Two Nigerian billionaires are the biggest winners of the Hormuz crisis but oil thieves keep taking their cut
Billionaires Africa | 29.05.2026 09:15
The blockade of the Strait of Hormuz has reshuffled the global oil order, and satellite images analysed by German business magazine WirtschaftsWoche in cooperation with earth observation firm LiveEO show clearly who is winning. In West Africa, two Nigerian billionaires are at the centre of the story: Aliko Dangote, whose refinery near Lagos is running at near full capacity, and Benedict Peters, whose Aiteo produces the ultra-light Nembe crude that refineries across Europe and Asia are now desperate to get their hands on.
