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News
Dangote refinery could propel Nigeria’s GDP to $600bn – Rewane
2+ day, 13+ hour ago (731+ words) The Chief Executive Officer of Financial Derivatives Company, Bismarck Rewane, has projected that Nigeria’s economy could expand to $600bn by 2030, driven by increased private-sector investment and the multiplier effect of large industrial projects such as the Dangote Petroleum Refinery. Rewane said…...
Dangote Refinery Rebounds From $2bn Loss to $1.82bn First-Half Profit
2+ day, 15+ hour ago (872+ words) Dangote Refinery swings to first-half profit The Dangote Petroleum Refinery recorded $1.82 billion in profit after tax in the first half of 2026, reversing nearly $2 billion in cumulative losses incurred during its first two years of commercial operations, according to figures contained…...
Dangote Refinery Set To Become World’s Largest By 2028
3+ day, 13+ hour ago (534+ words) Chairman of Dangote Group, Aliko Dangote, has announced that the Dangote Petroleum Refinery and Petrochemicals is expected to become the world’s largest refinery by 2028 following a planned expansion of the facility. Dangote disclosed this on Monday during the preliminary signing…...
Dangote Refinery cuts debt to $5.67bn as profit hits $1.82bn
3+ day, 14+ hour ago (600+ words) Dangote Petroleum Refinery and Petrochemicals FZE has crossed a major financial milestone, swinging to a $1.82 billion after-tax profit in the first half of 2026 as revenue more than doubled, providing the clearest financial evidence yet of the Lekki refinery’s transition from…...
Dangote Refinery Posts N19.13tn Revenue, $1.82bn Profit in H1 2026
3+ day, 15+ hour ago (407+ words) Dangote Petroleum Refinery saw its revenue rise by 121.4 per cent to 19.13 trillion in the first six months of the year from the N8.64 trillion recorded in the corresponding period of 2025. The refinery reported $1.82 billion in profit after tax, equivalent to approximately…...
Dangote Refinery swings to N2.55trn profit in six months
3+ day, 21+ hour ago (527+ words) The Dangote Petroleum Refinery and Petrochemicals posted a profit after tax of about N2.55 trillion ($1.82 billion) in the first half of 2026, marking a sharp turnaround in the financial performance of the 700,000 barrels-per-day facility. The results, contained in the prospectus for the…...
Dangote Refinery Posts N2.55tn Profit On N19.47tn Revenue In First Half Of 2026
3+ day, 23+ hour ago (1207+ words) Dangote Refinery records N2.55tn profit on N19.47tn revenue as utilisation rises. The Dangote Petroleum Refinery and Petrochemicals generated a revenue of about N19.47 trillion ($13.91 billion) and Profit After Tax of roughly N2.55 trillion ($1.82 billion) in the first half of 2026, as the 650,000 barrels per day…...
Dangote Refinery Boosts Fuel Exports to Europe
4+ day, 3+ hour ago (290+ words) The plant has been sourcing crude from multiple regions. It has processed Cawthorne, a new Nigerian grade, and recently ran oil from the United Arab Emirates. Bird said securing enough crude will not be an obstacle even as volumes climb,…...
Dangote Refinery Recorded N19.5 Trillion Revenue, N2.55tn Profit in Six Months
4+ day, 1+ hour ago (1257+ words) • Plans $14bn expansion to double capacity to 1.4m bpd by 2029 •Refinery CEO: Fuel shortages will extend beyond Iran war • M’East crisis expands as Iran-backed Houthis attack four Saudi cities •Brent crude touches $99.46, highest since July 24 The Dangote Petroleum Refinery and Petrochemicals generated…...
Dangote Hires Three Rigs to Develop 1.6bn Barrels Oil Assets – THISDAYLIVE
5+ day, 11+ hour ago (490+ words) West African Exploration and Production Company (WAEP), an upstream oil company majority owned by Nigerian businessman, Aliko Dangote, has contracted three jack-up rigs to commence a drilling campaign aimed at unlocking more than 1.6 billion barrels of oil in place across…...