Business
Dangote Partners Honeywell International to Boost Refinery Capacity to 1.4 million barrels per day
Dangote Refinery, Africa’s largest single-train petroleum refinery, has signed a landmark contract with U.S. industrial giant Honeywell International to execute a significant capacity upgrade that will boost the facility’s crude processing capability from the current 650,000 barrels per day to an ambitious 1.4 million barrels per day.
The multi-billion-dollar project, described by sources close to the deal as one of the largest refinery expansion initiatives globally in recent years, will involve the installation of advanced process units, automation systems, and energy-efficiency technologies supplied and integrated by Honeywell UOP and Honeywell Process Solutions.
Aliko Dangote, President and CEO of Dangote Industries Limited, confirmed the partnership, stating: “This strategic collaboration with Honeywell will position the Dangote Refinery as one of the top five largest refineries in the world by capacity.
The upgrade will not only enhance our ability to meet Nigeria’s complete refined products demand but also establish the refinery as a major export hub for gasoline, diesel, jet fuel, and petrochemicals across Africa and beyond.
”The expansion is expected to be implemented in phases, with key units including additional crude distillation, hydrocracking, and catalytic reforming modules.
Honeywell’s proprietary technologies are anticipated to improve yield of high-value products while reducing energy consumption and emissions.Upon completion, the 1.4 million bpd Dangote Refinery will surpass the current global top-tier facilities such as Reliance Industries’ Jamnagar Refinery (1.24 million bpd) and Paraguay’s planned 1.2 million bpd project, cementing its status as the world’s largest single-train refinery.
The project is expected to create thousands of direct and indirect jobs during the construction and commissioning phases and further reduce Nigeria’s dependence on imported refined petroleum products.
A spokesperson for Honeywell confirmed the award, saying the company was “honored to partner with Dangote on this transformative project that will reshape the African downstream landscape.
”Detailed timelines and the exact value of the contract were not disclosed, but industry analysts estimate the expansion could exceed $5–7 billion in total investment.
The statement said: Dangote Group is pleased to announce that it has entered into a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery.
This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently and to further enhance product quality and operational reliability.
Honeywell, a global Fortune 100 industrial and technology company, offers a wide portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s division UOP has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high performance column trays, and heat exchanger technologies that support our best-in-class operations.
Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tons annually using Honeywell’s Oleflex technology.
Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.In addition to refining expansion, Dangote Group is progressing with the next phase of its fertiliser growth plan in Nigeria. We will increase our urea production capacity from 3 million metric tons to 9 million metric tons annually.
The existing plant consists of two trains of 1.5 million metric tons each. The expansion will add four additional trains to meet growing demand for high-quality fertiliser across Africa and global markets.
Dangote Group remains fully committed to delivering world-class industrial capacity, strengthening Nigeria’s energy security, and driving sustainable economic growth through long-term investment, innovation, and strategic global partnerships.
Business
Reps summon Dangote and NMDPRA over fuel imports feud
The lawmakers have formally invited both parties to provide detailed explanations, stressing that only a full understanding of the issues will allow the National Assembly to broker lasting solutions.
The House of Representatives Joint Committee on Petroleum Resources (Downstream and Midstream) has intervened to halt rising tensions between the Dangote Refinery group and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The joint committee on Monday summoned Alhaji Aliko Dangote and the NMDPRA leadership to present their grievances before the committee, while both sides are ordered to cease all media hostilities pending a swift investigation.
The committees, jointly led by Hon. Ikenga Imo Ugochinyere and Hon. Henry Okogie, convened an emergency meeting to address what they described as “growing tension” threatening the stability of the downstream petroleum sector.
Ugochinyere said that the intervention was necessary to prevent further escalation at a critical time when government and industry stakeholders are working to stabilise supply, pricing, and regulation in the post-subsidy era.
“The renewed tension in the downstream sector, stemming from allegations by Alhaji Aliko Dangote against the NMDPRA, demanded urgent attention,” he said.
“The committee is committed to protecting the stability achieved in the sector.”
The lawmakers have formally invited both parties to provide detailed explanations, stressing that only a full understanding of the issues will allow the National Assembly to broker lasting solutions.
Business
Dangote appoints ex-CBN director Mahmud Hassan, as chief economist
In his new role, Hassan will serve as the Group’s top adviser on economic strategy, market trends, and policy implications, reporting directly to the President of the Group, Aliko Dangote.
The Dangote Group has appointed renowned economist and former Central Bank of Nigeria Director, Dr Mahmud Hassan, as its Group Chief Economist.
In a statement released on Monday, the Group said the appointment would strengthen its economic advisory capacity at a time of heightened global and domestic market volatility.
In his new role, Hassan will serve as the Group’s top adviser on economic strategy, market trends, and policy implications, reporting directly to the President of the Group, Aliko Dangote.
Dangote Group said Hassan brings more than 30 years of experience in economic policy formulation, financial sector regulation, and central banking to his new role.
During his long career at the CBN, he held several senior positions, including Director of the Trade and Exchange Department and Director of the Monetary Policy Department.
He also served as Secretary to the Monetary Policy Committee and as Special Assistant on Economic Policy and Research to the CBN Governor
Business
NBS says rebasing behind inflation’s dropping
NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.
The National Bureau of Statistics (nbs) attributes the droppings in headline inflation to the rebasing exercise it carried out five months ago, with the new base year set at 2024 instead of 2009.
NBS, in the report published on its website on Monday, headline inflation further declined to 14.45 percent compared with 16.05 percent recorded in October 2025.
NBS said that the Consumer Price Index rose to 130.5 points in November 2025 from 128.9 points in October, reflecting a 1.6-point increase from the preceding month (128.9).“
Looking at the movement, the November 2025 Headline inflation rate showed a decrease of 1.6 per cent compared to the October 2025 Headline inflation rate,” the NBS report read.
On a month-on-month basis, headline inflation stood at 1.22 per cent in November, higher than the 0.93 per cent recorded in October, indicating that average prices still increased at a faster pace during the month despite the moderation in annual inflation.
The statistical agency noted that on a year-on-year basis, headline inflation in November 2025 was 20.15 percentage points lower than the 34.60 per cent recorded in November 2024, largely reflecting the effect of the rebasing exercise, with the new base year set at 2024 instead of 2009.
Data from the report showed that the average CPI for the twelve months ending November 2025 increased by 20.41 per cent compared with the average of the preceding twelve months, representing a sharp slowdown from the 32.77 per cent recorded in November 2024.
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