S&P Upgrade Highlights Dangote Refinery’s Growing Role in

The S&P Global Ratings upgrade notes that Dangote Refinery, Africa’s largest single‑tranche oil‑processing facility, is increasingly central to Nigeria’s energy landscape. The refinery’s expanding capacity—targeting 650,000 bpd of crude processing and 200,000 bpd of refined products—has boosted domestic fuel supply, reduced import dependence, and improved the country’s trade balance. S&P cites the refinery’s strong financial backing, integrated petrochemical complex, and growing export potential as key factors enhancing its credit profile and underscoring its rising strategic importance in the region’s oil‑and‑gas sector. Views Nigeria