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Dangote refinery raises processing capacity to 700,000 barrels per day

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Dangote Petroleum Refinery and Petrochemicals says it has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its installed nameplate capacity of 650,000 bpd following a performance assessment by its process licensors.

The development marks a significant operational milestone for the refinery, which is widely regarded as the world’s largest single-train petroleum refining facility.

In a statement shared with PREMIUM TIMES on Thursday by the Group Chief Branding and Communications Officer of Dangote Group, Anthony Chiejina, the company explained that the increase demonstrates the refinery’s ability to process additional feedstock while optimising performance across its production units.

In his remark, Vice President, Oil and Gas at Dangote Industries Limited, Devakumar Edwin, said the refinery’s latest output increase forms part of a broader expansion strategy aimed at scaling capacity to 1.4 million bpd within the next 30 months.

Mr Edwin said the proposed expansion could position the facility among the largest refining complexes globally, while strengthening Nigeria’s drive for energy self-sufficiency.

“The refinery’s growth trajectory reflects a deliberate move toward continental and global refining dominance, not just domestic supply sufficiency,” he said.

The announcement of reaching 70, 000 capacity comes a few days after the refinery chief executive disclosed that the production target of 70,000 barrels per day would be reached by 2028.

On Tuesday, the refinery CEO, David Bird, while speaking during the S&P Global Energy Middle East Petroleum and Gas Conference in London, said the refinery is currently operating at full nameplate capacity and is planning what he described as a “ruthless replication” strategy to expand output.

“We will bring 700,000 barrels per day of fully complex refining capacity on stream by the end of 2028,” he said, adding that long-lead equipment has already been procured while construction contracts are being awarded.

He added that the group could eventually increase refining capacity to 2.1 million bpd, supported by plans for another refinery in East Africa, positioning the company as a major player in global crude and refined product markets.

“Nigeria has gone from fuel scarcity to absolute fuel abundance since the Dangote refinery came online,” Mr Bird said.

According to Kpler data cited last month, the Dangote Petroleum Refinery exported an estimated 57 million barrels of jet fuel between April 2024 and April 2026.

The data showed exports rose from about 20,000 barrels per day in April 2024 to around 65,000 barrels per day by the end of that year before peaking at approximately 160,000 barrels per day during the review period.

The figures highlight the growing role of refined petroleum exports in Nigeria’s energy sector, particularly aviation fuel, as the country seeks to strengthen domestic refining capacity and reduce dependence on imported products.

Expansion plans and export ambitions

Owned by industrialist Aliko Dangote, the refinery commenced fuel production in 2024 and has since expanded output to include petrol, diesel, aviation fuel, and other refined petroleum products.

The company said the facility now supplies both domestic and international markets, exporting refined products to several African countries and to European destinations, including the United Kingdom, France, Spain, Italy, and the Netherlands.

It also said refined products from the facility have reached markets in the United States, while jet fuel exports have extended to Saudi Arabia.

Dangote Industries argued that the refinery has increasingly played a stabilising role in regional fuel markets amid supply disruptions linked to geopolitical tensions in the Middle East, with more African countries turning to the facility for energy security.

Growing global footprint

The refinery’s rising output has further strengthened its position in global fuel markets.

The company noted that the facility emerged as the world’s largest exporter of jet fuel in April, citing data from S&P Global Commodities.

Industry analysts say the refinery’s operations have already contributed to reducing Nigeria’s reliance on imported petroleum products, easing pressure on foreign exchange demand and improving local fuel availability.

As production volumes increase, the refinery has also attracted stronger engagement from international crude suppliers and commodity traders, sourcing feedstock from both domestic and foreign producers to sustain rising throughput.

Dangote Industries said the planned expansion to 1.4 million bpd by 2028 is expected to generate broader economic benefits, including job creation, increased industrial activity and improved trade balances.

The refinery also expects to deepen downstream industrialisation through increased supply of liquefied petroleum gas (LPG), polypropylene and other industrial feedstocks used in manufacturing.

Plans also include production of Linear Alkylbenzene (LAB), a key raw material used in detergent manufacturing, as part of efforts to expand the country’s petrochemical value chain.

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LPPC Bars Ozekhome from Using SAN Title Amid Ongoing Ethics Review

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BY SUNDAY SAMUEL The Legal Practitioners’ Privileges Committee (LPPC) has directed prominent lawyer Mike Ozekhome to stop using the title of Senior Advocate of Nigeria (SAN) pending the conclusion of disciplinary proceedings against him.

The decision was made in line with Paragraph 26(6) of the guidelines governing the award and regulation of the SAN rank. The measure will remain in force until the committee reaches a final decision on matters currently before its Disciplinary and Ethics Sub-Committee, as well as other related proceedings.

According to the LPPC, the action is intended to protect the honour, reputation and standing of the prestigious SAN designation while the issues under consideration are thoroughly examined.

As a result, Ozekhome is prohibited from portraying or identifying himself as a Senior Advocate of Nigeria until the disciplinary process is concluded.

The committee reaffirmed its dedication to promoting professionalism, ethical conduct and accountability within the legal profession, stressing the need to preserve public trust in the SAN institution.

Ozekhome was elevated to the rank of Senior Advocate of Nigeria in 2010, joining a group of 19 distinguished legal practitioners admitted to the Inner Bar that year.

The post LPPC Bars Ozekhome from Using SAN Title Amid Ongoing Ethics Review appeared first on Business Today NG.

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Jaiz Bank’s regulatory penalties surge to N530.9 million in 2025

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Jaiz Bank Plc paid N530.9 million in regulatory penalties in 2025, almost twelve times the N45 million it paid in 2024, according to its 2025 annual report, which detailed sanctions imposed by regulators during the year.

The bank was sanctioned by the Central Bank of Nigeria (CBN) and the Nigerian Exchange Group (NGX) for breaches ranging from anti-money laundering and customer due diligence requirements to filing infractions.

According to the annual report, the largest penalties were two separate fines of N131 million each for violations of the CBN’s Customer Due Diligence Regulations in 2025.

In 2025, the bank breached the CBN’s AML/CFT/CPF Regulations 2022, resulting in total penalties of N156 million.

The lender was also sanctioned for contraventions of the Customer Due Diligence Regulations 2023, resulting in penalties totalling N262 million, while breaches of the Targeted Financial Sanctions Guidelines 2022 led to a N75 million fine.

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Additional penalties arose from violations of Sections 50 and 19 of the Banks and Other Financial Institutions Act (BOFIA) 2020, resulting in combined sanctions of N22 million.

The report further disclosed penalties of N15.9 million imposed by the NGX for late filing obligations.

2024 penalties

Meanwhile, in 2024, Jaiz Bank paid a total of N45 million in regulatory penalties for breaches of foreign exchange regulations, corporate governance requirements, electronic payment guidelines, and the provisions of BOFIA 2020.

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According to the bank’s annual report, the largest penalty, N20 million, was imposed for a contravention of Section 29(5) of BOFIA 2020. Another N10 million fine was paid for violating Section 25(4) of the same Act.

CBN also sanctioned the non-interest lender for breaches of its foreign exchange regulations. The bank paid N4 million for contravening Memorandum 8(1) of the CBN Foreign Exchange Manual and an additional N2 million for violating Memorandum 5, Section 3(a)(i) and (ii) of the manual.

Jaiz Bank further incurred a N5 million penalty for breaching Section 1.5(g) of the CBN Guideline on Operations of Electronic Payment Channels in Nigeria.

The bank also paid N2 million for failing to comply with a CBN circular on the Business Standards and Development Assurance (BSDA) Directive and another N2 million for contravening the CBN Guidelines on the Governance of Advisory Committees of Experts for Non-Interest Financial Institutions.


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