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

Primary framing

“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 […]

Key facts

• The refinery's financial performance has sharply turned around
• Dangote Refinery posted a profit after tax of N2.55 trillion in the first half of 2026
• The refinery's revenue was about N19.47 trillion
• The refinery's revenue was about N19.47 trillion
• The refinery's financial performance has sharply turned around

Center-leaning outlets

• Vanguard News