Business

JUST IN: Dangote Oil Refinery To End Nigeria’s Fuel Queues – MAN

Dangote Petroleum Refinery;
Manufacturers Association of Nigeria

Published

3 years ago

May 18, 2023

Charles Flames

585 Views

The Manufacturers Association of Nigeria (MAN) has expressed hopes that the Dangote Petroleum Refinery will end the persistent fuel queues in the country.

In a congratulatory message, yesterday, to the President and Management of Dangote group on the completion and commissioning of the refinery in Lagos, the Association said,” the coming onboard of the Dangote Refinery promises to bring to pleasant end, the nightmare of long queues at petrol filling station and the disruption of social and economic activities that come with it.”

” For all the determination and trail blazing zeal to bring this dream into reality, we Congratulate the President/CEO of Dangote Group, Alhaji Aliko Dangote, on the occasion of the official commissioning of this pride-of-Africa birthed-in-Nigeria project,” said its Director-General, Segun Ajayi-Kadir.

Ohibaba.com learned that works started on the refinery which is situated on land spanning approximately 2,635 hectares in 2016.

The refinery is claimed to be the World’s Largest Single Train 650,000 barrels per day Petroleum Refinery with a 9000 KTPA Polypropylene Plant ever built.

” It is gratifying to note that the Refinery can meet 100% of Nigeria’s requirement for all refined products (Gasoline, 57 million litres per day; Diesel, 27 million litres per day; Kerosene, 11 million litres per day and Aviation Jet, 9 million litres per day) and also have a surplus of each of these products for export.

” The Refinery when fully operational is expected to generate $10 Billion from the export of refined petroleum products and save Nigeria an estimated $10 Billion in foreign exchange.

With State-of-the-art technology, the refinery is designed to produce with 100% Nigerian Crude with the flexibility to process other crudes from Africa, Middle East, and US Light Oil,” he said.

Alsp, it was gathered that the refinery has a self-sufficient marine facility with the ability for freight optimization.

With the Largest Single order of 5 SPMs anywhere in the world, Diesel & Gasoline Products from the refinery will conform to Euro V Specifications.

The refinery design complies with the World Bank, US EPA, European emission standards, and the Department of Petroleum Resources (DPR) emission/effluent standards.

To cushion the potential impact of increase in mean sea level due to global warming, the company took appropriate measures using the world’s largest, 2nd and 10th largest dredgers to elevate the sea height by 1.5 metres.
Dangote Group is one of the few companies in the world executing a Petroleum Refinery and a Petrochemical complex directly as an Engineering, Procurement, and Construction (EPC) Contractor. Globally, apart from three companies, no individual owner has done the complete EPC Contract for a Petroleum Refinery.

Related Topics:Dangote Oil Refinery Fuel Queues

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Dangote, NMDPRA Clash Over Refinery’s Free Zone Status

The case has been adjourned until September 9, 2026, when the court is expected to hear the motion on notice.

Published

14 hours ago

September 1, 2026

OCHEFA

9 Views

A fresh regulatory battle between Dangote Petroleum Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has erupted into a major legal confrontation over the extent of government’s regulatory powers within Nigeria’s free zones.

A Federal High Court in Lagos yesterday restrained NMDPRA from enforcing its directive suspending the loading and truck-out of petroleum products from the Dangote Refinery, effectively stopping the regulator from taking enforcement action against the facility pending the determination of the substantive application.

Justice Akintayo Aluko, in an interim ruling, also barred NMDPRA, its officers, agents and representatives from entering, sealing, shutting down, restricting access to, obstructing, suspending, disrupting, inspecting, supervising, sanctioning or otherwise interfering with the refinery’s operations at the Lekki Free Zone.

The order followed an ex-parte application filed by Dangote Petroleum Refinery and Petrochemicals FZE in Suit No. FHC/L/CS/1174/2026.

At the heart of the dispute is NMDPRA’s August 24, 2026 directive suspending the loading and truck-out of petroleum products from the refinery.

But the case is rapidly assuming significance beyond the immediate dispute over product evacuation.

It raises a fundamental question about the jurisdiction of Nigeria’s petroleum regulator over businesses operating within designated free zones.

Who Regulates the Refinery?

Dangote is challenging NMDPRA’s action on the ground that the regulator lacks the authority to exercise regulatory or oversight powers over operations within free zones, including the Dangote Industrial Free Zone.

Justice Aluko said the documents placed before the court raised “serious issues” requiring determination, particularly whether NMDPRA possesses the regulatory or oversight powers it sought to exercise over the refinery.

The judge also referred to a March 2, 2026 letter from the Attorney-General of the Federation which, according to the court, “clearly stated” that NMDPRA was not entitled to exercise regulatory powers or oversight functions over operations within free zones.The apparent conflict between that position and NMDPRA’s August 24 directive now forms one of the central issues before the court.

Justice Aluko said the critical question was whether NMDPRA should be allowed to exercise the disputed regulatory authority while the substantive issues remained unresolved.

High Stakes for Downstream Market

The dispute comes at a sensitive time for Nigeria’s downstream petroleum industry, where the Dangote Refinery has become a major source of locally refined petroleum products.

Any regulatory action capable of restricting the refinery’s ability to load and evacuate products has potential implications for petroleum distribution and supply across the country.

For Dangote, the legal battle is also about protecting the operational autonomy and investment framework of a refinery established within a free-zone environment.

For NMDPRA, the issue goes to the core of its mandate as the statutory regulator of Nigeria’s midstream and downstream petroleum sector.

The eventual substantive ruling could therefore have consequences well beyond the two parties.

It could establish a judicial precedent on how far petroleum-sector regulators can go in supervising or enforcing their mandates against businesses operating within free zones.

The case has been adjourned until September 9, 2026, when the court is expected to hear the motion on notice.

Business

Commercial Banks Borrowing From CBN Drops By 89% in August

The CBN has two short term lending windows for banks: the Standing Lending Facility (SLF) and Repo lending.

Published

18 hours ago

September 1, 2026

OCHEFA

23 Views

Commercial banks borrowing from the Central Bank of Nigeria’s (CBN) declined by 89 percent to N126 billion in August 2026 from N1.19 trillion in July 2026.

This means higher liquidity in the banking system.

The CBN has two short term lending windows for banks: the Standing Lending Facility (SLF) and Repo lending.

The apex bank lends money to banks through the SLF at interest rate of 500 bases points (bps) above the Monetary Policy Rate (MPR).

It also lends money to banks through Repurchase (Repo) arrangement, which involves the purchase of banks’ securities with the agreement to sell back at a specific date and usually for a higher price.

Source: Vanguard