11 results for “dangote refinery”
Aviation fuel marketer CITA Energies has called on Dangote Refinery to review its Jet A1 pricing formula, a premium introduced in March and a requirement that 25% of buyers' payment instruments be placed under lien, saying the extra costs are passed on to airlines.
Nigerian Exchange Group chief Temi Popoola says the Dangote Refinery IPO has revived private listing talks spanning energy, technology and state-owned companies, with decisions expected from 2027.
Renaissance Capital Africa has raised its Dangote Petroleum Refinery valuation to N700.41 per share, a 33.4% premium to the N525 offer price, citing stronger refining margins.
Dangote Petroleum Refinery posted an unaudited net profit of $4.73 billion for the nine months to September 2026, reversing a loss a year earlier, as its $1.6 billion initial public offering was extended to 27 October.
A Kenyan court cleared an interim order after petitioners cited the wrong land parcel, while Botswana was picked to host the Southern African leg of Dangote's refinery IPO.
The initial public offering of Dangote Petroleum Refinery and Petrochemicals was scheduled to close on October 13, 2026, a landmark test of whether Nigerian retail investors will buy into the country's biggest company.
The SEC warned that Wayvepay is not registered to operate in the capital market, after the platform said it would offer access to the Dangote Refinery IPO.
Ethiopia has joined the list of investors in Dangote Petroleum Refinery's initial public offering, broadening the deal's pan-African appeal.
Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.
Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.
The one-month trade shift followed the Dangote refinery's production ramp-up, but it does not establish that petrol imports have ended permanently.