Dangote refinery posts record $22.5bn revenue, $4.7bn profit

Politics Spice Special Features Education Sex & Relationship Interview Columns Opinion Advertise with us Dangote refinery posts record $22.5bn revenue, $4.7bn profit Business October 14, 2026 12:01 am Dangote Petroleum Refinery. Photo: Dangote

Dangote Petroleum Refinery and Petrochemicals has recorded $22.5bn in revenue and $4.7bn in net profit for the nine months ended 30 September 2026, compared with a loss of $117.2m in the corresponding period of 2025, as the African industrial giant consolidates its transition into a major profit-generating enterprise.

The company disclosed the financial performance in a statement released and made available to The PUNCH on Tuesday, revealing that revenue surged 144 per cent from $9.2bn in the first nine months of 2025, while earnings before interest, taxes, depreciation and amortisation jumped nearly ninefold to $5.5bn, reflecting higher refining throughput, improved operational reliability and stronger refining margins.

Jide, a seasoned journalist with over 12-year experience, reports business-related stories

Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don’t miss a headline – join now!

Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Download now and never miss a beat.