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#DangoteRefinery

VideoVideo: NairametricsTV on YouTube

Economy · Video

Dangote refinery posts $4.73bn nine-month profit as revenue jumps 144%

Unaudited figures show the Lekki refinery swung from a $117.2m loss to a $4.73bn profit in nine months, as its ₦2.15trn IPO runs to 27 October.

Dangote Petroleum Refinery made a net profit of $4.73 billion in the nine months to 30 September 2026, reversing a loss of $117.2 million in the same period of 2025, according to unaudited results released in Lagos on Tuesday, 13 October 2026, and reported by Arise News, ThisDay and Nairametrics. Revenue rose by 144 per cent to $22.48 billion, from…

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  1. Abbas Araghchi received Washington's feedback on Iran's seven-day plan through Qatar on Tuesday night and presented it to Iran's cabinet on Wednesday; its contents have not been disclosed.
  2. US officials say Marco Rubio ordered Araghchi's delegation out of New York on Monday after the talks stalled; Iran says it left on schedule.
  3. Trump said on Wednesday the US would either "blow them up" or make a deal, while the order of steps remains the main sticking point.
Gist Reel

World · 5 min read

Iran gets US feedback on Hormuz plan as talks snag on who moves first

Abbas Araghchi received Washington's feedback on Iran's seven-day Hormuz plan through Qatar on Tuesday night, but the two sides still disagree on the order of steps. Oil eased as Gulf exports recovered, good news at the pump but a smaller windfall for Nigeria's budget.

Updated 10:01 WAT, 1 Oct 2026: Iran's cabinet has reviewed the US response without disclosing it, and US officials say Marco Rubio ordered Abbas Araghchi's delegation out of New York on Monday. Updated 08:57 WAT, 30 Sep 2026: Iran has received the US feedback through Qatar, and oil prices eased on Tuesday. This story has been updated. Iran US talks…

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