Dangote Refinery

Dangote plans a $50 billion refinery listing, potentially becoming Africa’s largest capital market offering ever recorded. Africa’s richest person, Aliko Dangote, is targeting a $50 billion valuation for his flagship refinery business ahead of a planned stock market listing in Nigeria later this year, people familiar with the matter have...

Aliko Dangote says Kenya is favoured for his proposed $17 billion East African oil refinery project in Mombasa. Africa’s richest man, Aliko Dangote, has said he is considering Kenya as the preferred location for a proposed 650,000-barrel-per-day oil refinery in East Africa, with the billionaire businessman indicating that the project...

Dangote unveils 20,000MW power plan to drive industrial growth and tackle Africa’s persistent electricity shortfalls. Africa’s foremost industrialist, Aliko Dangote, has disclosed plans to expand into the power sector with a target of generating up to 20,000 megawatts (MW), as part of a  strategy to accelerate industrialisation and economic transformation...

Dangote Refinery has begun direct aviation fuel deliveries to Ethiopian Airlines, marking entry into international jet fuel supply chain markets. The Dangote Petroleum Refinery has commenced direct aviation fuel deliveries to Ethiopian Airlines, marking a significant step in Nigeria’s entry into the international jet fuel supply chain. The development, disclosed...

Dangote Refinery rapidly expands exports to Europe and Africa, while NNPC reports five-year peak in crude oil trading volumes. Jet fuel exports from the Dangote Refinery have surged by about 770 per cent over the past two years, driven by rising global demand for aviation fuel and expanding refining capacity,...

Chika Mbonu says Dangote Refinery ends Africa’s fuel import dependence and strengthens regional energy independence. A business analyst, Chika Mbonu, has described the Dangote Refinery as a transformative project capable of reshaping Africa’s energy landscape, stating that the facility effectively positions itself as “the refinery for Africa” by reducing the...

Dangote considers cross-border listing of refinery shares, aiming to deepen African capital markets and attract wider investor participation. Africa’s richest industrialist, Aliko Dangote, is considering a multi-exchange listing of his $20 billion oil refinery, in a move that could mark one of the most significant cross-border public offerings in Africa’s...

Dangote Refinery says PMS price remains unchanged, assures steady supply to stabilise Nigeria’s fuel market amid volatility concerns. Dangote Petroleum Refinery & Petrochemicals has reaffirmed that the price of Premium Motor Spirit (PMS), commonly known as petrol, remains unchanged, allaying concerns over possible volatility in Nigeria’s downstream petroleum market. A...

Dangote Refinery has dismissed reports of a potential IPO, urging investors to rely only on official and verified disclosures. Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO). The company said several...

Dangote Refinery slashes PMS gantry price to ₦1,200 per litre, defying global oil volatility driven by Middle East tensions. Dangote Petroleum Refinery & Petrochemicals has reduced its gantry price for Premium Motor Spirit (PMS), also known as petrol, to ₦1,200 per litre, marking a significant downward adjustment of up to...