News #Dangote Refinery

Dangote Petroleum Refinery is planning to price shares in its upcoming initial public offering (IPO) at N525 per share, potentially raising about $1.5 billion as the company prepares for what could become Africa’s largest public offering.

Nigeria's Dangote refinery is driving a 7x rise in Nigeria's petroleum product exports. Intra-Nigerian shipments jumped to 211,000 bpd in Q2 2026 vs 81,000 bpd in 2025, and exports to Europe hit 130,000 bpd.

The Dangote Group has "strong intent" to list its petroleum refinery in South Africa after its Nigeria IPO — the JSE confirmed it engaged with Dangote this week.

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.