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04/06/2026

Officials said the decision was intended to stabilize domestic fuel supplies as the country faces refinery disruptions caused by Ukraine's escalating attacks on energy infrastructure. The restriction will not apply to fuel deliveries made under intergovernmental agreements, allowing certain strategic export commitments to continue.

The move removes another major supplier from an already strained global jet fuel market at a time when airlines and fuel traders are scrambling for alternative sources.

DON'T MISS THIS: Dangote Refinery becomes world’s biggest jet fuel exporter

Russia’s decision to halt jet fuel exports until the end of November could create a rare six-month opportunity for Nigeria’s Dangote Petroleum Refinery to deepen its hold on key aviation fuel markets across Europe and Africa.

For Dangote Refinery, the timing could hardly be better.

The 650,000-barrel-per-day refinery has rapidly transformed from a domestic fuel supplier into one of the world's most important aviation fuel exporters.

In April 2026, Dangote became the world's largest exporter of jet fuel, according to S&P Global Commodities at Sea data, following disruptions to traditional supply routes caused by conflicts involving Iran, Israel and the United States.

Europe emerges as Dangote’s strongest aviation fuel market
Europe has become the refinery’s biggest jet fuel destination and arguably the market where it currently exerts the greatest influence.

Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Sergei Fadeichev/Pool/AFP/Getty Images
Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Sergei Fadeichev/Pool/AFP/Getty Images
According to Reuters, Nigerian jet fuel exports to Europe climbed to a record 66,000 barrels per day in April as the continent struggled with shortages caused by disruptions in Middle Eastern supply routes.

Europe had previously relied on the Gulf for about 75% of its jet fuel imports before geopolitical tensions disrupted established trade routes and forced buyers to diversify their sources of supply.

As concerns over potential disruptions in the Middle East grew, European fuel traders increasingly sought alternative suppliers to reduce their dependence on a single region.

DON'T MISS THIS: Dangote Refinery’s jet fuel exports hit 770% as global aviation markets feel Africa's rise

Russia, once a notable player in global fuel markets, has seen its direct role in supplying Europe diminish significantly since the outbreak of the Ukraine war and the subsequent sanctions regime. However, Russian crude has continued to influence international fuel markets indirectly through third countries that refine and re-export petroleum products.

The latest Russian export ban could tighten global aviation fuel supplies even further by removing additional volumes from international markets for up to six months.

While Europe is no longer heavily dependent on Russian jet fuel, any reduction in global supply tends to create opportunities for other exporters to fill the gap.

This is where Nigeria’s Dangote Refinery could benefit.

Dangote's expanding influence as a global jet fuel supplier
As one of the world's largest refining facilities and an increasingly important exporter of aviation fuel, the refinery is well positioned to capture part of the demand created by Russia’s temporary absence from export markets, potentially expanding its footprint across Europe, Africa, and other aviation fuel-consuming regions

European jet fuel imports from Dangote soared to record levels recently, filling gaps left by disruptions in the Middle East and reduced Russian supplies.
European jet fuel imports from Dangote soared to record levels recently, filling gaps left by disruptions in the Middle East and reduced Russian supplies.
Industry data also shows Dangote supplied roughly 20% of Europe’s imported jet fuel volumes during the height of the recent supply crunch, an extraordinary achievement for a refinery that only began production in 2024.

Europe received around 70,000 barrels per day of Dangote jet fuel in April, making it the refinery’s largest export market.

Beyond Europe, Dangote has expanded sales across Africa, with refined products reaching markets including Ghana, Cameroon, Togo, Côte d’Ivoire and Tanzania as regional buyers increasingly shift away from imported fuel from Europe and the Middle East.

DON'T MISS THIS: Africa’s largest refinery records an impressive 57 million barrels of jet fuel export

At home, the refinery has become the dominant supplier of aviation fuel. The Airlines Operators of Nigeria (AON) says Dangote now supplies more than 95% of Nigeria’s Jet A1 demand while exporting approximately 1.1 billion litres of aviation fuel to Europe between March and April alone.

Dangote Refinery CEO David Bird recently revealed that the company switched operations into “max jet mode” to capitalize on global shortages. With Russia now suspending exports until at least November, the refinery could capture even greater market share in Europe while strengthening its position as Africa’s dominant aviation fuel supplier.

03/06/2026

Cameroon announced plans to begin fuel production from its new Mboro refinery in December 2026 The first phase of the refinery is expected to meet about 22% of the country's domestic demand for petrol and diesel The project is part of the Cameroon government's plan to expand refining capacity to 30,000 barrels per day by 2027 Find it fast with our new search feature at Legit.ng! Legit.ng journalist Dave Ibemere has experience in business journalism, with in-depth knowledge of the Nigerian economy, the stock market, and broader market trends. Cameroon will commence fuel production from its new refinery in December 2026. This will bring the country a step closer to improving its domestic refining capacity while reducing reliance on imported petroleum products. The refinery is situated at Mboro near Kribi in the south of the country, and will commence operations initially at a 10,000 barrels per day (bpd) processing capacity, according to SNH, the country's state-owned oil firm. READ ALSO TCN alerts three states of 30-day power outage amid ongoing upgrade New Cameroon refinery set to begin operations before the end of 2026. Photo: FredFroese Source: Getty Images New refinery in Cameroon It is projected that the first phase of the project will meet approximately 22% of the country's domestic gasoline and diesel demand once fuel production begins, thereby improving fuel availability, Petroleumprice.ng reports. From breaking news to viral moments. Follow Legit.ng on Instagram. SNH stated that construction will commence in June, while procurement and fabrication of equipment for the first phase of the Mboro refinery project will take place up to September. The Mboro refinery is part of a larger 30,000 barrels-per-day (bpd) project and is expected to reach its full processing capacity by 2027. The development comes as Cameroon seeks to expand its refining capacity following the shutdown of its main refinery, Sonara. Located at Cape Limboh near Limbe, the facility was severely damaged by a fire in 2019 and has remained largely inactive since then. Authorities are hopeful of commencing operations by December 2027 at a capacity of 42,000 bpd, and the Mboro refinery is expected to contribute greatly to fulfilling current deficits. READ ALSO Dangote Refinery releases fresh petrol prices 24 hours after rate cut, depot operators join SNH owns 20% of the Mboro refinery, with Tradex, a state-owned petroleum marketer, owning 31%, and Dubai-based Ariana Energy controlling the remaining 49%. New fuel refinery to commence operations in Cameroon by December. Photo: Iuliia Antonova Source: Getty Images Cameroon refinery to cost $520 million The project is estimated at a cost of $520 million, which will be funded through shareholder capital and debt financing. SNH stated that BGFI Bank will head the financing syndicate, which is expected to provide $210 million of debt. A 250,000-barrel petroleum products storage terminal is also to be constructed at Mboro and will be funded by SNH. Future plans include further storage facilities for diesel, gasoline, aviation fuel and kerosene. Overall, the Mboro refinery will assist Cameroon in reducing its fuel imports and increasing its energy security while becoming more central to the refined products supply for the region. Dangote refinery increases capacity Earlier, Legit.ng reported that the Dangote Petroleum Refinery reached a landmark operational milestone, achieving its full nameplate capacity of 650,000 barrels per day (bpd). The development positioned the facility as one of the largest single-train refineries in the world and marked a defining moment for Nigeria’s oil and gas sector. The breakthrough followed the successful restoration and optimisation of the refinery’s Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. Proofreading by Funmilayo Aremu, copy editor at Legit.ng. Source: Legit.ng 0 AUTHORS: Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups.

02/06/2026

Super Eagles captain Wilfred Ndidi has joined the rest of the squad in Warsaw ahead of Wednesday’s international friendly against Poland, PUNCH Sports Extra reports.

Ndidi and other stars such as Moses Simon and Akor Adams were named in the squad for the June international window but were absent as a new-look Eric Chelle side won the Unity Cup title in London at The Valley, Charlton Athletic stadium.

The team arrived in the Polish capital on Monday and held their first training session under light rain at the Stadion Polonii Warsaw, ahead of their clash at the PGE Narodowy Stadium on Wednesday.

According to the team’s media officer, Promise Efoghe, 18 players arrived in Poland, but only 16 took part in the session.

The players in camp include goalkeepers Maduka Okoye, Francis Uzoho and Arthur Okonkwo.

Ndidi, Simon and Adams were joined by Paul Onuachu, Terem Moffi, who captained the team in London, Tochukwu Nnadi, Emmanuel Fernandez, Semi Ajayi, Rafiu Durosinmi, Zaidu Sanusi, Igho Ogbu, Raphael Onyedika, Frank Onyeka, Bruno Onyemaechi and Banik Ostrava midfielder Abdullahi Ibrahim.

After facing Poland on Wednesday, the Super Eagles will travel to Portugal, where they will take on the Selecao in their final World Cup tune-up game of the current international window.

Chelle, fresh from leading the Eagles to retain the Unity Cup in London, is looking forward to Wednesday’s game with optimism.

“There is a culture of winning that we are trying to build in this team, and that mentality is important. You can say that it is difficult to have games at this time because the players have been in holiday mood for about two weeks, but the job must be done.

“We have 18 players in camp now and we will work with that. Everybody must work hard and we will go into the match with the determination to win.”

Ahead of the friendlies, Chelle had lamented the absences of 2023 and 2024 African Players of the Year, Victor Osimhen and Ademola Lookman.

The Franco-Malian coach will also be without midfielder Alhassan Yusuf and Samuel Chukwueze, who recently buried his mother in Imo State.

01/06/2026

May your heart be filled with hope, peace, and joy, knowing that God's love shines brighter than ever. This month, as we reflect on the birth of our Savior, let His light guide your steps and His grace strengthen you for the journey ahead.

29/05/2026

28/05/2026

A Nigerian man has cried out online after allegedly being denied entry into Mauritius despite arriving in the country for vacation with all required travel documents.

In a viral video shared on X (formerly Twitter) by , he claimed he travelled to Mauritius to relax and had already booked hotels and tourist centres before immigration officials allegedly rejected and deported him alongside others.

“Mauritius declined our visa after we arrived. Everybody is chasing Nigerians out of their country,” he lamented.

The man claimed they were separated for questioning and allegedly treated like criminals despite completing all necessary travel preparations.

He further revealed that he had his hotel reservation, yellow card, proof of funds and other requested travel documents but was still allegedly denied entry because he is Nigerian.

27/05/2026

Operatives of the Sokoto State Police Command have arrested three suspects for their alleged involvement in motorcycle theft and the sale of stolen property in Sokoto State.

The arrests were carried out by the Command’s Strike Force Unit following a tip-off from a resident, leading to a coordinated operation across several locations in the state.

In a statement issued by the Police Public Relations Officer, DSP Ahmad Rufa’i, the operation took place on May 23, 2026, at about 10:00 a.m. after intelligence reports linked some individuals to criminal activities in the area.

According to the statement, police operatives raided Kano Road, Runjin Sambo, Gidan Dare, and Gidan Man Ada, where they arrested one of the suspects, identified as Yahuza Abubakar of Darna Village in Wamakko Local Government Area.

During interrogation, Abubakar reportedly confessed to stealing a red Kasea motorcycle and selling it to an accomplice.

“The confession led detectives to Alhaji Samaila Aliyu of Gidan Igwai, who was arrested for allegedly receiving the stolen motorcycle,” the statement added.

Police further disclosed that an ash-coloured Haojue motorcycle was recovered from Aliyu during the investigation. The investigation later revealed that the stolen red Kasea motorcycle had been sold to Ahmed Abdullahi of the Gawon Nama area.

Abdullahi was subsequently arrested, while the stolen motorcycle was successfully recovered from him.

Exhibits recovered during the operation included one red Kasea motorcycle, one ash-coloured Haojue motorcycle, and two master keys suspected to have been used in carrying out the theft operations.

DSP Rufa’i stated that investigations were ongoing to determine whether the suspects were linked to other motorcycle theft syndicates operating within the state.

He added that the suspects remain in police custody and would be charged in court upon completion of investigations

26/05/2026

Blackout in north
By Obas Esiesesa

The Managing Director and Chief Executive Officer of the Niger Delta Power Holding Company, Engr. Jennifer Adighije has disclosed that operations at the 450 megawatts Alaoji Open Cycle Power Plant in Abia State has been restored after it was shut down in 2023 over gas supply and metering disputes.

Adighije disclosed this during a meeting with the Governor of Abia State, Alex Otti, where she briefed the governor on efforts taken by the company to revive the power plant.

She explained that the plant was shut down after disparities emerged between metering and trading points, leading gas supplier TotalEnergies to suspend supply to the facility, while debts also accumulated.

She noted that upon assuming office in 2024, the restoration of the Alaoji plant became a priority for the company.

According to her, “The good news is that we have carried out and fixed all the remedial works on the defective gas line. We’ve also been able to completely defray our past due obligations to Total, and Total has restored gas supply to the plant”.

Adighije added that extensive electromechanical works had also been completed on the plant, leading to the restoration of three generating units, GT1, GT22 and GT23, which are now available to dispatch about 375 megawatts to the national grid.

She also disclosed that the plant has adequate transmission infrastructure with no major evacuation constraints, describing it as a viable generation facility for grid-imported electricity.

The NDPHC boss also commended the Abia State government for reforms in the electricity sector, especially the Aba ring-fenced power arrangement and the establishment of the state electricity regulatory agency.

She said the company was leveraging the Electricity Act and the evolving bilateral electricity market to partner with states and eligible customers to improve power supply across the country.

“We would love to form a strategic alliance with Abia State considering the fact that you are very driven and determined to secure uninterruptible electricity for the good people of Abia State,” she said.

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Responding, Governor Otti praised the management of NDPHC for bringing the Alaoji plant back to life, describing the development as critical to economic growth and industrial development in the state.

Otti revealed that the plant could eventually be expanded to 800 megawatts and later to about 1,100 megawatts, subject to the availability of funds.

He reiterated that power remained one of the most critical drivers of economic development, noting that his administration prioritised electricity infrastructure since assuming office in 2023.

The governor also disclosed that the state government had ring-fenced the Umuahia electricity market and entered into an agreement with the Enugu Electricity Distribution Company to acquire electricity distribution assets covering Umuahia and surrounding areas.

According to him, the state would require about 100 megawatts to service the eight local government areas under the Umuahia ring-fence, while investments in renewable energy and mini-grid projects were also ongoing.

26/05/2026

It cited excessive taxes and levies, high interest rate, insecurity, poor infrastructure and unstable power supply as major threats to business survival.

The employers warned that despite recent macroeconomic reforms and signs of economic stabilisation, manufacturers are still grappling with rising production costs, weak consumer purchasing power and shrinking profit margins.

Speaking, AFBTE President, Mr. Chinedum Okereke, said many businesses were under severe pressure as a result of economic and structural challenges confronting the country.

He stated: “The past year, like those before it, presented both opportunities and challenges for businesses. While there were some positive developments and policy tailwinds, there were also significant pain points that affected the industry.

“Businesses continued to grapple with the lingering effects of the COVID-19 pandemic, the removal of fuel subsidy, the floating of the naira, and other policy changes introduced since 2023.

“These developments triggered macroeconomic volatility, weakened purchasing power, increased production costs, and led to reduced investments, capital flight, and in some cases, partial or complete closure of businesses.

“One disturbing experience is the limited impact of the improvements recorded on the micro-economic front; more pointedly, its lack of positive effect on poverty reduction especially the general welfare and standard of living of the people,” he said.

Okereke identified high borrowing costs as one of the major constraints to industrial growth, saying “The high cost of borrowing also remained a major challenge for businesses. These huge increases over time in the past translated to high cost of borrowing, that is, high interest rates, a development which evidently increased the debt burden of businesses and in like manner reduced their margins.

“Although the exchange rate situation has improved compared to previous years, the cost of foreign exchange remains high.

25/05/2026

Pandemonium broke out on Monday at the national headquarters of the Independent National Electoral Commission (INEC) in Abuja after suspected thugs attacked Itsekiri youths protesting over the delineation of Warri Federal Constituency in Delta State.

The protesters, numbering about 200, had converged on the INEC headquarters to demand what they described as justice over the alleged unjust delineation of the constituency.

The youths, under the platform of Ugbarajo Itsekiri Youths, carried placards with inscriptions such as “INEC must protect indigenous communities,” “Warri Federal Constituency is not for sale,” “Justice for Itsekiri Communities Now”, and “Dollars Cannot Buy Our Land.”

As the protest continued, the suspected thugs reportedly swooped on the demonstrators with sticks.

They allegedly destroyed placards and disrupted the gathering, forcing people around the area to run for safety.

An INEC National Commissioner, Prof. Abdullahi Zuru, and journalists at the scene were said to have retreated during the chaos.

Zuru later returned to address the protesters. He assured them that the matter had already been taken to the Office of the National Security Adviser, Nuhu Ribadu, for attention.

The Legal Adviser of Itsekiri Youths Worldwide, Solomon Ogholaja; National Secretary, Laura Oritseweyinmi; and Secretary-General, Jakpah Jolomi, vowed to continue pressing for justice.

They said the group would not back down in its demand for fairness from INEC and the Federal Government over the Warri Federal Constituency delineation.