13 results for “petroleum”
Dangote Petroleum Refinery says its initial public offering has drawn subscriptions from more than 90 countries, including investors in 51 of Africa's 54 nations, as the offer heads toward its October 27 close with no further extension planned.
Niger has banned exports of petrol and diesel, a move that tightens regional fuel supply and affects the cross-border trade that has long moved petroleum products between Niger and its neighbours, including Nigeria.
The Lagos Commodities and Futures Exchange has obtained a licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, positioning itself to bring greater price transparency to petroleum product trading.
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.
The Aliko Dangote Foundation has launched a grant initiative to help up to two million vulnerable Nigerian women acquire shares in the Dangote Petroleum Refinery IPO through matching and unconditional grants.
Dangote Petroleum Refinery is expanding its $1.6 billion IPO into Egypt through a planned depositary receipt programme, with the offer deadline extended to October 27, 2026, to accommodate wider African participation.
Kenya's National Assembly has extended the reduced 8 per cent VAT rate on petroleum products for three months, forgoing about KSh81 billion in revenue to cushion consumers as crude prices rise.
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.
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 Nigerian Upstream Petroleum Regulatory Commission has given affected operators until October 31, 2026, to disclose their ...