Nigeria: Dangote Refinery Recorded N19.5 Trillion Revenue, N2.55tn Profit in Six Months

Dangote Refinery swings to N2.55trn profit in six months

By Udeme Akpan The Dangote Petroleum Refinery and Petrochemicals posted a profit after tax of about N2.55 trillion ($1.82 billion) in the first half of 2026, marking a sharp turnaround in the financial performance of the 700,000 barrels-per-day facility. The results, contained in the prospectus for the refinery’s planned Initial Public Offering, IPO, showed revenue […]

Nigeria: Dangote Refinery Recorded N19.5 Trillion Revenue, N2.55tn Profit in Six Months

The Dangote Petroleum Refinery and Petrochemicals generated a revenue of about N19.47 trillion ($13.91 billion) and Profit After Tax of roughly N2.55 trillion ($1.82 billion) in the first half of 2026, as the 650,000 barrels per day facility swung decisively into profitability.

Dangote Refinery Posts N19.13tn Revenue, $1.82bn Profit in H1 2026

By Adedapo Adesanya Dangote Petroleum Refinery saw its revenue rise by 121.4 per cent to 19.13 trillion in the first six months of the year from the N8.64 trillion recorded in the corresponding period of 2025. The refinery reported $1.82 billion in profit after tax, equivalent to approximately N2.5 trillion at the exchange rate applied […]

Dangote Refinery cuts debt to $5.67bn as profit hits $1.82bn

Dangote Petroleum Refinery and Petrochemicals FZE has crossed a major financial milestone, swinging to a $1.82 billion after-tax profit in the first half of 2026 as revenue more than doubled, providing the clearest financial evidence yet of the Lekki refinery’s transition from commissioning and ramp-up into large-scale commercial operations. The refinery generated ₦19.13 trillion ($13.9 […]

Dangote refinery posts N19.13trn revenue in h1 2026

By Boluwatife Oshadiya | September 9, 2026 Key Points Main Story Dangote Petroleum Refinery generated N19.13 trillion in revenue in the first half of 2026, more than doubling its H1 2025 revenue as production and petroleum-product sales increased. The refinery’s H1 revenue rose 121.46% from N8.638 trillion recorded in the corresponding period of 2025, according […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

Dangote Refinery Revenue Hits N19.13tn, Profit Surges To N2.5tn Ahead Of IPO

Dangote Petroleum Refinery generated N19.13 trillion in revenue and approximately N2.50 trillion in profit after tax in the first half of 2026, according to financial statements disclosed in its initial public offering prospectus. The results provide investors with one of the clearest pictures yet of the financial strength of the $20 billion refinery as it […]