Dangote fuels Europe while airlines beg for change

Dangote becomes Europe's biggest jet fuel supplier as Nigeria unveils $50bn deepwater tax incentives.

Nigeria’s energy sector is seeing major developments as Dangote Refinery expands jet fuel exports to Europe, becoming its largest supplier for a second consecutive month. Meanwhile, Nigerian airlines face over ₦60 billion in bank loans amid high aviation fuel costs. The government is also reviving plans to list NNPC on the NGX, potentially boosting market capitalisation and transparency. Separately, President Tinubu approved new tax incentives to attract up to $50 billion in investment into Nigeria’s deepwater oil sector, targeting increased production, investment and local participation.