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Dangote ships 17 cargoes to African countries as global petrol crisis escalates
Dangote refinery, Africa’s largest, has increased export of petrol and urea to African countries hit by supply disruptions caused by the Iran war, its owner, Aliko Dangote said yesterday.
Dangote said the refinery, operating at its maximum capacity of 650,000 barrels a day, had helped cushion the effect of the crisis both in Nigeria and across the continent, a Reuters report said.
“What I can do is assure Nigerians … and most of West Africa, Central Africa, and East Africa, we have the capacity to supply them,” Dangote said during a tour of the refinery on the edge of commercial capital Lagos.
He said the facility had shipped some 17 cargoes of petrol to other African nations and exports of urea fertiliser had also recently risen, as buyers sought alternative sources of supply.
“In the last couple of days, we’ve been looking to mostly African countries, which we were not doing before,” he said, referring to the fertiliser shipments, without giving figures, Reuters added.
The refinery has capacity to produce up to three million metric tons of urea annually, most of which is typically exported to the United States and South America, officials say.
Fuel prices in oil-producing Nigeria have reached record-high levels, industry figures show, as maximum output from Dangote refinery has not offset the effect of high crude prices.
Dangote said the refinery hoped to get more crude cargoes priced in local currency to help curb fuel costs.
Two trade sources and a refinery official told Reuters last week that state oil firm Nigerian National Petroleum Company Limited (NNPC) was allocating seven May cargoes for Dangote refinery, up from five in previous months.
Meanwhile, oil prices inched up in choppy trade on Monday, as investors awaited clarity on the status of talks between the U.S. and Iran and remained wary about sustained supply losses due to shipping disruptions.
Brent crude futures were up 0.1 per cent to $109.13 a barrel, even as U.S. West Texas Intermediate (WTI) crude futures were trading up 0.69 per cent, or 77 cents, at $112.31 per barrel.
U.S. and Iran received the framework of a plan to end hostilities, but Iran rejected immediately reopening the Strait of Hormuz, after President Donald Trump threatened to rain “hell” on Tehran if it did not make a deal by the end of Tuesday.
Iran also said it had formulated its positions and demands in response to recent ceasefire proposals conveyed via intermediaries. The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed due to Iranian attacks on shipping after the war began on February 28.
Some vessels, however, including an Omani-operated tanker, a French-owned container ship, and a Japanese-owned gas carrier, have passed through the Strait of Hormuz since Thursday, shipping data showed, reflecting Iran’s policy to allow passage for vessels from countries it deems more friendly, Reuters reported.
The Middle East supply disruptions have led to refiners seeking alternative sources for crude, particularly for physical cargoes in the U.S. and Britain’s North Sea. Spot premiums for U.S. West Texas Intermediate crude has jumped to all-time highs on competition between Asian and European refiners.
On Sunday, OPEC+ agreed to a modest rise of 206,000 barrels per day for May. Saudi Arabia also set the official selling price of May Arab Light crude oil to Asia at a record premium of $19.50 a barrel, above the Oman/Dubai average, an increase of $17 from the previous month, Aramco said.
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Dangote makes case for domestic production at Abuja trade fair
The Dangote Group has reaffirmed the critical role of domestic production in strengthening Nigeria’s economic resilience.
The Group stated this weekend through its Group General Manager, Mr. Abdullahi Bello Danmusa, who represented the Regional Director/Senior Adviser to the Dangote Group President/CE, Fatima Wali-Abdurrahman, at the Dangote Special Day at the ongoing Abuja International Trade Fair.
Speaking on the theme of this year’s Trade Fair, “Resilience: Trade, Taxation and the Economy,” Mr. Danmusa said taxation remains a fundamental component of national development, stressing that Dangote Group takes its tax obligations seriously and contributes substantial revenues to government annually, while also supporting employment, enterprise and value creation across its operations.
He said trade could achieve greater economic impact when it is supported by strong domestic productive capacity.
“Trade becomes more meaningful when it is supported by production. No country can build lasting resilience by depending excessively on imports that it has the capacity to produce competitively at home.
“This is why Dangote Group continues to invest in manufacturing and industrial capacity across cement, sugar, salt and seasoning, packaging, fertiliser, petrochemicals and petroleum refining.
“The theme of this year’s Trade Fair, ‘Resilience: Trade, Taxation and the Economy,’ speaks directly to the realities of our time.
“Nigeria’s economic resilience will ultimately depend on a fundamental choice: to continue to import what we can produce, or build the capacity to produce, compete and export.”
Danmusa noted that strengthening domestic manufacturing capacity would help deepen economic activity, create jobs, support local enterprises and reduce excessive dependence on imported products.
He added that the Group’s investments across various sectors reflect its commitment to supporting Nigeria’s industrialisation and contributing to the development of a more productive and resilient economy.
Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.
Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important
He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.
“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”
He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.
Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.
The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.
Also speaking at the Dangote Special Day, the First Deputy President of the Abuja Chamber of Commerce and Industry (ACCI), Prof. Adebisi Adesugba, commended Dangote Industries for its contribution to Nigeria’s economic development.
Adesugba, who represented the President of ACCI, Emeka Obegolu, SAN, said the longstanding partnership between Dangote and the Chamber demonstrates the important role of responsible corporate participation in promoting commerce, investment and entrepreneurship in Nigeria and across the African sub-region.
He noted that Dangote’s strategic investments in sectors including cement, fertiliser, agriculture, refining and petrochemicals have contributed to strengthening domestic productive capacity, creating employment opportunities, reducing dependence on imports and supporting foreign exchange generation.
“ACCI recognises Dangote not only as an exhibitor and sponsor, but also as a strategic partner.”
He said the partnership between ACCI and Dangote has contributed to creating opportunities for businesses and entrepreneurs while supporting trade, investment and sustainable economic development.
Adesugba further expressed the Chamber’s appreciation for Dangote’s longstanding relationship and partnership with ACCI, describing the collaboration as an important platform for strengthening the business community and advancing economic opportunities.
The Dangote Special Day brought together business leaders, government representatives, investors, exhibitors, entrepreneurs and other stakeholders as part of activities at the ongoing Abuja International Trade Fair.
The event provided an opportunity for stakeholders to engage on issues around taxation, trade, industrialisation, investment, domestic production and the broader prospects for Nigeria’s economic development.
News
Police high command mobilise to rescue 20 NYSC members abducted in Imo
The Inspector General of Police (IGP) Olatunji Disu, has deployed the Deputy Inspector-General of Police (DIG) in charge of Operations, Shehu Umar Nadada, to Imo State to provide operational leadership and strengthen ongoing efforts to rescue the 20 prospective National Youth Service Corps (NYSC) members and other passengers abducted along the Owerri-Onitsha Road at Umunoha on October 1, 2026.
Force Public Relations Officer, Force Headquarters, CSP Anietie Iniedu, disclosed in a statement on Friday that DIG Nadada arrived Imo State alongside two Commissioners of Police and immediately carried out an on-the-spot assessment of the security situation and the search-and-rescue operations being coordinated by the Imo State Police Command.
During the visit, the DIG reviewed operational strategies, personnel deployments, and the utilization of security assets. He also issued fresh directives aimed at enhancing the effectiveness of the coordinated rescue mission.
The assessment was conducted in the company of the Commissioner of Police, Imo State Command, CP Audu Garba Bosso; the Commissioner of Police, Federal Operations, CP Akpan Anifiok; the Commissioner of Police in charge of the Police Mobile Force, CP Nendel Joseph Gomwalk; other service commanders; and members of the Imo State Police Command management team.
According to Iniedu, the police have intensified the search operation, deploying additional tactical teams and operational resources to identified locations.
He said the operation was being reinforced through intelligence-led efforts to track the abductors, alongside coordinated operations with other security agencies.
Nadada, according to the statement, assured members of the public that the police would continue working to secure the safe release of those abducted.
“The Nigeria Police Force is committed to securing the safe rescue of the 20 abducted persons and will sustain the operation until the mission is successfully concluded,” Iniedu quoted Nadada as saying.
The DIG appealed to members of the public and the media to remain calm and vigilant, while urging anyone with credible information that could assist the rescue operation to report to the police or the nearest security formation.
“All information received will be treated with strict confidentiality,” he said.
The police said further information on the rescue operation would be made available as developments unfold.
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Fubara presents staff of office to new Opobo king as monarch pledges to unite community
Photo caption: Governor of Rivers State, His Excellency, Sir Siminalayi Fubara (right) presenting the Staff of Office to His Majesty King Charles Douglas Mac-Pepple Jaja Jeki VI (left),the newly crowned Amanyanabo of Opobo Kingdom at Government House Port Harcourt on Friday.
Governor of Rivers State , His Excellency, Sir Siminalayi Fubara, on Friday formally presented the Certificate of Recognition and Staff of Office to the new Amanyanabo of Opobo Kingdom, His Majesty King Charles Douglas Mac-Pepple Jaja, Jeki VI, urging the new monarch to promote peace, unity and inclusiveness in the kingdom.
The governor while congratulating the new monarch, for successfully scaling the hurdles of selection and coronation, urged the royal father to see contenders who lost out of the selection process, not as victims but as comrades who must be carried along for the kingdom to move forward during his reign.
Speaking during the presentation ceremony in Government House, Port Harcourt, Governor Fubara apologized for his absence at the coronation, explaining that it was due to a call to higher national service, but that his spirit and soul were fully with the kingdom throughout the process.
He declared that history will remember his administration for peacefully laying to rest the late King, Douglas Dandeson Jaja, and mid-wifing the emergence of a new monarch without litigation.
The Governor, who said he remains one of the proudest persons on earth for the success of the transition, disclosed that the late king’s stool was enmeshed in a legal battle that lasted over 27 years, and that it took the wisdom and deliberate intervention of his administration to manage the selection process to avoid another round of court cases.
He emphasized that contrary to insinuations by mischief makers who tried to politicise his absence, his government was fully responsible for the entire process from burial of the late king to the coronation and recognition.
“Our presence was not just in that process alone. Every logistics that were required, there is nobody that can say he’s the one that did it. We did it. So, that is also a key issue in the process. So, for those people who like using everything for politics, my absence was not an intentional thing; it was a call to service. So the fact that I was unable to make it doesn’t mean that I do not value, appreciate or support the process,” Governor Fubara said.
He said the true test of kingship is in the management of success, and prayed that the new reign will usher in greater development in education, healthcare and small businesses, which he said remain the only sustainable antidotes to the growing criminality among youths.
The Governor, who described Opobo as one of the most peaceful Local Government Areas in the State, charged the new king to maintain zero tolerance for criminality, to be intentional and decisive in protecting the kingdom, and not to compromise on security on the grounds of kinship.
Governor Fubara assured the monarch of the continuous support of his administration both in and out of office, while also charging the Alapu Council to guide the king and the titled citizens to redirect their purpose from mere ceremonial uniformity to initiating tangible development projects that will be visible in the kingdom within the next one year.
In an acceptance speech, the newly installed Amanyanabo of Opobo Kingdom, His Majesty King Jaja Jeki VI, pledged to build Opobo on the pillars of service, inclusion and vision, in honour of the legacy of the great King Jaja who founded the kingdom 156 years ago with trade and diplomacy.
Describing the Staff of Office as more than a symbol of authority, the monarch said it represents a sacred trust from the government and people of Rivers State to lead with justice, peace and dignity.
In a statement, Onwuka Nzechi, Chief Press Secretary to Governor Fubara, quoted the monarch to have expressed deep gratitude to God, the ancestors, Governor Fubara, the Opobo Council of Alapu, titled citizens, elders, women and youths for the confidence reposed in him to lead Opobo into its Sixth Chapter.
The new king assured the Rivers State Government that under his reign, Opobo Kingdom will remain a dependable partner for peace, development and unity of Rivers State.
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