Nigeria: Dangote Refinery Gains From Europe Fuel Shortage With $1.82b Profit

Nigeria: Dangote Refinery Gains From Europe Fuel Shortage With $1.82b Profit

82 billion in net profit for the first half of 2026 as disruptions to Middle East fuel exports increased demand for products from its Lagos plant. Revenue exceeded $13 billion, compared with a $476 million loss for all of 2025, according to the refinery's IPO prospectus.

Originally published by AllAfrica.

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