Dangote Refinery Records $1.82bn Profit as IPO Opens
Dangote Refinery has reported a $1.82 billion profit for the first half of 2026 as its ₦2.15 trillion public share offering opens to investors, marking a major turnaround from its 2025 loss.
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Petrol Prices Rise Above ₦1,400 as Dangote Refinery Raises Price Again
Petrol prices have climbed above ₦1,400 per litre in parts of Nigeria after Dangote Refinery increased its wholesale price to ₦1,350. The latest increase comes as global crude prices remain above $100 amid continuing Middle East supply concerns.
Dangote Refinery Launches ₦2.15tn IPO as Nigerians Get Chance to Buy Shares
Dangote Refinery has opened its ₦2.15 trillion IPO, offering 4.1 billion shares at ₦525 each. Nigerians can subscribe for as few as 10 shares, giving retail investors an opportunity to own a stake in Africa's largest refinery.
Oil Hits $108 as Middle East Crisis Raises Fresh Fuel Price Fears in Nigeria
Brent crude has surged above $108 a barrel as Middle East tensions threaten global oil supplies and shipping routes. In Nigeria, the rally is already raising concerns over petrol prices, transport costs and broader inflationary pressure.
Dangote Refinery Launches ₦2.15tn IPO as Firm Targets 10 Million Investors
Dangote Petroleum Refinery and Petrochemicals is preparing to open what is expected to be Africa’s largest initial public offering, with the company targeting up to 10 million retail investors. The offer will sell 4.1 billion shares at ₦525 each, allowing eligible investors to participate with a minimum of ₦5,250.
Dangote Refinery Targets $1.5 Billion IPO as Company Plans Major Capacity Expansion
Dangote Group is preparing to raise between $1.5 billion and $1.8 billion through an initial public offering of Dangote Petroleum Refinery, in what could become one of Nigeria’s biggest capital-market transactions. The proposed share sale is expected to help finance an expansion that could eventually double the refinery’s processing capacity.