Dangote Petroleum Refinery
Coverage of Dangote Petroleum Refinery in the Nexus archive.
- Africa: Africa's Biggest IPO Nears As Dangote Refinery Files for Listing
Dangote Petroleum Refinery has filed an initial public offering application with Nigeria's Securities and Exchange Commission, aiming for a listing on the Nigerian Exchange by September 2026. No official offer or listing date has been approved yet.
- Dangote Refinery raises $2.5 billion in Africa’s largest private equity placement
Dangote Petroleum Refinery raised $2.5 billion through a private equity placement, which was oversubscribed by 3.7 times. The funds will be used for expansion and to strengthen its capital structure.
- Nigeria: Dangote Drives Global Jet Fuel Exports to Europe, Shipments Hit Record High
Nigeria's jet fuel exports to Europe reached a record high in June, driven by the Dangote Petroleum Refinery's growing influence in the international aviation fuel market, despite Europe's oversupplied market and weakening prices.
- Nigerian airlines now depend on bank loans as fuel costs soar — Onyema
Nigerian airlines are increasingly relying on bank loans due to rising fuel costs, as highlighted by Onyema. This follows a recent reduction in aviation fuel (Jet A1) prices by Dangote Petroleum Refinery to N1,450 per litre, underscoring the financial strain on domestic airlines.
- Dangote Refinery refutes alleged fuel export-reimport framing as illogical
Dangote Petroleum Refinery has denied allegations that its petroleum products are exported to Lomé, Togo, and then re-imported into Nigeria, calling the claims false and illogical.