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

The S&P Global Ratings upgrade notes that the Dangote Refinery in Lagos, Nigeria, is increasingly central to the country’s energy sector. The refinery’s large‑scale, integrated operations—processing 650,000 bbl/day of crude and producing a wide slate of petroleum products—are expected to reduce Nigeria’s reliance on imported fuel, improve trade balances, and boost domestic supply stability. S&P cites the refinery’s strong financial backing, modern technology, and expanding product output as key factors enhancing its credit profile and underscoring its growing strategic importance to Nigeria’s economy. Views Nigeria