Dangote Refinery Imports $3.74bn Crude Oil in 2025

In 2025, Dangote Petroleum Refinery imported crude oil valued at $3.74 billion, indicating a major shift in Nigeria's oil trade structure as domestic refining capacity continues to expand. According to the balance of payments report released by the Central Bank of Nigeria, these crude imports significantly influenced the country's external sector performance during the year.

The refinery's operations led to a sharp reduction in fuel imports, decreasing by 28.88% from $10 billion in 2024 to $14.06 billion in 2025. Additionally, the refinery's export activities bolstered Nigeria's external earnings, with refined petroleum product exports reaching $5.85 billion during the same period.

Nigeria recorded a current account surplus of $14.04 billion in 2025, down from $19.03 billion in 2024, despite a decline in crude oil export earnings, which fell by 14.41% to $31.54 billion. The report also highlighted an increase in external obligations and net service outflows, alongside a rise in foreign direct investment.