Nigeria: Dangote refinery milestone, Obi one-term vow, equities record high, NEMA flood warning, Pioneer Airline launch

Fri, 15 May 2026 00:00:00 +0000

Nigeria crude imports plunge as Dangote and local refineries source 18M barrels domestically

Nigeria’s crude oil imports dropped sharply as the Dangote refinery and other local plants sourced 18 million barrels of crude domestically, boosting local fuel supply, Punch Newspapers reported May 14. The Dangote refinery — the largest single-train refinery on the African continent — has been the central catalyst. Nigeria’s pattern of exporting crude only to import refined fuels has begun to invert. The 18 million barrels milestone, if sustained, reduces Nigeria’s exposure to global refined-fuel price spikes — exactly the kind of spike Caribbean nations and Kenya are absorbing this month.

Nema on The Tradewinds Brief

Nigeria: Dangote refinery milestone, Obi one-term vow, equities record high, NEMA flood warning, Pioneer Airline launch

Nigeria crude imports plunge as Dangote and local refineries source 18M barrels domestically