Sydenews
  • Home
  • News
    • All
    • Crime
    • Judiciary
    • Religion
    FG, KACCIMA, Extol Dangote Over Sponsorship Of Kano Fair

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

    Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive

    Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive

    World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

    World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Apex Court Restores Olanipekun, Banire As Counsel In $2bn Nestoil/Neconde Case, Rebukes Appeal Court

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    Olukoyede Urges Media To Uphold Ethics InReporting Anti-Corruption Efforts

    Olukoyede Urges Media To Uphold Ethics InReporting Anti-Corruption Efforts

    Polaris Bank Promotes Youth Financial Literacy During Global Money Week 2026

    Polaris Bank Promotes Youth Financial Literacy During Global Money Week 2026

  • Politics
    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    APC Convention: Yayi Progressives Movement Convener, Akintunde Hails Tinubu, Yilwatda, Other National Excos

    APC Convention: Yayi Progressives Movement Convener, Akintunde Hails Tinubu, Yilwatda, Other National Excos

    Outrage In Benue As Group Accuses APC Chairman Of Using Soldiers To Intimidate Residents

    Outrage In Benue As Group Accuses APC Chairman Of Using Soldiers To Intimidate Residents

    Kano Governor Yusuf Extends Welfare Support To Father Of Slain Family

    Kano Governor Yusuf Extends Welfare Support To Father Of Slain Family

    Political Turmoil in Major Parties as SDP Gains Ground Ahead of 2027

    SDP Rules Out Alliance With Politicians Lacking Clear Ideology 

    Tinubu’s Policies Reviving Private Sector, Says Dangote

    Tinubu’s Policies Reviving Private Sector, Says Dangote

    Dangote, Niger State Govt Sign Agreement To Boost Rice Production

    Dangote, Niger State Govt Sign Agreement To Boost Rice Production

    Dumebi Kachikwu Rejects Alleged Takeover Attempt, Declares ADC Not for Sale

    Dumebi Kachikwu Rejects Alleged Takeover Attempt, Declares ADC Not for Sale

    Gov. Yusuf Commends Food Vendors In Kano Over Ramadan Feeding

  • Lifestyle
    How Big Food Turns Holidays Into A Public Health Trap -Humphrey Ukeaja

    How Big Food Turns Holidays Into A Public Health Trap -Humphrey Ukeaja

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Ban Junk, Protect Nigerians — CAPPA Tells FG, States

    Ban Junk, Protect Nigerians — CAPPA Tells FG, States

    Family Marks one-year Memorial Of Late APC Chieftain, Ojougboh With Charity Outreach

    Family Marks one-year Memorial Of Late APC Chieftain, Ojougboh With Charity Outreach

    Kamdi Okeke Leads USA Team Wins Award, Rolls Out Coding Camp In Sub-Sahara Africa 

    Kamdi Okeke Leads USA Team Wins Award, Rolls Out Coding Camp In Sub-Sahara Africa 

    Wale Edun, Ribadu, Dele Alake, Others Appointed As Tinubu Special Advisers

    APC NEC Meeting: Inconsequential, Greedy Elements Determined to Endorse Ganduje

    Nestlé MD, Employees Mentor 12,000 Students

    Nestle Faces Criticism Over High Sugar Levels In Baby Products

    Why We Arrested Bobrisky- EFCC

    Why We Arrested Bobrisky- EFCC

    Restoration For Worshippers, As SCOAN Ends 3-Days Marathon Revival

    Restoration For Worshippers, As SCOAN Ends 3-Days Marathon Revival

  • Judiciary
     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Apex Court Restores Olanipekun, Banire As Counsel In $2bn Nestoil/Neconde Case, Rebukes Appeal Court

    Lawyer Sues Air Peace Over Alleged ‘Seat-Only’ Business-Class Upgrade Policy

    Lawyer Sues Air Peace Over Alleged ‘Seat-Only’ Business-Class Upgrade Policy

    Court Jails Two Chinese Directors 46 Years Each Over N3.4bn, $2.5m Crypto Fraud

    Court Jails Two Chinese Directors 46 Years Each Over N3.4bn, $2.5m Crypto Fraud

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    ₦4.29bn Case: Court Adjourns Arraignment Of UBA, Others

    Lawyer Accuses Land Grabber Of Using State Institutions To Intimidate Foreign Clients

    FCT High Court Strikes Out Charges in River Park Estate Case After AGF Withdraws Prosecution

    Two Chadians Deported, As Lagos CJ Frees 18 Inmates

    Two Chadians Deported, As Lagos CJ Frees 18 Inmates

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Real Estate Developer, Lawyers’ Trial Stuck As Lagos AG Yet To Submit Fresh Police Report

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Man Bags  Six Months For Drug Offence

  • Crime
    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    IGP Disu Visits Jos, Assures Justice As Gov. Muftwang Praises Police Action

    AIG Akpanudom Assumes Duty As Head Of FCID Annex, Lagos

    AIG Akpanudom Assumes Duty As Head Of FCID Annex, Lagos

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Police Arrest Six Suspects Over Deadly Attack on Tactical Teams in Benue

    Police Arrest 24 Over Planned Unapproved Egungun Festivals In Lagos

    Alleged Conspiracy: EFCC Declares Timipre Sylva Wanted

    Alleged Conspiracy: EFCC Declares Timipre Sylva Wanted

    Houses for Africa Dismisses False Claims, Reaffirms True Ownership Structure

    Houses for Africa Dismisses False Claims, Reaffirms True Ownership Structure

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    IPPIS Staff Sentenced for Diverting Ex-Employees’ Salaries

    CRAN Congratulates CSP Benjamin Hundeyin On Appointment As Force Public Relations Officer

    CRAN Congratulates CSP Benjamin Hundeyin On Appointment As Force Public Relations Officer

  • Religion
    Folashade Tinubu Commissions Mosque Built By Primate Ayodele, Calls It “Miraculous”

    Folashade Tinubu Commissions Mosque Built By Primate Ayodele, Calls It “Miraculous”

    Primate Ayodele Releases 2026 Prophecies, Ministers To Be Sacked, Dangote,  Tinubu To Fight, Others

    Primate Ayodele’s Prophecy On Senator’s Death, Monarch’s Murder, Others Fulfilled

    Eulogizing the magnanimous impact of Primate Elijah Ayodele (Part 2)

    Primate Ayodele To Establish School Of Communication, Partners FUOYE

    Kuda Bank Sued Over Alleged Unlawful Freezing Of Corporate Account

    Kuda Bank Sued Over Alleged Unlawful Freezing Of Corporate Account

    Primate Ayodele Commences Annual 21-Day Thanksgiving With Visits  To Members, Police Stations, Others* 

    Primate Ayodele Commences Annual 21-Day Thanksgiving With Visits  To Members, Police Stations, Others* 

    Primate Ayodele Releases 2026 Prophecies, Ministers To Be Sacked, Dangote,  Tinubu To Fight, Others

    Primate Ayodele’s  Prophecies On Mozambique, Nigerian Army, South Africa Fulfilled

    Nigerian Leaders Are Wicked, Selfish, Greedy, They Don’t Care For Their Citizens  –  Primate Ayodele 

    Nigerian Leaders Are Wicked, Selfish, Greedy, They Don’t Care For Their Citizens  –  Primate Ayodele 

    Breaking! 2025: Mockers Will Grow Louder, Aggressive But Many Won’t Survive – Pastor Adeboye

    The Wind Is Blowing Harder”: Pastor Adeboye Releases Sobering 2026 Prophecies

    Nnamdi Kanu To Be Released, President Poisoned, Governor’s Death, Others – Primate Ayodele 2025 Prophecies

    Primate Ayodele’s 2026 Prophecies Touch On Journalists’ Safety, Market Fire, Other Concerns

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Crime
    • Judiciary
    • Religion
    FG, KACCIMA, Extol Dangote Over Sponsorship Of Kano Fair

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

    Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive

    Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive

    World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

    World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Apex Court Restores Olanipekun, Banire As Counsel In $2bn Nestoil/Neconde Case, Rebukes Appeal Court

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    Olukoyede Urges Media To Uphold Ethics InReporting Anti-Corruption Efforts

    Olukoyede Urges Media To Uphold Ethics InReporting Anti-Corruption Efforts

    Polaris Bank Promotes Youth Financial Literacy During Global Money Week 2026

    Polaris Bank Promotes Youth Financial Literacy During Global Money Week 2026

  • Politics
    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    Massive Endorsement as Remi Bello Declares Lagos Assembly Ambition

    APC Convention: Yayi Progressives Movement Convener, Akintunde Hails Tinubu, Yilwatda, Other National Excos

    APC Convention: Yayi Progressives Movement Convener, Akintunde Hails Tinubu, Yilwatda, Other National Excos

    Outrage In Benue As Group Accuses APC Chairman Of Using Soldiers To Intimidate Residents

    Outrage In Benue As Group Accuses APC Chairman Of Using Soldiers To Intimidate Residents

    Kano Governor Yusuf Extends Welfare Support To Father Of Slain Family

    Kano Governor Yusuf Extends Welfare Support To Father Of Slain Family

    Political Turmoil in Major Parties as SDP Gains Ground Ahead of 2027

    SDP Rules Out Alliance With Politicians Lacking Clear Ideology 

    Tinubu’s Policies Reviving Private Sector, Says Dangote

    Tinubu’s Policies Reviving Private Sector, Says Dangote

    Dangote, Niger State Govt Sign Agreement To Boost Rice Production

    Dangote, Niger State Govt Sign Agreement To Boost Rice Production

    Dumebi Kachikwu Rejects Alleged Takeover Attempt, Declares ADC Not for Sale

    Dumebi Kachikwu Rejects Alleged Takeover Attempt, Declares ADC Not for Sale

    Gov. Yusuf Commends Food Vendors In Kano Over Ramadan Feeding

  • Lifestyle
    How Big Food Turns Holidays Into A Public Health Trap -Humphrey Ukeaja

    How Big Food Turns Holidays Into A Public Health Trap -Humphrey Ukeaja

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Ban Junk, Protect Nigerians — CAPPA Tells FG, States

    Ban Junk, Protect Nigerians — CAPPA Tells FG, States

    Family Marks one-year Memorial Of Late APC Chieftain, Ojougboh With Charity Outreach

    Family Marks one-year Memorial Of Late APC Chieftain, Ojougboh With Charity Outreach

    Kamdi Okeke Leads USA Team Wins Award, Rolls Out Coding Camp In Sub-Sahara Africa 

    Kamdi Okeke Leads USA Team Wins Award, Rolls Out Coding Camp In Sub-Sahara Africa 

    Wale Edun, Ribadu, Dele Alake, Others Appointed As Tinubu Special Advisers

    APC NEC Meeting: Inconsequential, Greedy Elements Determined to Endorse Ganduje

    Nestlé MD, Employees Mentor 12,000 Students

    Nestle Faces Criticism Over High Sugar Levels In Baby Products

    Why We Arrested Bobrisky- EFCC

    Why We Arrested Bobrisky- EFCC

    Restoration For Worshippers, As SCOAN Ends 3-Days Marathon Revival

    Restoration For Worshippers, As SCOAN Ends 3-Days Marathon Revival

  • Judiciary
     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

     ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Apex Court Restores Olanipekun, Banire As Counsel In $2bn Nestoil/Neconde Case, Rebukes Appeal Court

    Lawyer Sues Air Peace Over Alleged ‘Seat-Only’ Business-Class Upgrade Policy

    Lawyer Sues Air Peace Over Alleged ‘Seat-Only’ Business-Class Upgrade Policy

    Court Jails Two Chinese Directors 46 Years Each Over N3.4bn, $2.5m Crypto Fraud

    Court Jails Two Chinese Directors 46 Years Each Over N3.4bn, $2.5m Crypto Fraud

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    ₦4.29bn Case: Court Adjourns Arraignment Of UBA, Others

    Lawyer Accuses Land Grabber Of Using State Institutions To Intimidate Foreign Clients

    FCT High Court Strikes Out Charges in River Park Estate Case After AGF Withdraws Prosecution

    Two Chadians Deported, As Lagos CJ Frees 18 Inmates

    Two Chadians Deported, As Lagos CJ Frees 18 Inmates

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Real Estate Developer, Lawyers’ Trial Stuck As Lagos AG Yet To Submit Fresh Police Report

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    Man Bags  Six Months For Drug Offence

  • Crime
    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    PSNAFSA  Denounces Killing Of Brig. Gen. Braimah, Other Soldiers In Borno

    IGP Disu Visits Jos, Assures Justice As Gov. Muftwang Praises Police Action

    AIG Akpanudom Assumes Duty As Head Of FCID Annex, Lagos

    AIG Akpanudom Assumes Duty As Head Of FCID Annex, Lagos

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Shakara Trybe To Unveil Nigeria’s First 30-Foot Christmas Tree Made From Local Fabrics

    Police Arrest Six Suspects Over Deadly Attack on Tactical Teams in Benue

    Police Arrest 24 Over Planned Unapproved Egungun Festivals In Lagos

    Alleged Conspiracy: EFCC Declares Timipre Sylva Wanted

    Alleged Conspiracy: EFCC Declares Timipre Sylva Wanted

    Houses for Africa Dismisses False Claims, Reaffirms True Ownership Structure

    Houses for Africa Dismisses False Claims, Reaffirms True Ownership Structure

    Chartered Accountant Appeals High Court’s Decision Over Bail Denial

    IPPIS Staff Sentenced for Diverting Ex-Employees’ Salaries

    CRAN Congratulates CSP Benjamin Hundeyin On Appointment As Force Public Relations Officer

    CRAN Congratulates CSP Benjamin Hundeyin On Appointment As Force Public Relations Officer

  • Religion
    Folashade Tinubu Commissions Mosque Built By Primate Ayodele, Calls It “Miraculous”

    Folashade Tinubu Commissions Mosque Built By Primate Ayodele, Calls It “Miraculous”

    Primate Ayodele Releases 2026 Prophecies, Ministers To Be Sacked, Dangote,  Tinubu To Fight, Others

    Primate Ayodele’s Prophecy On Senator’s Death, Monarch’s Murder, Others Fulfilled

    Eulogizing the magnanimous impact of Primate Elijah Ayodele (Part 2)

    Primate Ayodele To Establish School Of Communication, Partners FUOYE

    Kuda Bank Sued Over Alleged Unlawful Freezing Of Corporate Account

    Kuda Bank Sued Over Alleged Unlawful Freezing Of Corporate Account

    Primate Ayodele Commences Annual 21-Day Thanksgiving With Visits  To Members, Police Stations, Others* 

    Primate Ayodele Commences Annual 21-Day Thanksgiving With Visits  To Members, Police Stations, Others* 

    Primate Ayodele Releases 2026 Prophecies, Ministers To Be Sacked, Dangote,  Tinubu To Fight, Others

    Primate Ayodele’s  Prophecies On Mozambique, Nigerian Army, South Africa Fulfilled

    Nigerian Leaders Are Wicked, Selfish, Greedy, They Don’t Care For Their Citizens  –  Primate Ayodele 

    Nigerian Leaders Are Wicked, Selfish, Greedy, They Don’t Care For Their Citizens  –  Primate Ayodele 

    Breaking! 2025: Mockers Will Grow Louder, Aggressive But Many Won’t Survive – Pastor Adeboye

    The Wind Is Blowing Harder”: Pastor Adeboye Releases Sobering 2026 Prophecies

    Nnamdi Kanu To Be Released, President Poisoned, Governor’s Death, Others – Primate Ayodele 2025 Prophecies

    Primate Ayodele’s 2026 Prophecies Touch On Journalists’ Safety, Market Fire, Other Concerns

  • Opinion
No Result
View All Result
Sydenews
No Result
View All Result
Home News

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

in News
0
FG, KACCIMA, Extol Dangote Over Sponsorship Of Kano Fair
491
SHARES
Share on FacebookShare on Twitter

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, 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 groupDangote Petroleum Refinery & Petrochemicals

Related Posts

Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive
News

Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive

World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn
Business

World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

 ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others
Judiciary

 ILA Nigeria Conference To Address Tax Evasion, Illicit Financial Flows, Others

Chartered Accountant Appeals High Court’s Decision Over Bail Denial
Judiciary

Apex Court Restores Olanipekun, Banire As Counsel In $2bn Nestoil/Neconde Case, Rebukes Appeal Court

Facebook Twitter Youtube RSS
sydenews logo

Get the Latest Top Stories, Breaking news in Nigeria with in-depth coverage on crime, judiciary and politics

Follow us on social media:

Recent News

  • Dangote Refinery Powers Historic Shift as Nigeria Emerges Net Petrol Exporter, Earns Fresh Forex
  • Fidelity Bank Hits N564.5bn Capital Base , Leads Recapitalisation Drive
  • World Bank’s Proposal May Reopen Nigeria’s Fuel Import Crisis – Energy Experts Warn

Category

  • Business
  • Crime
  • Culture
  • Judiciary
  • Lifestyle
  • National
  • News
  • Opinion
  • Politics
  • Religion
  • Sports
  • Uncategorized
  • World
No Result
View All Result
  • Home
  • Politics
  • News
  • Lifestyle
  • Crime
  • Religion

© 2024 Sydenews - Get the Latest Top Stories, Breaking news in Nigeria.