A senior Dangote Group official says the refinery subsidizes Nigeria's petrol and diesel but sells jet fuel at full market price.

The Federal Government has asked fuel marketers to give Nigerian airlines a 30-day credit window as Aliko Dangote's refinery rakes in record jet fuel margins.

Former President Olusegun Obasanjo has insisted Nigeria's three NNPC refineries will never work, citing past rejection by Shell and pressure that scuttled the Dangote sale.

Aliko Dangote has offered to build a refinery in Tanzania matching his 650,000-barrel-per-day Lagos plant, with Kenya and Uganda already in talks on the project.

NNPC Trading shipped more than 1.03 million metric tons of crude, about 6.8 million barrels, to Aliko Dangote's Lekki refinery across eight April cargoes.

Nigeria exported 55.39 million barrels in the first two months of 2026 as the Dangote refinery scrambled for feedstock and leaned on imported crude.

Aliko Dangote has secured a second appearance on the TIME100 list, joining the 2026 edition in the "Titans" category as the only Nigerian on this year's global ranking.

Dangote Group has dismissed a viral post falsely quoting Aliko Dangote on cement taxation, the same day TIME named him among its 100 most influential people.

Aliko Dangote's Lekki refinery turned Nigeria into a net petrol exporter last month, ending decades in which Africa's largest oil producer sent crude abroad only to import finished fuel.

Aliko Dangote has appointed three financial advisers to lead a pan-African initial public offering of Dangote Petroleum Refinery and Petrochemicals Fze, targeting listings across multiple African exchanges in what analysts project will become the largest equity offering in African stock exchange history.

KEY POINTS Femi Otedola and Aliko Dangote met President Tinubu in Lagos on Easter...

Dangote Petroleum Refinery denies circulating IPO reports while preparations for a landmark Nigerian Exchange listing quietly move forward on schedule.