Dossier
Lagos refinery
Coverage of Lagos refinery in the Nexus archive.
- Dangote secures record $2.5bn investment to expand Lagos refinery
Billionaire Nigerian businessman Dangote has secured a $2.5 billion investment to expand the Lagos refinery. The project aims to increase the refinery's capacity from approximately 650,000 barrels per day to 1.4 million barrels per day by 2028.
- Dangote Says His Refinery Alone Is Worth $40 Billion
Aliko Dangote claims his Lagos refinery is valued at over $40 billion, contradicting Forbes and Bloomberg. The valuation is being tested by an upcoming pan-African IPO.