Nigeria’s Dangote oil refinery’s 9-month net income at $4.73 billion

Sign UpSign InOpen menuMarketsMarket OverviewAfrican EquitiesCryptocurrencyForeign ExchangeCommoditiesNewsLatestFeaturedCryptocurrencyEconomySpecial ReportsTechnologyTradeClimate ChangeMarketsRegionsSouthern AfricaWest AfricaEast AfricaInternationalCNBC TVLatest VideoTop VideoWatch LiveEarningsCEO InterviewsAnalysisTV GuideShowsInsightsInsightsConnecting NationsInvestmentPower LunchFinancial EducationVision 2050LivestreamEventsSign Up / Sign InClose MenuSearch CNBC AfricaSearchQuick LinksAfricaSouth AfricaRwandaNigeriaPower LunchInvestmentTechnologyMarketsFinancial EducationInsightsNigeriaNigeria’s Dangote oil refinery’s 9-month net income at $4.73 billionElisha Bala-GbogboBy ReutersPublished October 13, 2026 at 15:02 GMTSaveShare A view of the Dangote refinery in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. REUTERS/Temilade Adelaja/File Photo ABUJA, Oct 13 (Reuters) – Nigeria’s Dangote Petroleum Refinery made a net profit of $4.73 billion for the first nine months of 2026, reversing a $117.2 million loss in the same period of 2025, according to its unaudited results released on Tuesday.

Revenue more than doubled to $22.48 billion from $9.19 billion in the same period of last year, while EBITDA jumped to $5.52 billion from $627.6 million as higher crude processing rates, stronger refining margins and improved operations boosted earnings.

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