14 articles
Nigerian billionaire Aliko Dangote launched Africa's largest IPO for his $47 billion oil refinery to fund expansion. The facility processes 700,000 barrels daily and aims to double capacity by 2029 wh
Citigroup reports African sovereign bond sales surged despite Middle East tensions, highlighting infrastructure financing and significant oil & gas investments, including Dangote's $40 billion refiner
Tinubu’s reforms boosted Nigeria’s markets and Dangote’s refinery IPO but caused political backlash due to soaring food and energy costs. Investors welcome stability while citizens face inflation ahea
Nigeria’s antitrust commission warned fuel prices aren’t dropping fast enough despite falling crude costs, targeting dominant refiner Dangote for potential profiteering. Regulators plan to investigate
Indian stocks declined amid US-Iran tensions and elevated oil prices. Industry highlights include Aurobindo Pharma's new biologics facility and BHEL securing a Dangote petrochemical contract.
Aliko Dangote is evaluating multiple East African locations for a $17 billion refinery project to enhance regional fuel security, receiving government support from Uganda and Tanzania.
Nigerian crude producers supplied only 46% of allocated volumes to domestic refineries in Q1 2026 amid pricing disputes. This shortfall hampers local refining efforts and constrains output at major fa
Nigeria President Bola Tinubu appointed former Dangote executive Rabiu Abdullahi Umar to lead the petroleum regulator NMDPRA. The appointment comes amidst clashes over fuel imports and rising domestic
Nigeria capped jet fuel prices at $1.29–$1.46 per litre and granted credit terms to airlines to prevent shutdown amid a 270% price surge. Regulators are engaging refiners like Dangote to stabilize sup
Dangote Refinery profits from record jet fuel margins by exporting to Europe. Meanwhile, Nigerian airlines struggle with deregulated domestic prices threatening flight operations amid global energy di
Kenya and Uganda are negotiating with Aliko Dangote to build a joint crude oil refinery in Tanzania to reduce reliance on Middle Eastern imports. Dangote plans to replicate his Nigerian plant's capaci
Aliko Dangote intends to sell 10% of his refinery via an IPO across African exchanges, offering dollar-denominated dividends and appointing financial advisors for the listing.
EIL secured a $350M contract to expand Dangote’s Nigerian complex, tripling polypropylene capacity to 2.4 MMt/y and increasing crude refining to 1.4 million barrels per day.
Dangote Group and Ethiopian Investment Holdings plan to construct a $2.5 billion urea fertilizer complex in Ethiopia. The joint venture will be owned 60% by Dangote and 40% by the Ethiopian government
ChemBrief