• Home
  • About Us
  • Contact
Thursday, October 1, 2026
News On Spot
  • Home
  • News
    Affidavits

    See Steps To Get Federal High Court e-Affidavit Without Visiting Court…

    Peter Mbah

    Otti Congratulates Mbah on University of East London Honour…

    Nigerian Passports-NIS

    NIS Reveals What Nigerians in UK With Delayed Passports Must Do…

    US Embassy

    US Embassy, Lagos Consulate Shut Monday – Here’s Why…

    Federal Workers

    Federal Workers Make Fresh ₦300,000 Minimum Wage Demand…

    Tinubu

    $3m Offer? US Firm Makes Fresh Claim Over Tinubu Campaign…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    Black Market

    Video/Photos: 51,000+ Gather For ‘Black Market’ Screening In Lagos As Nollywood Makes History…

    JaceBen

    JaceBen Sets the Mood With Latest Release “After Midnight”…

    Olu Jacobs

    ‘Uncle Olu Jacobs’ Dies At 84…

    JaceBen

    JaceBen’s ‘Ecstasy’ Hits 1,000 Streams in 24 Hours With Sovelle…

    Atinuke Kareem

    Yoruba Actress Atinuke Kareem Dies After Battle With Cancer…

    Trump

    Trump Orders US Flags Lowered for Dolly Parton Despite Her Medal Refusals…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    UK Flag

    UK Updates List Of Employers That Can Sponsor Foreign Workers…

    FCCPC

    FCCPC Orders Recall of Mislabelled Consumer Goods Nationwide…

    FCCPC

    Bakers Face Tougher Checks As FCCPC Moves To Enforce Safety Standards…

    Fish

    The Dangerous Trick Some Fish Sellers Are Using to Fool Buyers…

    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    WhatsApp

    WhatsApp Unveils Smarter Group Chat Features with Polls, @All Mentions and Event Reminders…

    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • News
    Affidavits

    See Steps To Get Federal High Court e-Affidavit Without Visiting Court…

    Peter Mbah

    Otti Congratulates Mbah on University of East London Honour…

    Nigerian Passports-NIS

    NIS Reveals What Nigerians in UK With Delayed Passports Must Do…

    US Embassy

    US Embassy, Lagos Consulate Shut Monday – Here’s Why…

    Federal Workers

    Federal Workers Make Fresh ₦300,000 Minimum Wage Demand…

    Tinubu

    $3m Offer? US Firm Makes Fresh Claim Over Tinubu Campaign…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    Black Market

    Video/Photos: 51,000+ Gather For ‘Black Market’ Screening In Lagos As Nollywood Makes History…

    JaceBen

    JaceBen Sets the Mood With Latest Release “After Midnight”…

    Olu Jacobs

    ‘Uncle Olu Jacobs’ Dies At 84…

    JaceBen

    JaceBen’s ‘Ecstasy’ Hits 1,000 Streams in 24 Hours With Sovelle…

    Atinuke Kareem

    Yoruba Actress Atinuke Kareem Dies After Battle With Cancer…

    Trump

    Trump Orders US Flags Lowered for Dolly Parton Despite Her Medal Refusals…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    UK Flag

    UK Updates List Of Employers That Can Sponsor Foreign Workers…

    FCCPC

    FCCPC Orders Recall of Mislabelled Consumer Goods Nationwide…

    FCCPC

    Bakers Face Tougher Checks As FCCPC Moves To Enforce Safety Standards…

    Fish

    The Dangerous Trick Some Fish Sellers Are Using to Fool Buyers…

    Bianca Odumegwu-Ojukwu

    Bianca Odumegwu-Ojukwu Celebrates Twins’ Birthday with Love…

    UK Visa

    UK Raises Visa, ETA Fees for Tourists, Students, Workers from April 2026…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    WhatsApp

    WhatsApp Unveils Smarter Group Chat Features with Polls, @All Mentions and Event Reminders…

    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
News On Spot
No Result
View All Result
Home Press Release

Dangote Refinery Powers Historic Shift as Nigeria Emerges Net Petrol Exporter, Earns Fresh Forex…

newsonspotadmin by newsonspotadmin
April 13, 2026
in Press Release
Reading Time: 2 mins read
0
Dangote Refinery

Dangote Petroleum Refinery & Petrochemicals has recorded a major milestone in Nigeria’s energy history, exporting 44,000 barrels per day (b/d) of gasoline in March 2026.

This is an achievement that has positioned Nigeria as a net exporter of petrol for the first time ever, with a surplus of approximately 3,000 b/d during the month.

The landmark performance marks a decisive turnaround for Africa’s largest oil-producing nation, which for decades relied heavily on imported refined petroleum products. Industry experts say the surge in exports, driven by rising output from the Dangote Refinery, is expected to deliver substantial foreign exchange inflows, easing pressure on Nigeria’s forex market while supporting overall macroeconomic stability.

The March export milestone underscores Nigeria’s accelerating progress toward self-sufficiency in refined petroleum products and strengthens its ambition to become a competitive supplier in the global downstream energy market.

In a significant expansion of its international footprint, the Dangote Refinery also exported gasoline to East Africa for the first time, delivering a 317,000‑barrel cargo to Mozambique. The shipment reflects growing regional demand as East African buyers diversify supply sources away from the Middle East Gulf amid ongoing supply disruptions. A further gasoline cargo from the refinery is scheduled for delivery to Beira, Mozambique, in April.

Supporting data from market intelligence firm Kpler showed that Nigeria’s gasoline imports fell sharply to 41,000 b/d in March, the lowest level ever recorded. At the same time, crude oil supply to the Dangote facility climbed to approximately 565,000 b/d, the second-highest intake since the 650,000 b/d-capacity refinery began operations in late 2023. The figures point to strong processing rates and rising product yields across the complex.

Analysts say Nigeria’s transition from a major gasoline importer to an exporter is poised to reshape regional trade flows and intensify competition in global fuel markets. The development is also expected to add pressure to Europe’s already oversupplied gasoline market as Nigeria increasingly competes with traditional suppliers.

Commenting on the broader economic implications, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, recently credited President Bola Ahmed Tinubu’s economic and energy sector reforms for restoring investor confidence and creating the policy environment necessary for large-scale investments in domestic refining.

With rising output, expanding export markets, and declining imports, the Dangote Refinery’s performance signals a turning point for Nigeria’s energy sector, one that promises stronger forex earnings, improved energy security, and a more influential role for the country in global petroleum product trade.

Tags: Aliko DangoteDangote Petroleum Refinery & PetrochemicalsEconomic and Energy Sector ReformsKplerNewsonspotPresident and Chief Executive of Dangote Industries LimitedPresident Bola Ahmed Tinubu
ShareTweetShare
Previous Post

Osimhen Set for Early Return as Galatasaray Confirms Injury Boost…

Next Post

Fidelity Bank Takes Lead in Banking Recapitalisation Drive…

newsonspotadmin

newsonspotadmin

Related Posts

LOPE
Press Release

LOPE Celebrates Nigeria at 66, Calls for Unity, Patriotism…

September 30, 2026
Yemisi Shyllon
Press Release

YSMA, Yenwa and Myma Art Prize Bring What Is Given to a Wider Audience in Lagos…

September 30, 2026
Dangote Petroleum Refinery
Press Release

Dangote Refinery Surpasses Nameplate Capacity, Strengthens Nigeria’s Energy Security and Export Position…

September 30, 2026
Polaris Bank, Partners Support 16,000 Students To Reduce Out-of-School Children In Nigeria…
Press Release

Polaris Bank Takes Customer Service to “The Extra Mile”…

September 29, 2026
Dangote Petroleum Refinery
Press Release

Investor Confidence Rises as Dangote Refinery Targets $36 Billion Revenue in 2026…

September 29, 2026
Dangote Cement
Press Release

Dangote Cement Transport Wins TCAN Award for Championing Transport Industry Development…

September 29, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Uber

Uber Driver Drops Passengers Off At The Airport, Returns Back To Rob Their Home…

September 27, 2022
ST Team

ST Team Hosts Maiden Business Banquet, Unveils AI-Driven Investment Vision…

February 3, 2025
Lagos State Governor-Sanwo-Olu

Lagos Govt Declares 4-day Public Holiday…

January 19, 2023
Airline

Another Anambra Billionaire Set To Unveil New Airline…

May 17, 2024
FAAN

FAAN Faces Backlash Over Uber, Bolt Restrictions at Nigerian Airports…

2
ASUU

ASUU-ESUT Suspends Strike After Enugu Government Signs Key Agreement…

2
MultiChoice

Kemi Omotosho Takes Over From Ugbeh As MultiChoice Nigeria New CEO Amid Subscriber, Revenue Pressures…

1
Enugu Airport

Photos: FG Hands Over Enugu International Airport to Aero Alliance as Cargo Flights to China Set to Begin…

1
LOPE

LOPE Celebrates Nigeria at 66, Calls for Unity, Patriotism…

September 30, 2026
Yemisi Shyllon

YSMA, Yenwa and Myma Art Prize Bring What Is Given to a Wider Audience in Lagos…

September 30, 2026
Dangote Petroleum Refinery

Dangote Refinery Surpasses Nameplate Capacity, Strengthens Nigeria’s Energy Security and Export Position…

September 30, 2026
Polaris Bank, Partners Support 16,000 Students To Reduce Out-of-School Children In Nigeria…

Polaris Bank Takes Customer Service to “The Extra Mile”…

September 29, 2026

Recent News

LOPE

LOPE Celebrates Nigeria at 66, Calls for Unity, Patriotism…

September 30, 2026
Yemisi Shyllon

YSMA, Yenwa and Myma Art Prize Bring What Is Given to a Wider Audience in Lagos…

September 30, 2026
Dangote Petroleum Refinery

Dangote Refinery Surpasses Nameplate Capacity, Strengthens Nigeria’s Energy Security and Export Position…

September 30, 2026
Polaris Bank, Partners Support 16,000 Students To Reduce Out-of-School Children In Nigeria…

Polaris Bank Takes Customer Service to “The Extra Mile”…

September 29, 2026
News On Spot Logo

Browse by Category

Archives

  • Home
  • About Us
  • Contact

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • About Us
  • Contact
  • Entertainment
  • Politics
  • Business
  • Health
  • Sports
  • World
  • https://newsonspot.com.ng/2024/06/14/eid-el-kabir-fg-declares-monday-17-tuesday-18-public-holidays/
  • https://newsonspot.com.ng/2024/05/29/ou-acheter-xenical-en-ligne/
  • https://newsonspot.com.ng/2024/07/27/breaking-anambra-south-senator-ifeanyi-ubah-dies-at-52/
  • https://newsonspot.com.ng/2024/05/13/access-bank-sl-ltd-strengthens-leadership-team-with-key-board-appointments-names-new-chairman/
  • https://newsonspot.com.ng/2024/05/29/achat-isotretinoin-en-ligne-en-france/