Nigeria’s fuel imports drop to lowest in 8 years as Dangote refinery ramps up production  

Nigeria’s gasoline imports have dropped to the lowest in almost years, as the Dangote refinery ramps up production and pushes out foreign suppliers.

Bloomberg reported that from January 1 to 24, 2025, shipments of fuel into Nigeria stood at about 110,000 barrels a day, based on data compiled by analytics firm Vortexa Ltd.

• This is the lowest since 2017 when imports used to be above 200,000 barrels per day, and sometimes as high as above 400,000 bpd.
• Experts say the Dangote refinery, which has the highest refining capacity in Africa and Europe has disrupted global oil trade and pushed some refineries in Europe out of the market.
• Even though it is not operating up to its full capacity yet, the Dangote refinery is boosting Nigeria’s fuel independence by reducing imports.

“A large part of the slowdown in Nigeria’s gasoline imports is due to the ramp-up of the Dangote refinery. Northwest Europe will have to find alternative homes for its gasoline supplies,” Vortexa analyst Samantha…