Dangote Refinery Posts $1.82B Profit Amid Europe Fuel Shortage
[Daba Finance] Dangote Petroleum Refinery reported $1.82 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
Dangote Petroleum Refinery's $1.82 billion H1 2026 net profit and over $13 billion revenue-versus a $476 million full-year 2025 loss-reflect how Middle East export disruptions redirected European demand toward its Lagos plant, improving the refinery's utilization and pricing position. For Nigeria, the swing strengthens the case for domestic crude-to-product value addition and reduces reliance on imported refined fuel.
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