• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, October 15, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Dangote Refinery Begins Production Of Petrol Amid NNPC Fuel Crisis

by Nafisat Abdulrahman
1 year ago
in News
Dangote Refinery
Share on WhatsAppShare on FacebookShare on XTelegram

Dangote Refinery Plc has commenced production of petrol, marking a significant milestone for Africa’s largest refinery after delays due to recent crude shortages.

Advertisement

The refinery, built by Africa’s richest man, billionaire Aliko Dangote, began operations in January, initially producing naphtha and jet fuel.

The Nigerian National Petroleum Corporation (NNPC), which has been struggling to meet local fuel demand, will be the sole buyer of the gasoline processed by the Dangote Refinery.

Advertisement

The NNPC disclosed on Sunday to be under severe financial strain, owing $6 billion to oil traders for supplies since January.

The debt burden has impacted its ability to maintain a steady supply of fuel in the local market, resulting in persistent fuel queues since July and a sharp 45% increase in fuel prices from the official rate of N617 ($0.3942), following the removal of subsidy May 29, 2023 by President Bola Tinubu.

The $20 billion Dangote Refinery, located on the outskirts of Lagos, has the capacity of 650,000 barrels per day and is poised to significantly reduce Nigeria’s dependency on imported oil products.

RELATED NEWS

Nigeria Can’t A Be Passive Observer In War Against Cybercrime — Fagbemi

Cardoso Projects Nigeria’s Trade Surplus At 6% Of GDP

Federal Government Projects Mining To Rival Oil’s Contribution To GDP In 10 Years

The Power Of Staying Optimistic In Tough Times

Director for Sub-Saharan Africa at political risk consultancy Horizon Engage, Clementine Wallop, noted the refinery’s petrol production could not have come at a more critical time.

“The news that Dangote is processing gasoline couldn’t come at a more crucial time given NNPC’s statement about its difficulties securing imported supply due to financial strain,” she stated.

“This prompts the question of how NNPC will manage purchasing from Dangote, and impresses the need for greater transparency in its finances,” Wallop said.

The Dangote Refinery’s gasoline production is expected to alleviate some of the supply challenges faced by the NNPC.

Join Our WhatsApp Channel

SendShare10222Tweet6389Share

OTHER NEWS UPDATES

Federal Gov’t Moves To Prevent P&ID Error, Raises Committee To Audit Agreements, MOU On AGDPs
News

Nigeria Can’t A Be Passive Observer In War Against Cybercrime — Fagbemi

6 hours ago
CBN Sacks NIRSAL Executive Directors
News

Cardoso Projects Nigeria’s Trade Surplus At 6% Of GDP

6 hours ago
Mining Areas Record Rise In Out-of-school Children – Report
News

Federal Government Projects Mining To Rival Oil’s Contribution To GDP In 10 Years

6 hours ago
Advertisement
Leadership join WhatsApp

LATEST UPDATE

Nigeria Can’t A Be Passive Observer In War Against Cybercrime — Fagbemi

6 hours ago

Cardoso Projects Nigeria’s Trade Surplus At 6% Of GDP

6 hours ago

Federal Government Projects Mining To Rival Oil’s Contribution To GDP In 10 Years

6 hours ago

Argentine Star Messi Unveils ‘Messi Cup’ Youth Tournament For December

6 hours ago

2026 WCQ: Mysterious Rat Disrupts Game As Belgium Beat Wales 4-2

6 hours ago
Load More

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.