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Refinery Saga: NNPCL Supplies Insufficient Crude Oil To Us, Dangote Cries Out

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Amidst the lingering crisis, Dangote Refinery has revealed that the Nigeria National Petroleum Company Limited, NNPCL, is supplying insufficient crude oil for its production demand, hence it is planning to source from brazil and America.

The President of Dangote Group, Aliko Dangote and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, alongside NNPCL, had been locked in a dispute, ranging from monopoly allegations to supply of crude for the refinery, substandard fuel imports and ownership of blending plants in Malta.

However, Dangote, in a new revelation, said for the $20 billion refinery to meet its production demand, it must look for other sources of crude oil supply overseas as the NNPCL allocation is insufficient.

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He said the refinery, which has the capacity of refining 650,000 per day, could not defend on short supply from Nigeria’s oil company.

READ ALSO: Group Urges Bauchi Govt To Release Fund For Healthcare Service Delivery

Rabiu A. Umar, Group Chief Commercial Officer, Dangote Industries Limited, told newsmen in Kano on Friday that NNPC supplies only 33 perc ent of crude to the refinery, disclosing that it had to look elsewhere to source the remaining 67 percent to meet its production capacity.

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According to Umar, the refinery had concluded plans to supply crude oil from Brazil and America by August.

“First of all the refinery is here in Nigeria. We have the crude oil here in Nigeria. We thought we would get the crude oil here and refined it here in our refinery for the benefit of the country and the citizens.

“Ironically, the country takes the crude oil overseas for refining while we have a refinery, one of the biggest in the world.

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“So, we will not stay idle. We have to look for other sources to meet our production capacity. If we get the crude oil supply here in the country we have no reason to go overseas.

READ ALSO: Obasanjo Makes Shocking Revelation About His Birth

“Even now, we are planning to supply crude oil from countries like Brazil and the USA,” he said.

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He said the refinery had commenced supplies to foreign countries since February, disclosing that they receive orders from different countries for supply, especially aviation fuel.

The Chief Commercial Officer also revealed that the refinery needs 15 cargos of crude oil in September but NNPCL promised only 5 to it, lamenting that they see the government’s lackadaisical actions towards the refinery as sabotage.

According to him, the refinery should be celebrated and embraced by the government rather than painting it black as it is the biggest employer of labour with over 50,000 workers at the moment.

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He emphasized that against the government’s false narratives, the refinery had started on a positive note as the quality of its refined products would be standard.

READ ALSO: NEDC Assures Adequate Development In Northeast Region

He said even the House of Representatives, under the leadership of the its speaker, visited the refinery, saw the difference and was satisfied with the quality of the products.

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The official also said, “we are here to defend ourselves and all the government narratives are not true. We urge the people to take samples of our products to ascertain their quality.

“We will not be deterred by the government’s criticism. We will continue until we reach the promised land.

A business analyst in Kano, Abdussalam Kani, on his part demanded an apology to Dangote by the federal government and the national Assembly.

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He also levelled the NMDPRA boss, Ahmed Farouk’s comments against the refinery treasonable offence that deserves punishment .

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Naira Records Massive Appreciation Against US Dollar Into Christmas Holidays

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The Naira gained massively against the United States dollar in the last three days at the official foreign exchange as trading ended for the Christmas holidays.

Central Bank of Nigeria data showed that the Naira strengthened further on Wednesday to N1,443.37 per dollar, up from N1,449.99 on Tuesday.

This means that since Monday this week, the Naira has recorded a significant N13.18 gain against the dollar, according to the apex bank data.

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READ ALSO:Naira Records Depreciation Against US Dollar Across Official, Black Markets

Similarly, at the black market, the Naira traded on Wednesday at N1,490 per dollar, an appreciation from the N1,500 exchanged on Monday but the same rate as on Tuesday.

The uptrend comes amid the rise in the country’s external reserves to $45.24 as of December 23rd, 2025.

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DAILY POST reports that the Naira gained against the dollar at the official market on Monday and Tuesday.

 

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Report Any MRS Filling Stations Selling Fuel Above N739 Per Liter — Dangote Refinery To Nigerians

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Dangote Refinery has urged Nigerians to report any MRS filling station outlets nationwide selling fuel above the N739 per liter announced price.

The company disclosed this in a statement on Sunday.

The refinery insisted that its petrol being at retail outlets remain N739 per liter while the gantry price is N699.

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It further called on other filling station owners to patronize its refined petroleum products at the N699 rate.

We also call on other petrol station operators to patronize our products so that the benefits of this price reduction can be passed on to Nigerians across all outlets, ensuring broad-based relief and a more stable downstream market.”

READ ALSO:Dangote Sugar Announces South New CEO

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Recall that Aliko Dangote, the president of Dangote Refinery, had pegged the retail price of his petrol at a maximum of N740.

DAILY POST reports that MRS filling and other filling stations had reduced fuel prices to between N739 and N912 per liter in Abuja.

However, reports emerged that some MRS filling stations were selling above the N739 per liter announced price benchmark.

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Naira Records Significant Appreciation Against US Dollar

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The Naira recorded significant appreciation against the United States dollar on Monday at the official foreign exchange market to begin the week ahead of Yuletide on a good note.

The Central Bank of Nigeria’s data showed that the Naira strengthened to N1,456.56 per dollar on Monday, up from N1,464.49 traded on Friday last week, 19th December 2025.

This means that the Naira gained N7.93 against the dollar when compared with the N1,464.49 was exchanged as of Friday, December 19, 2025. DAILY POST reports that Monday’s gain at the official FX market is the first since December 15th.

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Meanwhile, at the black market, the Naira remained stable at N1500 per dollar on Monday, according to multiple Bureau De Change operators in Wuse Zone 4, Abuja.

The development comes as the country’s external reserves stood at $44.66 billion as of last week Friday.

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