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Dangote Refinery hits 700,000 bpd Capacity

Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd.

The achievement was confirmed during a performance test conducted by the refinery’s process licensors and represents a major milestone in the facility’s operational growth.

It further strengthens the refinery’s position as the world’s largest single-train petroleum refinery.

In a statement issued on Thursday in Lagos, Head of Corporate Communications, Anthony Chiejina, said the increased capacity highlights the refinery’s strong engineering design and operational efficiency.

Speaking on the development, Vice President of oil and gas at Dangote Industries Limited, Devakumar Edwin, said the refinery plans to expand its processing capacity to 1.4 million bpd within the next 30 months.

According to him, the goal is to position the facility among the largest refineries in the world.

Edwin noted that the expansion would enhance Nigeria’s energy security, eliminate dependence on imported petroleum products, and strengthen the country’s position as a major exporter of refined products.

He added that the refinery’s long-term vision extends beyond meeting domestic demand to becoming a leading refining hub for Africa and the global market.

Owned by Nigerian industrialist Aliko Dangote, the refinery began fuel production in 2024 and has steadily increased output of petrol, diesel, aviation fuel, and other petroleum products.

“It currently supplies both local and international markets, exporting products to several African countries as well as destinations in Europe, including the United Kingdom, France, Spain, Italy, and the Netherlands.

“The refinery has also supplied gasoline to the United States and jet fuel to Saudi Arabia.

The refinery has emerged as a key stabilising force in the energy sector, particularly amid global supply disruptions linked to tensions in the Middle East,” he added.

He said that as a result, several African countries now rely on the refinery to support their energy security needs.

In April, Dangote Petroleum Refinery was reported by S& P Global Commodities as the world’s largest exporter of jet fuel, further demonstrating its growing influence in global energy markets.

The refinery has also played a significant role in improving fuel availability in Nigeria, reducing the country’s reliance on imported petroleum products and helping to ease pressure on foreign exchange reserves.

Its expansion supports national efforts to boost local refining capacity and maximise value from Nigeria’s crude oil resources.

Rising production levels have attracted increasing interest from international crude oil suppliers and commodity traders, with the refinery sourcing feedstock from both local and foreign producers.

Looking ahead, Aliko Dangote has outlined plans to expand the refinery’s capacity to 1.4 million bpd by 2028.

The proposed expansion is expected to generate significant economic benefits, including job creation, increased industrial activity, and improved trade balances.

The refinery is also expected to support downstream manufacturing through a reliable supply of liquefied petroleum gas (LPG), polypropylene, and other industrial feedstocks used in the production of packaging materials and consumer goods.

Future plans also include the production of Linear Alkylbenzene (LAB), a key raw material used in detergent manufacturing.

Credit NAN: Texts excluding Headline

Dangote Refinery hits 700,000 bpd Capacity
Economy
04-Jun-2026

Union Bank's Endless Possibilities Campaign clinches Bronze at 2026 Pitcher Awards

Union Bank of Nigeria's Endless Possibilities campaign has won Bronze in the Heritage category at the 2026 Pitcher Awards, one of Africa's foremost platforms for creative excellence.
The campaign was also shortlisted in the Craft category for Film Craft, a recognition of the artistry and technical quality behind the work. These recognitions were awarded following adjudication alongside qualifying entries from across the African continent.

The Heritage win carries a particular resonance. It recognises the bank’s ability to honour its rich heritage while maintaining relevance with contemporary audiences.

For more than a century, Union Bank has been woven into the fabric of Nigeria's economic and social progress, and Endless Possibilities continues that story rather than departing from it.

Built to celebrate the ambition and resourcefulness of Nigerians who dream and create against the odds, the campaign mirrors the very qualities that have sustained the Bank across generations. To be honoured in a category defined by history, identity and cultural continuity, is to have that legacy recognised on a continental stage.

Commenting on the award, Olufunmilola Aluko, Chief Brand and Marketing Officer at Union Bank of Nigeria, said:
 
"We are honoured to be recognised at the 2026 Pitcher Awards for Endless Possibilities. This achievement reflects our commitment to telling authentic stories that resonate with the Nigerian spirit and reinforce our promise to support the dreams and progress of the communities we serve. We are equally proud of the Film Craft shortlist, which speaks to the talent and collaboration behind the work."

This recognition on the African stage, adds to Union Bank's growing reputation for storytelling that is locally grounded and broadly resonant.

As the Bank deepens its connections with audiences across the country and continent, it remains committed to work that inspires confidence, possibility and progress.

About Union Bank of Nigeria Plc
Established in 1917, Union Bank is a leading provider of financial services in Nigeria, renowned for its “Simpler, Smarter Banking” philosophy. With a nationwide network and a strong focus on digital innovation, Union Bank continues to empower individuals, businesses, and the public sector to achieve lasting success.

The Bank is a trusted and recognisable brand with an extensive network of over 300 branches across Nigeria. The Bank offers a range of banking services to individual and corporate clients, including current, savings, and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing, and trade finance. The Bank also offers customers convenient electronic banking channels and products, including Online Banking, Mobile Banking, Debit Cards, ATMs, and POS Systems.
Credit Union Bank PR

Union Bank's Endless Possibilities Campaign clinches Bronze at 2026 Pitcher Awards
Back Page
04-Jun-2026

Viral Reports on Release of Abducted Oyo Pupils, Teachers false, misleading, unsubstantiated - Police

The Police Command in Oyo State has debunked viral messages circulating across various social media platforms alleging that the pupils and teachers abducted from Oriire Local Government Area have been released.

This is contained in a statement signed by Olayinka Ayanlade, the state Police Public Relations Officer (PPRO), in Ibadan on Thursday.

Ayanlade stated that the claim is false, misleading, and entirely unsubstantiated.

“As of the time of this release, there has been no such development, and members of the public are advised to disregard the report in its entirety.

“The command wishes to reassure the good people of Oyo state and the families of the victims that intensive and coordinated rescue operations remain ongoing.

“Security operatives are working tirelessly, deploying all available human and operational resources to ensure the safe rescue of the abducted pupils and teachers and their unharmed reunification with their families,” he said.

The command cautioned individuals and groups against disseminating false information and unverified reports.

“Sensational narratives is capable of causing unnecessary panic, heightening public anxiety, undermining ongoing security operations, and threatening public peace and order,” he said,

The command urged residents to rely solely on information released through official channels of the Nigeria Police Force and other authorised government agencies.

“Citizens are encouraged to remain calm, vigilant, and supportive of ongoing security efforts while refraining from sharing unverified information on social media and other communication platforms.

“The command remains committed to ensuring the safe return of the victims and will continue to provide timely and accurate updates as developments unfold,” he said.

Credit NAN: Texts excluding Headline

Viral Reports on Release of Abducted Oyo Pupils, Teachers false, misleading, unsubstantiated - Police
News
04-Jun-2026

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