Dangote Refinery IPO
Every story we have published on Dangote Refinery IPO.
US-Iran truce sends oil crashing
A US-Iran ceasefire agreement and the reopening of the Strait of Hormuz have sent Brent crude crashing from a peak above $120 per barrel in April to below $79 as of June 18-19. Nigeria’s Dangote Refinery has already…
Dangote’s petrol unit is down 34%
The Dangote Petroleum Refinery has been running its main petrol-producing RFCCU unit at 34% below capacity since May 21, initially due to feedstock…
Standard Bank backs Dangote refinery IPO
Standard Bank Group CEO Sim Tshabalala visited the Dangote Petroleum Refinery in Lagos on June 10 and pledged that Standard Bank will play a leading…
Nigeria’s trade surplus triples to N7.55tn
Nigeria’s Q1 2026 merchandise trade surplus surged 341% to N7.55 trillion ($4.1 billion) from N1.71 trillion in Q4 2025, driven by higher crude oil…
Dangote refinery powers past 700,000bpd
The Dangote Petroleum Refinery has validated crude processing capacity of 700,000 barrels per day, surpassing its 650,000 bpd nameplate design…
Dangote exposes the oil mafia
Aliko Dangote publicly described a coordinated “oil mafia” that he says tried to prevent his $20 billion Lekki refinery from being built, telling…
NNPC challenges Dangote’s prices in court
NNPC filed a court counter-affidavit on May 27 arguing that Dangote Petroleum Refinery’s petrol is sold at significantly high and fluctuating…
Nigeria becomes a net fuel exporter
The Dangote Petroleum Refinery ran at 99.1% capacity in April 2026, producing 53.6 million litres of petrol daily against domestic consumption of…
Dangote sets September for $50bn IPO
Aliko Dangote confirmed on May 21 that the Dangote Petroleum Refinery IPO will launch in September 2026 on the Nigerian Exchange, targeting a $50…
Dangote locks NNPC out of refinery
Aliko Dangote has blocked NNPC from acquiring additional equity in the $20 billion Lekki refinery, clearing the cap table ahead of the planned $5…
Dangote refinery eyes $5bn IPO, Africa’s biggest ever
Dangote Petroleum Refinery is preparing Africa’s largest-ever IPO, targeting up to $5bn from a 5-10% stake sale at a $40-50bn valuation, with shares…