Nigeria Boosts Crude Supply to Dangote Refinery by 103% in Four Months

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NarrativeRadar Analysis·Reviewed by

Reported Facts

Observable data points shared across all narratives

•The crude supply to Dangote Refinery and other Nigerian refineries rose by 103% between January and May 2026.
•Nigeria's crude imports have shrunk as local refineries, including Dangote, received 18 million barrels of crude oil locally by May 2026.
•Dangote Refinery exported 1.66 billion litres of refined fuel recently, reflecting increased refining output.
•The federal government coordinated with international oil companies to boost crude supply to domestic refineries.
•The increase in local crude supply supports Nigeria's goal to reduce fuel import dependency amid ongoing US-Iran tensions affecting global energy markets.

What Could Happen If...

▸If Nigeria continues to increase crude supply to domestic refineries Nigeria could further reduce fuel imports, improving energy security and strengthening its position as a regional fuel exporter.

Market Exposure

CommodityBrent CrudeIncreased Volatility

Nigeria's increased crude supply to domestic refineries may influence regional crude demand amid global tensions, adding volatility to Brent Crude prices.

This is not investment advice. Market exposure is based on conditional event analysis.

Source Coverage

AFRICA

3 articles

Signals

Single-block coverage

Primary Sources (3)

AFRICAPunch (Nigeria)Crude imports shrink as Dangote, others get 18m barrels locally AFRICAThisDay (Nigeria)FG, IOCs Raise Crude Supply to Dangote Refinery, Others by 103% in 4 Months AFRICAPunch (Nigeria)Dangote exports 1.66bn litres fuel amid US-Iran tensions

Nigeria's federal government and international oil companies increased crude oil supply to the Dangote Refinery and other local refineries by 103% over four months. This surge has enabled Nigeria to reduce crude imports significantly and increase domestic fuel production, impacting the country's energy independence and export capacity. The expansion comes amid global energy tensions, including US-Iran conflicts, affecting fuel markets.