28 articles
High demand for Dangote Refinery's IPO overwhelmed the Bamboo trading app shortly after subscription opened. The offering allows investors to buy shares at 40 US cents, testing Nigeria's fintech infra
Oil prices exceeded $99/barrel amid escalating US-Iran strikes and attacks on Saudi energy facilities. Supply disruption fears in the Strait of Hormuz and Dangote refinery warnings suggest continued m
Dangote Refinery launched Africa's largest IPO with a $4 entry point, valuing the asset at $49 billion. Financial reports indicate extraordinary earnings growth, positioning the petrochemical giant fo
Dangote Refinery signed documents for Africa's largest IPO, seeking $1.6 billion to double capacity to 1.4 million barrels daily by 2028. The $49 billion deal aims to secure regional energy supply and
Nigeria's Dangote Refinery plans an IPO selling 4.1 billion shares to raise $1.55-1.8 billion, with pricing set between 500-595 naira per share. The order book is scheduled to open on September 14.
Dangote Group announced its flagship refinery IPO will open in 10-12 days, aiming to raise $5 billion. The company also plans capacity expansion to 1.4 million barrels per day and a new refinery proje
Ahead of Nigeria's presidential election, fuel subsidies have become a central political issue following recent gasoline price hikes by the Dangote Refinery. Candidates propose varying policies on sub
Nigeria's Dangote Refinery plans a $5 billion IPO while facing challenges securing affordable crude oil amid geopolitical disruptions. Analysts warn that high feedstock costs could compress margins de
Dangote Refinery plans to launch its IPO in October, potentially becoming Africa's largest offering. The company filed a $5 billion application with the Nigerian SEC, targeting a valuation around $40
Dangote Refinery secured $400 million in underwriting commitments ahead of its planned IPO, targeting up to $2 billion raised. Funds will double the plant's capacity to 1.4 million barrels per day to
Nigeria reviews crude allocation and pricing rules to aid Dangote Refinery and local peers. Changes aim to lower feedstock costs and boost operations at Africa's largest refinery amidst rising produce
West African regulators aim to establish a regional fuel pricing benchmark and trading hub, driven by Nigeria's 650,000 bpd Dangote refinery to enhance local price discovery.
Nigeria's Dangote Refinery targets a $5 billion October IPO to expand capacity and replicate its success across Africa. The deal aims to reduce regional fuel dependence while attracting significant co
Dangote Refinery secured $2.5 billion from investors including Afrexim and AFC ahead of an IPO, with subscription reaching 3.7 times. The company plans to double capacity to 1.4 million barrels per da
Nigeria's gasoline imports more than tripled in June as the Dangote Refinery prioritized exports due to foreign exchange shortages and unreliable crude supply from the state-owned NNPC.
Nigeria's Dangote Refinery secured $2.5 billion via private placement to fund expansion ahead of an IPO, while ramping up domestic fuel production to reduce import reliance.
Dangote Refinery has switched to dollar pricing for refined oil products in Nigeria citing currency risks and reduced naira-denominated crude cargoes. This reversal impacts a prior government deal des
Nigeria's Dangote refinery imported 2 million barrels of UAE crude for the first time, diversifying supply amid weakened global markets and shifting Asian demand.
Dangote Refinery plans to raise $1 billion via private placement for an IPO, with a valuation of $39.1 billion. Funds will support capacity expansion, infrastructure, and petrochemical diversification
Dangote Refinery increased Nigerian crude intake to 526,000 barrels daily, supporting local premiums despite weak overseas demand. Meanwhile, Angolan crude offered discounts as China scaled back impor
Dangote Refinery seeks $1 billion in private funding at a $39.1 billion valuation to expand operations and reduce import reliance. With demand exceeding $2 billion, the deal supports its 650,000 bpd c
Dangote Refinery's gasoline unit is scheduled to resume full operations by mid-June following valve repairs, ending a capacity derate that reduced export volumes amid record-high local fuel prices.
Nigeria's Dangote Refinery exceeded its nameplate capacity during testing, reaching 700,000 barrels per day. This milestone supports plans to expand to 1.4 million bpd and strengthens Africa's positio
Dangote Refinery CEO David Bird announced the facility can supply global jet fuel markets due to surpluses and geopolitical disruptions, planning to double capacity to 700,000 bpd by 2028.
Driven by rising oil prices amid Middle East conflict, Nigeria's economy and asset markets rally as crude exports boost revenue, while the Dangote refinery IPO is expected to further deepen market act
The UK government relies on Nigeria's Dangote Refinery to mitigate jet fuel shortages amid the Strait of Hormuz crisis, despite union allegations of worker dismissals. Dangote denies the claims and co
Dangote Petroleum Refinery will utilize Honeywell technology to produce 400,000 metric tons of linear alkylbenzene annually, targeting import-dependent markets. The expansion also includes propylene p
China Chemical Engineering 13th Construction Bureau secured the piling contract for Dangote Refinery Phase II expansion in Nigeria. The project will increase capacity to 1.4 million barrels per day, b
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