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Dangote Ends Nigeria’s Run as Africa’s Biggest Fuel Importer

Bloomberg.com · last updated

Nigeria’s time as Africa’s biggest fuel importer has ended as the Dangote mega-refinery boosts production. The title is now held by South Africa, where operational fuel-making capacity has shrunk, according to a consultancy.

Billionaire Aliko Dangote’s 650,000-barrel-a-day plant started ramping up in 2024, part of Africa’s leading crude producer’s aim to stop sending oil to Europe to be processed and shipped back.