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 per day of crude into a full slate of petroleum products—are reducing Nigeria’s reliance on imported fuel, improving trade balances and supporting economic growth. S&P cites the refinery’s strong cash‑flow generation, robust demand outlook, and strategic importance to the national economy as key factors behind the rating improvement. Views Nigeria