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    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

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    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

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    Agrihouse Foundation’s Executive Director Appointed Co-Director for Rural Hack’s Food Systems 5.0 Summer School In Italy

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    Agrihouse, AGRA, Mastercard Foundation Support Sakoti Farmers with Chili Pepper Training

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    Alberta Nana Akyaa Akosa to Represent WFF African Chapters at Africa Food Systems Forum in Dakar,Senegal

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    COCOBOD launches reward scheme to tackle cocoa smuggling

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    Hungarian Embassy hosts companies to grow poultry industry

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    Uganda Unveils ‘Super Goat’ Breed Set to Transform Livestock Sector and Boost Exports

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    Gov’t secures €47m to revamp irrigation

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    Agrihouse Foundation leads push to position cassava as the next gold mine

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    Alberta Akosa Joins Global Leaders at UN to Drive Africa’s Digital Transformation.

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    African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho

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    Arab Africa Trade Bridges (AATB) Program Launches Strategic Wheat Development Initiative in Mauritania 

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    Farmers from Across the Globe Unite in Stellenbosch for the G20 Farmers Dialogue

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    NAMPO Cape 2025 breaks records and strengthen the future of Agriculture

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    Agrihouse Foundation and Mulheres Do Agro Partner to Host 1st International Women in Agribusiness and Entrepreneurship Congress in Brazil

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    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

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    Inflation drops to 9.4%, first single-digit in more than four years

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    KGL Group’s Chairman calls on Africa to build global business giants

    Grain glut threatens Ghana’s food security as 100,000 tonnes remain unsold

    Grain glut threatens Ghana’s food security as 100,000 tonnes remain unsold

    Agriculture sector still hampered by skills gap, financing – stakeholders         

    Agriculture sector still hampered by skills gap, financing – stakeholders         

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    FAO Food Price Index edges up in July

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    Chamber of Agribusiness signs MoUs with Danish Embassy 

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    Transformation of Ghana’s agriculture will not be complete without active involvement of women – Agric Minister

    Transformation of Ghana’s agriculture will not be complete without active involvement of women – Agric Minister

    Peasant farmers warn Ghana’s .5bn food import bill could rise over galamsey

    Peasant farmers warn Ghana’s $3.5bn food import bill could rise over galamsey

    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

    Vatican Invites Agrihouse Foundation’s  Founder to Share Africa’s Voice on Food Systems at World Meeting on Human Fraternity

    FAO Champions Inclusion in  Status of the Youth in Agrifood Systems  Report

    FAO Champions Inclusion in Status of the Youth in Agrifood Systems Report

    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

    Boost to Bloom Training Equips Over 180 Farmers in Nungu with Practical Pepper Production Skills

    Agrihouse Foundation’s Executive Director Appointed  Co-Director for Rural Hack’s Food Systems 5.0 Summer School In Italy

    Agrihouse Foundation’s Executive Director Appointed Co-Director for Rural Hack’s Food Systems 5.0 Summer School In Italy

    Agrihouse, AGRA, Mastercard Foundation Support Sakoti Farmers with Chili Pepper Training

    Agrihouse, AGRA, Mastercard Foundation Support Sakoti Farmers with Chili Pepper Training

    Alberta Nana Akyaa Akosa to Represent WFF African Chapters at Africa Food Systems Forum  in Dakar,Senegal

    Alberta Nana Akyaa Akosa to Represent WFF African Chapters at Africa Food Systems Forum in Dakar,Senegal

    Italy’s Rural Hack and Ghana’s Agrihouse Foundation Partner to Strengthen Youth in Agribusiness, Innovation, and Technology

    Italy’s Rural Hack and Ghana’s Agrihouse Foundation Partner to Strengthen Youth in Agribusiness, Innovation, and Technology

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    GVMA hails govt’s ‘Feed Ghana Programme’ as game-changer for food security

    GVMA hails govt’s ‘Feed Ghana Programme’ as game-changer for food security

    COCOBOD launches reward scheme to tackle cocoa smuggling

    COCOBOD launches reward scheme to tackle cocoa smuggling

    Cocoa farmgate price up by GH¢400

    Cocoa farmgate price up by GH¢400

    Hungarian Embassy hosts companies to grow poultry industry

    Hungarian Embassy hosts companies to grow poultry industry

    Uganda Unveils ‘Super Goat’ Breed Set to Transform Livestock Sector and Boost Exports

    Uganda Unveils ‘Super Goat’ Breed Set to Transform Livestock Sector and Boost Exports

    Gov’t secures €47m to revamp irrigation

    Gov’t secures €47m to revamp irrigation

    Agrihouse Foundation leads push to position cassava as the next gold mine

    Agrihouse Foundation leads push to position cassava as the next gold mine

    GEA introduces a new digital condition monitoring solution for the dairy and beverage industry

    GEA introduces a new digital condition monitoring solution for the dairy and beverage industry

    Land banks needed to attract youth into Agriculture – Fairtrade youth ambassador

    Land banks needed to attract youth into Agriculture – Fairtrade youth ambassador

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    FAO Food Price Index declined slightly in September

    FAO Food Price Index declined slightly in September

    Agritechnica 2025: Integrated thermal management and clean air for off-highway vehicles

    Agritechnica 2025: Integrated thermal management and clean air for off-highway vehicles

    World Bank revises Ghana’s end-year growth rate upward to 4.3%

    World Bank revises Ghana’s end-year growth rate upward to 4.3%

    French Navy collaborates with Fisheries Ministry to combat IUU along Gulf of Guinea 

    French Navy collaborates with Fisheries Ministry to combat IUU along Gulf of Guinea 

    Alberta Akosa Joins Global Leaders at UN to Drive Africa’s Digital Transformation.

    Alberta Akosa Joins Global Leaders at UN to Drive Africa’s Digital Transformation.

    WFF Ghana Chapter to Host Youth-Led Webinar to Drive Nutrition and Health Innovation in Ghana’s Food Systems

    WFF Ghana Chapter to Host Youth-Led Webinar to Drive Nutrition and Health Innovation in Ghana’s Food Systems

    President  Mahama launches distribution of 3m coconut seedlings

    President  Mahama launches distribution of 3m coconut seedlings

    Agrihouse Foundation Postpones 15th Annual Pre-Harvest Agribusiness Conference and Exhibition to October 2026 for Greater Impact

    Agrihouse Foundation Postpones 15th Annual Pre-Harvest Agribusiness Conference and Exhibition to October 2026 for Greater Impact

    Agrihouse Foundation and Mulheres Do Agro Partner to Host 1st International Women in Agribusiness and Entrepreneurship Congress in Brazil

    Agrihouse Foundation and Mulheres Do Agro Partner to Host 1st International Women in Agribusiness and Entrepreneurship Congress in Brazil

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    Haiti on the brink: violence cuts off capital, pushing families towards starvation amidst cuts to humanitarian assistance

    Haiti on the brink: violence cuts off capital, pushing families towards starvation amidst cuts to humanitarian assistance

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    African Development Bank Group Board Approves New Strategy to Drive Economic Diversification and Private Sector-led Inclusive Growth in Lesotho

    Arab Africa Trade Bridges (AATB) Program Launches Strategic Wheat Development Initiative in Mauritania 

    Arab Africa Trade Bridges (AATB) Program Launches Strategic Wheat Development Initiative in Mauritania 

    Farmers from Across the Globe Unite in Stellenbosch for the G20 Farmers Dialogue

    Farmers from Across the Globe Unite in Stellenbosch for the G20 Farmers Dialogue

    NAMPO Cape 2025 breaks records and strengthen the future of Agriculture

    NAMPO Cape 2025 breaks records and strengthen the future of Agriculture

    Agrihouse Foundation and Mulheres Do Agro Partner to Host 1st International Women in Agribusiness and Entrepreneurship Congress in Brazil

    Agrihouse Foundation and Mulheres Do Agro Partner to Host 1st International Women in Agribusiness and Entrepreneurship Congress in Brazil

    Grain under pressure: the Bunge-Viterra merger could cost farmers and consumers ,5 billion a year

    Grain under pressure: the Bunge-Viterra merger could cost farmers and consumers $2,5 billion a year

    International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and OPEC Fund Sign US$ 100 Million Syndicated Financing to Support Fertilizer Imports for Bangladesh

    International Islamic Trade Finance Corporation (ITFC), Saudi EXIM Bank, and OPEC Fund Sign US$ 100 Million Syndicated Financing to Support Fertilizer Imports for Bangladesh

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    AI Can Transform Animal Production – Prof. Dadson Awunyo-Vitor

    UNU-INRA pilots youth-designed clean tech for women farmers

    UNU-INRA pilots youth-designed clean tech for women farmers

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    Ghana-Nebraska Agribusiness Chamber Holds Empowering Mentorship Session for University of Ghana Students

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    Empowering young Women through youth-led actions: WFF Ghana Chapter Engages 150 female students and beginner agribusiness champions in the Bono Region

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

    WASCAL, KNUST lead Climate-Smart Agriculture Integration in African University Curricula

    GEPA Impact Hub hosts University of Cape Coast students on Edu tour

    GEPA Impact Hub hosts University of Cape Coast students on Edu tour

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    KNUST Researchers uncover Africa’s first smart soil sensor to revolutionize farming

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    Grain glut threatens Ghana’s food security as 100,000 tonnes remain unsold

    Agriculture sector still hampered by skills gap, financing – stakeholders         

    Agriculture sector still hampered by skills gap, financing – stakeholders         

    Telecel launches SME Month 2025 to champion youth-led businesses

    Telecel launches SME Month 2025 to champion youth-led businesses

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    Creating agribusiness opportunities: GNEBCham links Ghana, Nebraska through Husker Harvest Days

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Home Regional Trends

Nigeria’s $20 Billion Dangote Refinery Reshapes Global Oil Markets

by Agriwatch
January 22, 2025
in Regional Trends
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Nigeria’s  Billion Dangote Refinery Reshapes Global Oil Markets
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Nigeria’s energy landscape has undergone a transformative shift as the $20.5 billion Dangote Oil Refinery began gasoline production, marking a major milestone in Africa’s largest oil producer’s history. Operational since January 2024, the state-of-the-art refinery started producing gasoline in September, with full capacity expected by November.

The refinery, boasting a massive processing capacity of 650,000 barrels of crude per day, is the largest in Africa and surpasses any facility in Europe. This capacity not only meets Nigeria’s domestic needs but also positions the country as a significant player in global energy markets.

Reducing Reliance on Imports

One of the refinery’s groundbreaking features is its commitment to purchasing crude and selling refined fuels domestically in the local currency, a move that alleviates Nigeria’s dependence on foreign exchange, particularly U.S. dollars.

For decades, Nigeria imported a majority of its petroleum products despite being a leading crude oil producer. The Dangote Refinery is reversing this trend, reducing the need for imports and enhancing local self-sufficiency.

Disrupting European Gasoline Markets

The ripple effects of the refinery’s operations are now being felt across international markets, particularly in Europe.

According to a report by OPEC, the Dangote Refinery has significantly curtailed Nigeria’s reliance on imported petroleum products, disrupting a $17 billion gasoline trade between Europe and Africa.

With Nigeria’s growing self-sufficiency, surplus gasoline from European markets will require new destinations, prompting adjustments in trade flows and global market dynamics.

A Game-Changer for Africa

The Dangote Refinery is more than just a facility; it represents a paradigm shift in Africa’s energy infrastructure.

By refining crude domestically, Nigeria is setting a precedent for other resource-rich nations on the continent. Beyond addressing local energy demands, the refinery positions Nigeria as a key supplier in international markets, contributing to economic growth and resilience.

Source : https://oilprice.com / Picture source : Global Upfront Newspappers

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