Dangote Refinery's $3.74bn Crude Import in 2025

In 2025, Dangote Petroleum Refinery imported crude oil valued at $3.74 billion, as reported by the Central Bank of Nigeria (CBN). This import significantly influenced Nigeria's current account position, which recorded a surplus of $14.04 billion, a decrease from $19.03 billion in 2024.

The report highlighted a structural shift in the country's oil trade, with crude oil exports dropping from $36.85 billion in 2024 to $31.54 billion in 2025, marking a 14.41% decline. The decline in crude oil imports was accompanied by a substantial reduction in fuel imports, which fell by 28.88% to $10.00 billion in 2025.

Despite being the largest crude oil producer in Africa, Nigeria's reliance on crude imports persisted due to ongoing feedstock shortages. Jeremiah Olatid, CEO of petroleumpric.ng, criticized the federal government's naira crude policy for failing to improve domestic crude supply and reduce fuel prices.