Business
Dangote Refinery Increases Nigerian Crude Intake, Reduces U.S. Imports
According to a recent report by Bloomberg, the Dangote Petroleum Refinery has scaled back its importation of crude oil from the United States, opting instead to increase the intake of Nigerian crude for its refining processes.
The refinery, with a capacity of 650,000 barrels per day, is now set to source more than 80% of its crude feedstock from domestic oil supplies during the third quarter of the year.
This marks a significant shift from the previous quarter, where less than 75% of the refinery’s crude came from local sources.
Data from tanker-tracking services and insights from traders confirm this growing preference for Nigerian oil, signalling a strategic move toward relying more on local resources for its operations.
The shift underscores the refinery’s role in supporting Nigeria’s energy sector by increasing the use of indigenous crude oil.
Nigerian fintech company OPay has introduced new security features to improve the safety of its application.
The company unveiled the Emergency Lock and Safety PIN features to give customers better control over their funds and provide added protection against fraud and unauthorized transactions.
The Emergency Lock feature allows customers to instantly freeze their OPay account with a single tap whenever they sense a threat or believe their account may be at risk.
The newly launched Safety PIN introduces an additional layer of security, helping customers protect themselves in situations where they may be forced to make a transfer or payment against their will.
The Federal Government of Nigeria has spoken on the agriculture sector of the country and shared that, in its current state, it needs more capital as it cannot stand alone without it.
They stated that even more capital will be needed in order to transform the agricultural sector and improve food production in Nigeria.
“Relying solely on public capital will not suffice to finance the transformation of Nigeria’s agricultural sector. Similarly, private capital will not be mobilised at the necessary scale unless the associated risks are comprehensively understood, appropriately allocated, and effectively managed.”
It has been noted that there is now an increase in fuel all around Nigeria, from … to 1000 plus in fuel stations.
It was also noted that Dangote Petroleum Refinery increased the price to 1,175 per litre and diesel has been increased to 1,620 per litre.
This new spike in fuel increase has caused Nigerians to lament widely, wondering why this change happened all of a sudden.
A Look at the BET Awards 2026 Red Carpet Fashion
Some Of The Couples Seen At the Bet Awards 2026
