth of […]

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