Tag: Dangote Refinery

Aliko Dangote and NNPC Group CEO Bashir Bayo Ojulari.
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Africa’s richest man, Aliko Dangote, cleared to raise $1.6 billion in landmark IPO

Dangote Refinery has received SEC approval for an IPO that could raise $1.63 billion, valuing the 650,000-barrel-a-day facility at $47 billion.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery boosts Nigeria’s refining sector to 44% growth in second quarter

Nigeria’s refining output grew 44 percent in Q2 2026 as Aliko Dangote’s $20 billion facility drove historic domestic processing records.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of Dangote Group.
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Aliko Dangote’s refinery sets record as Nigerian fuel exports to Europe rise 767%

Aliko Dangote’s refinery drives a 767% jump in Nigerian fuel shipments to Europe as the company plans a $17 billion expansion in Kenya.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa’s richest man and founder of the Dangote Group
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Dangote offers 30% stake in new $16 billion refinery to East African nations  

Dangote refinery Kenya plan could give East African nations a 30% stake in the proposed $16 billion oil project.

Timilehin Adejumobi Timilehin Adejumobi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery secures $400 million ahead of planned IPO  

Dangote Refinery IPO gets $400 million underwriting backing as the company targets a potential $5 billion listing in Nigeria.

Timilehin Adejumobi Timilehin Adejumobi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote, local refiners eye up to $328 million savings in crude swap plan

Nigerian refiners, including Dangote, eye up to $328.8 million in operational savings under a new domestic crude oil logistics swap mechanism.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Dangote Refinery could get cheaper crude under Nigeria supply reforms

Nigeria is considering crude supply and pricing reforms that could lower feedstock costs for Dangote Refinery and other domestic processors.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
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Aliko Dangote plans $16 billion Kenya refinery, with 70% of funding from debt

Aliko Dangote plans to build a $16 billion refinery in Kenya, with 70 percent of the project expected to be financed through debt.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
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Aliko Dangote to use $5 billion IPO to expand Lagos refinery, build Kenya plant

Aliko Dangote targets $5 billion from the Dangote Refinery IPO to expand capacity in Lagos and build a new $17 billion refinery in Kenya.

Omokolade Ajayi Omokolade Ajayi
Dangote Refinery gasoline storage tank with 60 million liters capacity under Dangote Industries Limited operations in Nigeria.
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Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion IPO

Johannesburg Stock Exchange eyes Dangote refinery secondary listing after planned $5 billion Lagos IPO, expanding African investor access.

Feyisayo Ajayi Feyisayo Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote’s refinery targets $5 billion listing after $2.5 billion pitch

Aliko Dangote targets a $5 billion refinery IPO after a $2.5 billion private placement as the mega refinery prepares to list.

Omokolade Ajayi Omokolade Ajayi
Aliko Dangote, Africa's richest man and Dangote group President
BillionairesBusinessHot News

World’s richest Black person Aliko Dangote eyes $100 billion empire on oil, fertilizer

Aliko Dangote is targeting a $100 billion business empire by 2030 through major investments in refining, fertilizer and cement.

Omokolade Ajayi Omokolade Ajayi