Aliko Dangote targets 1.4 million barrels per day as refinery expansion reshapes Africa's energy future
Aliko Dangote is pushing his Lagos refinery toward 1.4 million barrels per day, a move that could reshape Africa's energy supply.
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Aliko Dangote is pushing his Lagos refinery toward 1.4 million barrels per day, a move that could reshape Africa's energy supply.
Aliko Dangote has added $2.57 billion to his fortune since January, climbing 13 places to rank 64th among the world's wealthiest people.
Aliko Dangote's refinery has shipped 456,000 tonnes of refined petroleum products to five African countries since reaching full capacity in February.
South Africa is pursuing a 12-month fuel supply deal with Aliko Dangote's Nigerian refinery as the Iran war disrupts Middle East supply chains.
Aliko Dangote's refinery drove $3.74 billion in crude imports into Nigeria in 2025, flipping the country's oil trade script entirely.
Nigeria swung to a $4.23 billion balance of payments surplus in 2025, powered by Dangote Refinery exports and surging diaspora remittances.
He built Africa's largest refinery. Now he wants to industrialize the entire continent. In a rare interview from his Lagos office, Aliko Dangote — the only African among the world's 100 richest people — talks oil prices, continental ambition, and why he believes no one else will do what he's doing.
Aliko Dangote's refinery supplied 92% of Nigeria's petrol demand in February, cutting the country's dependence on foreign fuel to a record low.
Aliko Dangote has sealed a $4.2 billion, 25-year natural gas deal with China's GCL Group to fuel East Africa's biggest fertilizer plant.
Nigeria suspended petrol import licences for a second straight month, handing Dangote Refinery control of 92% of the country's fuel supply
Elon Musk became the wealthiest person ever recorded as global billionaire wealth surged to $20.1 trillion, with Africa's Aliko Dangote holding firm at 86th.
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Dangote Refinery says Nigeria will come first on fuel supply, but warned that prices could keep rising as the Middle East war rattles global energy markets.
Orders are piling up at Dangote Fertiliser as the Iran conflict chokes global supply routes, turning Africa's largest urea plant into a lifeline.
Forbes has released its 2026 Africa billionaires list. The continent's 23 members of the three-comma club added $20.3 billion collectively in a year.
Aliko Dangote's 650,000-barrel refinery absorbed over half of a global crude price surge, shielding Nigeria from the full force of the oil shock.