Dangote Refinery Archives - News Desk Nigeria

Dangote: Refinery IPO Will Give Millions Of Africans Stake In Industrial Transformation

NewsDeskNgSep 22, 2026September 22, 20260

Dangote says refinery IPO will widen African ownership, create wealth and deepen participation in the continent’s industrial transformation. President and Chief Executive of Dangote Industries Limited, Alhaji Aliko Dangote, has reaffirmed the Group’s unwavering commitment to Africa’s industrial transformation, wealth creation, and long-term economic development. He stated that the ongoing...

Dangote Refinery Will Be The Largest Company In Africa By December End — Aliko

NewsDeskNgSep 14, 2026September 14, 20260

President of the Dangote Group, Aliko Dangote, has assured the investing public that the Dangote Petroleum Refinery and Petrochemicals FZE will be the most viable company in Africa by the end of December 2026. The billionaire entrepreneur assured on Monday on the trading floor of the NGX as he delivered...

Dangote: Refinery IPO To Open In 10–12 Days

NewsDeskNgSep 4, 2026September 4, 20260

Aliko Dangote says the refinery’s IPO will open within 12 days, with the offering expected to raise about $5bn. The Initial Public Offer (IPO) of Nigeria’s Dangote refinery, the largest on the continent, will open in the next 10 to 12 days, its owner, Aliko Dangote, said on Thursday. “So...

Dangote Refinery Cuts Petrol Price to N1,075/Litre, Slashes Diesel, Jet Fuel Prices

NewsDeskNgJul 2, 2026July 2, 20260

Petrol now sells at ₦1,075 per litre ex-depot after Dangote Refinery’s fourth price reduction in one month. Dangote Petroleum Refinery & Petrochemicals has announced another reduction in the ex-depot price of Premium Motor Spirit (PMS), lowering the gantry price by ₦50 per litre to ₦1,075 per litre, its fourth price...

NMDPRA Report: Dangote Refinery Dominates Nigeria’s Petrol Supply With 87.55% Share In May

NewsDeskNgJun 22, 2026June 22, 20260

Dangote Refinery supplied 87.55% of Nigeria’s petrol in May 2026. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that the Dangote Petroleum Refinery accounted for 87.55 percent of Premium Motor Spirit (PMS), popularly known as petrol, supplied to Nigeria’s domestic market in May 2026. The figures were...

NGX Set For Dangote Refinery IPO, Eyes Dual Listing And Deeper Global Investor Ties

NewsDeskNgJun 15, 2026June 15, 20260

Chairman of the Nigerian Exchange Group (NGX Group), Dr. Umaru Kwairanga, has disclosed that the Exchange was getting set for the Initial Public Offering (IPO) of Dangote Refinery which is reportedly offering three billion ordinary shares at $0.35 per share, with investor demand already exceeding $2 billion. Kwairanga expressed NGX’s...

Dangote Net Worth Hits $36.5bn

NewsDeskNgJun 11, 2026June 11, 20260

Dangote’s wealth rises to $36.5bn as Bloomberg ranks him 61st richest globally. Africa’s richest man, Aliko Dangote, has added about $6.5 billion to his personal fortune since the beginning of 2026, pushing his net worth to approximately $36.5 billion and reinforcing his position as the continent’s wealthiest individual.According to data...

Dangote Trucks Record 56% Crash Reduction After FRSC Safety Reforms, Company Reveals

NewsDeskNgMay 27, 2026May 27, 20260

Dangote credits FRSC safety audit for sharp decline in truck crashes, fatalities and injuries across Nigerian highways. The Dangote Group, Tuesday in Abuja, commended the management of the Federal Road Safety Corps (FRSC) for the remarkable impact of its Safety System Gap Analysis conducted on Dangote Cement Transport operations in...

EIU: Dangote Refinery Boosting Nigeria’s GDP Growth, FX Earnings

NewsDeskNgMay 27, 2026May 27, 20260

Economist Intelligence Unit says Dangote Refinery is reducing fuel imports, boosting Nigeria’s GDP growth and foreign exchange earnings. The Economist Intelligence Unit (EIU) has said the operational ramp-up of the 650,000 barrels-per-day Dangote Petroleum Refinery & Petrochemicals is fundamentally transforming Nigeria’s downstream oil sector, significantly reducing the country’s dependence on...

Dangote Jet Fuel Exports Expand Beyond UK To Netherlands, France, Spain, Italy

NewsDeskNgMay 21, 2026May 21, 20260

Dangote Refinery’s jet fuel exports are expanding beyond UK to Morocco, France, Spain, Italy, Netherlands; amid tightening global aviation fuel supply disruptions. Fresh shipment data presented by S&P Global Energy has shown that Dangote Refinery is rapidly expanding its jet fuel exports across Europe, with cargoes now heading to the...