Crude-for-Naira: Dangote Refinery Receives Only 5 Out of Mandatory 15 Cargos of Crude Monthly - Bird

Fri, 27 Mar 2026 00:50:49 +0000

Dangote Refinery is operating at full capacity, processing 650,000 BPD, meeting not only Nigeria's fuel demand but also the regional demand. We've been vocal about the existing arrangement with the Federal Government under the crude-for-naira programme, which is often misunderstood as a pricing regime. It's actually priced at the full international benchmark without the foreign exchange implication, which has helped stabilise the FX market. However, that agreement isn't being met, not just in terms of volume but also quality allocation. We urge the government to be transparent with the allocation methodology. We should be receiving 13 to 15 cargoes of crude monthly to meet Nigeria's demand.

David Bird, CEO of Dangote Refinery

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