• Home
  • News
    • BREAKING!
    • Investigation
    • Media
    • Interview
    • NEWS ANALYSIS
    • PRESS RELEASE
  • Politics
  • Business
    • OIL & GAS
    • AVIATION
    • ENERGY
    • ECONOMY
    • Agriculture
  • Crime
  • Entertainment
    • MUSIC&ENTERTAINMENT
    • PEOPLE/SOCIETY/CELEBRATION
  • Sports
  • About Us
    • Contact Us
    • Mission Statement
  • More
    • INTERNATIONAL
      • AFRICA
      • DIPLOMATIC
      • FOREIGN
    • DISASTER
    • Civil Society/Human Rights
    • EDUCATION
    • Health
    • Columnist
    • ENVIRONMENT
    • Workers World
    • Judiciary
    • Guest Column
    • Opinion
    • RELIGION
    • ADVENTURE
    • HISTORY
    • DEFENCE
    • SEXUAL VIOLENCE
    • ICT
    • SUNDAY SERMON
    • OBITUARY
    • FOR THE RECORD
    • REACTION
  • Advertise on National Record
Facebook Twitter Instagram
Trending
  • Iran Says Strait Of Hormuz Open As Trump Sees Deal ‘Soon’ To End War
  • Mark-Led ADC Convention A Nullity, Affront On The Court – Bala, Abejide
  • DPOs Are Most Critical Entry Points Into Criminal Justice System- NHRC
  • Convocation: UNIABUJA Offers Automatic Employment To Best Graduating Students
  • Jesus Of Washington And Sinners Of The World; By Owei Lakemfa
  • Pope Urges Cameroon To Reject Violence At Mass That Draws 120,000 People
  • Allies Tell US: We’ll Help Reopen Strait Of Hormuz – But Only After War Ends
  • Pope Blasts ‘Handful Of Tyrants’ Ravaging The World
Facebook Twitter Instagram
National RecordNational Record
  • Home
  • News
    1. BREAKING!
    2. Investigation
    3. Media
    4. Interview
    5. NEWS ANALYSIS
    6. PRESS RELEASE
    Featured

    Iran Says Strait Of Hormuz Open As Trump Sees Deal ‘Soon’ To End War

    By National RecordApril 17, 202605 Mins Read
    Recent

    Iran Says Strait Of Hormuz Open As Trump Sees Deal ‘Soon’ To End War

    April 17, 2026

    Mark-Led ADC Convention A Nullity, Affront On The Court – Bala, Abejide

    April 17, 2026

    DPOs Are Most Critical Entry Points Into Criminal Justice System- NHRC

    April 17, 2026
  • Politics
    Featured

    Mark-Led ADC Convention A Nullity, Affront On The Court – Bala, Abejide

    By National RecordApril 17, 202603 Mins Read
    Recent

    Mark-Led ADC Convention A Nullity, Affront On The Court – Bala, Abejide

    April 17, 2026

    2027 Governorship: Gov. Sule Endorses Sen. Wadada As Preferred Successor

    April 16, 2026

    Dickson Receives Defectors Into NDC, Cites Growing Political Realignment

    April 3, 2026
  • Business
    1. OIL & GAS
    2. AVIATION
    3. ENERGY
    4. ECONOMY
    5. Agriculture
    Featured

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

    By National RecordApril 15, 202603 Mins Read
    Recent

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

    April 15, 2026

    Dangote Sugar Shareholders Approve ₦500bn Rights Issue For Strategic Expansion

    April 15, 2026

    World Bank Advice Will Drag Nigeria Back Into Import Trap, Violates Petroleum Law — Energy Experts Warn

    April 15, 2026
  • Crime
    Featured

    Court Orders Arrest Of Ex-Humanitarian Minister

    By National RecordApril 16, 202602 Mins Read
    Recent

    Court Orders Arrest Of Ex-Humanitarian Minister

    April 16, 2026

    Court Remands Father Over Alleged Defilement Of 12-Year-Old Daughter

    April 16, 2026

    Cleric Bags Life Imprisonment For Raping Church Member’s Daughter

    April 16, 2026
  • Entertainment
    1. MUSIC&ENTERTAINMENT
    2. PEOPLE/SOCIETY/CELEBRATION
    Featured

     ‘Project Hail Mary’ Grosses N39m At West African Box Office Debut

    By National RecordMarch 31, 202601 Min Read
    Recent

     ‘Project Hail Mary’ Grosses N39m At West African Box Office Debut

    March 31, 2026

    Documentary Film, ‘Mothers Of Chibok’, Hits Cinemas Feb 27

    February 23, 2026

    Nollywood Blockbuster ‘Son Of The Soil’ Set For Premiere At Pan-African Film Festival

    February 4, 2026
  • Sports
    Featured

    World Cup Playoff: NFF Appeals FIFA’s Decision Favouring DR Congo

    By National RecordMarch 18, 202602 Mins Read
    Recent

    World Cup Playoff: NFF Appeals FIFA’s Decision Favouring DR Congo

    March 18, 2026

    Nigeria Fall 81-73 To Germany Despite Spirited Fight At FIBA Qualifiers

    March 18, 2026

    CAF Under Fire: Senegal Appeals ‘Unacceptable’ AFCON Ruling As Morocco Cites ‘Respect for Rules’

    March 18, 2026
  • About Us
    • Contact Us
    • Mission Statement
  • More
    • INTERNATIONAL
      • AFRICA
      • DIPLOMATIC
      • FOREIGN
    • DISASTER
    • Civil Society/Human Rights
    • EDUCATION
    • Health
    • Columnist
    • ENVIRONMENT
    • Workers World
    • Judiciary
    • Guest Column
    • Opinion
    • RELIGION
    • ADVENTURE
    • HISTORY
    • DEFENCE
    • SEXUAL VIOLENCE
    • ICT
    • SUNDAY SERMON
    • OBITUARY
    • FOR THE RECORD
    • REACTION
  • Advertise on National Record
National RecordNational Record
Home»Business»Dangote Refinery Powers Historic Shift As Nigeria Emerges Net Petrol Exporter, Earns Fresh Forex
Business

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

National RecordBy National RecordApril 15, 2026Updated:April 15, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
Dangote Refinery in Lekki Free Trade Zone, Lagos.
Dangote Refinery in Lekki Free Trade Zone, Lagos.
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email

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.

Follow the National Record Channel on WhatsApp

Dangote Refinery Forex Histric Shift Net Petrol Exporter Nigeria
National Record

Related Posts

Dangote Sugar Shareholders Approve ₦500bn Rights Issue For Strategic Expansion

April 15, 2026

World Bank Advice Will Drag Nigeria Back Into Import Trap, Violates Petroleum Law — Energy Experts Warn

April 15, 2026

Nigeria Defends Deadly Airstrike In Insurgent-Held Jilli, Orders Probe

April 15, 2026

Leave A Reply Cancel Reply

Recent Posts
  • Iran Says Strait Of Hormuz Open As Trump Sees Deal ‘Soon’ To End War
  • Mark-Led ADC Convention A Nullity, Affront On The Court – Bala, Abejide
  • DPOs Are Most Critical Entry Points Into Criminal Justice System- NHRC
  • Convocation: UNIABUJA Offers Automatic Employment To Best Graduating Students
  • Jesus Of Washington And Sinners Of The World; By Owei Lakemfa
About Us
About Us

Contest Communications Limited is a company incorporated to operate a purely ideologically progressive and working class news establishment. Registered in 2019 to bring this idea into reality, National Record, with the domain name: https://nationalrecord.com.ng/ was conceived to operate as an online news publication.

Contact Us

Contest Communications Limited

Address: 2nd Floor, Suite 21B, Dagep Plaza, Opposite Anaconda Garden and Resort, Off Karu Roundabout, Karu-Site, AMAC, Abuja-FCT.

Phone: +2348033209749

Email: Nationalrecordng@gmail.com

Facebook Twitter Instagram Pinterest
© 2026 All Right Reserved. National Record. Designed By DeedsTech.

Type above and press Enter to search. Press Esc to cancel.