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News
Dangote refinery could propel Nigeria’s GDP to $600bn – Rewane
2+ day, 14+ 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…...
MCAA Highlights UA Organizing Blitzes for Craft Workforce
2+ day, 17+ hour ago (219+ words) The organizing events are intended to help the UA build its craft workforce in response to demand for skilled mechanical and plumbing personnel. Participants may engage with workers at jobsites, supply houses, offices and other locations where nonunion mechanical and…...
Dangote Refinery Set To Become World’s Largest By 2028
3+ day, 14+ 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 swings to N2.55trn profit in six months
3+ day, 22+ 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 Boosts Fuel Exports to Europe
4+ day, 4+ 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, 2+ 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 Refinery to Become World’s Largest by 2028 – Aliko Dangote
5+ day, 15+ hour ago (554+ words) Dangote spoke on Monday at the preliminary signing ceremony for the proposed initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals. “Today marks a significant milestone for us as not just a company, but as Nigerians and also Africans,…...
Dangote announces plan to become world’s largest refinery owner, sends strong message to Nigerians and others
5+ day, 11+ hour ago (18+ words) Intel Region...
PDB seeks more fuel oil for power generation
6+ day, 4+ hour ago (1071+ words) Amid the gas shortage, the government is looking to increase its reliance on furnace-oil-fired power plants to make up for the shortfall in electricity generation. It has planned to generate an average of around 4,000 megawatts of electricity a day from…...
Dangote’s exploration firm eyes first oil in 2028
6+ day, 6+ hour ago (611+ words) Dangote Group’s upstream subsidiary, West Africa Exploration and Production Company, WAEP, says it is targeting first sustained production from its Nigerian assets within two years. The company hopes to unlock more than 1.6 billion barrels of oil in place from Oil…...