News #Dangote Refinery

The Nigerian equities market delivered a strong performance in July 2026, adding approximately N11.11 trillion to investors’ wealth as sustained buying interest in banking and other fundamentally strong stocks outweighed intermittent profit-taking

An email from FirstCap CEO Ukandu, as seen on Bloomberg, showed that Dangote designated Stanbic IBTC Capital Ltd., Vetiva Advisory Services Ltd., and FirstCap Ltd. to provide advice on the IPO for Dangote Petroleum Refinery and Petrochemicals FZE.

Nigerian billionaire Aliko Dangote’s refinery is being flooded with inquiries as African governments scramble to secure fuel supplies after the Iran war disrupted flows.