Dangote Petroleum Refinery has maintained a dominant position in Nigeria’s domestic crude oil supply, accounting for 98 percent of the crude oil offered to the country’s refineries during the second quarter of 2026. This highlights the refinery’s critical role in meeting local demand despite ongoing challenges in the country’s energy sector.
The dominance of Dangote Refinery has raised concerns among industry stakeholders, prompting calls for greater regulatory oversight. A senior official from the Nigerian Petroleum Regulatory Commission warned members of the industry against unauthorized share offerings related to the refinery. This advisory comes amid growing scrutiny over the company’s market influence and its impact on competition.
The refinery’s high share of crude oil supply underscores its strategic importance to Nigeria’s energy infrastructure. However, experts caution that such a concentration of power could limit opportunities for smaller players in the sector. The situation remains under close watch as authorities seek to balance economic growth with market fairness.
Sources indicate that the Nigerian government is considering measures to promote diversification in the refining sector, though no concrete plans have been announced yet. (businessday.ng)
