18 articles
The Nigeria Exchange CEO anticipates increased listings following the record-breaking $50 billion Dangote Petroleum Refinery IPO. Economic reforms and refinery success are stabilizing the market, attr
Botswana has been selected as the host venue for the southern African portion of the Dangote Petroleum Refinery IPO. Access Bank will issue depositary receipts as the refinery targets raising $1.6 bil
Nigeria's Dangote Petroleum Refinery posted a $4.73 billion net profit in the first nine months of 2026, doubling revenue amid global supply disruptions, while extending its IPO deadline due to strong
Dangote Petroleum Refinery reported a $4.725 billion profit after reaching full capacity and launched Africa's largest IPO, with investor demand exceeding the target by three to four times.
Uganda's Capital Markets Authority approved domestic investors to participate in the Dangote Petroleum Refinery's $1.6 billion IPO, aiming to double capacity to 1.4 million barrels per day. This follo
Dangote Petroleum Refinery launches Africa's largest-ever IPO seeking up to $2.1 billion for expansion. The listing underscores the refinery's critical role in regional energy security and serves as a
Nigeria's Dangote Petroleum Refinery aims to attract 10 million retail investors for its IPO, per CEO David Bird, citing Saudi Aramco's listing as a benchmark.
Dangote Petroleum Refinery launches a marketing blitz to attract 10 million investors for its $1.6 billion IPO. Proceeds aim to double crude capacity to 1.4 million barrels daily by 2029.
Dangote Petroleum Refinery announced plans to start construction on a new facility in Kenya alongside its continent-largest IPO launch. The company also plans a major pipeline network extending across
Dangote Petroleum Refinery's IPO secured a $1 billion underwriting programme to support its planned $5 billion listing in Nigeria, potentially becoming Africa's largest public offering. The refinery i
Dangote Petroleum Refinery plans a $5 billion domestic IPO to fund capacity expansion to 1.4 million barrels per day, while delaying overseas listings for at least three years despite strong investor
Dangote Petroleum Refinery secured $2.5 billion in private funding ahead of its anticipated IPO, aiming to double capacity to 1.4 million barrels per day by 2028.
Nigeria’s annual inflation remained steady at 15.9% in June despite rising energy costs from Middle East hostilities. Dangote Petroleum Refinery announced fuel sales in dollars following a collapsed c
Dangote Petroleum Refinery has begun pricing local fuel products in U.S. dollars due to crude supply shortages under the naira-for-crude programme, impacting domestic prices and dollar demand.
Dangote Petroleum Refinery targets $1 billion in private debt to fund expansion and an IPO, aiming to double refining capacity. This supports a broader $40 billion investment strategy including fertil
Nigerian fuel marketers oppose Dangote Petroleum Refinery's lawsuit challenging import permits, warning it could disrupt supply security and competition in Africa's largest oil market.
Nigeria's pensions regulator waived standard eligibility criteria, allowing fund managers to invest in the Dangote Petroleum Refinery IPO to bolster national energy security. This exceptional, one-off
Dangote Petroleum Refinery sued Nigeria to overturn fuel import licenses issued to traders and NNPC, claiming they breach court orders. The filing underscores market tensions as Dangote aims to reduce
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