Dangote profits from Europe fuel crunch as IPO tests investor appetite
Dangote reaps as Middle East supply shakes Nigeria’s Dangote oil refinery has emerged as a key supplier of fuel to Europe following disruptions to Middle East exports, highlighting its growing influence on global fuel markets and generating record profits ahead of its stock market debut. Ramping up fuel exports this year during the crisis has enabled the Lagos-based refinery to deliver a net profit of $1.82 billion in the first half of 2026 on revenue of more than $13 billion,…
In First Hour, Dangote Refinery’s $1.6B IPO Surges
Dangote is offering 4.1 billion shares at N525 each, targeting about $1.6 billion IPO More than $7 million (N10 billion) was committed by thousands of investors within the first hour of Dangote Petroleum Refinery’s initial public offering. This momentum signals strong early interest and aligns with expectations for the $1.6 billion IPO, which could become Africa’s largest-ever share sale. The Nigerian energy company opened the offer on Monday, September 14, seeking to raise about $1.6 billion (N2.15 trillion) through the…
FULL LIST: Dangote Refinery approves 32 channels to buy shares
Dangote Refinery has released 32 institutions for it’s IPO Dangote Refinery and Petrochemicals FZE has approved 32 banks, fintech companies, mobile network operators and investment platforms through which investors can subscribe for its shares when its public offer opens.The company disclosed the approved channels on its official initial public offering (IPO) website, urging prospective investors to use only the listed platforms when subscribing for shares.According to the company, the approved subscription channels include 19 banks, 10 fintech firms, two mobile…
Dangote Refinery IPO: 10 steps to buy shares for N5,250
Dangote Refinery IPO represents an opportunity to partner with Africa’s richest man The proposed Dangote Refinery IPO will allow investors to acquire shares in one of Africa’s biggest industrial projects, with the offer price set at N525 per share and the minimum subscription at 10 shares, costing N5,250. The offer is expected to open on September 14, 2026, giving investors an opportunity to participate in the ownership of the 700,000-barrels-per-day refinery. Here are the 10 key steps prospective investors need…
Dangote Refinery IPO: 10 things Nigerian investors must know before buying
SEC’s approval clears the way for Dangote refinery IPO Issue The Securities and Exchange Commission, SEC’s approval clears the way for a potential ₦2.15 trillion Initial Public Offering, IPO, giving public investors an opportunity to own a stake in one of Africa’s largest industrial assets. The proposed IPO of Dangote Petroleum Refinery and Petrochemicals FZE is shaping up to be a landmark transaction for Nigeria’s capital market. The SEC approved the commencement of the offering, clearing the refinery’s draft offer…
Dangote refinery says the IPO to open within days
Dangote refinery IPO launches in days The initial public offering of Nigeria’s Dangote refinery, the largest on the continent, will open in the next 10 to 12 days, owner Aliko Dangote said on Thursday. “So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” Dangote told investors and analysts in Botswana,…
Russia warns UK it could be a target in response to Kyiv firing British missiles
Russia warns UK of imminent attack The warning, delivered by Russian Foreign Ministry spokesperson Maria Zakharova at a news briefing in Moscow, is the strongest direct one to date from Russia to Britain. Moscow has warned that it could strike British military targets inside and outside Ukraine if Kyiv continues to fire long-range UK-made cruise missiles into Russia. The warning, delivered by Russian Foreign Ministry spokeswoman Maria Zakharova at a news briefing in Moscow on Thursday, is the strongest direct…
Donald Trump announces fresh ‘economic warfare’ on Iran
US not done with economic warfare on Iran, yet Tehran is not conceding Donald Trump has said the US is mounting a fresh campaign of “economic warfare” against Iran, while warning that there would be “tremendous” consequences for any country that trades with the Islamic republic. “I am announcing the MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY!” the US president said in a post on his Truth Social platform late on Wednesday. “This will be an ECONOMIC D-DAY,…