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Tag: Dangote Refinery

featured Investment

Refinery investors could become millionaires in two years — Dangote

President of Dangote Industries Limited, Aliko Dangote, has said investors who buy and hold shares in Dangote Petroleum Refinery and Petrochemicals could potentially become millionaires within one or two years if the company’s share price rises significantly. Dangote made this statement in an interview with Arise TV aired on Tuesday while discussing the refinery’s initial […]

featured Life Style

Dangote’s net worth jumps $19.9bn as refinery IPO opens

Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has seen his net worth surge by $19.9 billion to $51.3 billion following the commencement of the initial public offering of Dangote Refinery. According to Forbes’ Real-Time Billionaires List, Dangote’s fortune rose 63.37 per cent from $31.4 billion on Sunday to $51.3 billion on […]

Business

UBA named approved channel for Dangote Refinery IPO

United Bank for Africa Plc has emerged as one of the authorised financial institutions through which investors can subscribe to the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering. In a statement, the bank said it can provide investors with access to the public offer, which presents Nigerians and eligible international investors with an […]

Business featured

VeryDarkMan threatens to sue MTN over unsolicited Dangote IPO message

Social media personality Martins Vincent Otse, popularly known as VeryDarkMan, has threatened to take telecoms giant MTN Nigeria to court over the alleged unauthorised use of his private telephone number for promotional messages about the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering. In a video circulating widely on social media platforms on Monday and […]

featured Policy and Regulations

SEC warns investors against fraud as Dangote Refinery IPO opens

The Securities and Exchange Commission has cautioned prospective investors against falling victim to fraudulent platforms and unauthorised individuals as the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE opens to the public on Monday, September 14, 2026. The Commission, in a public notice signed by its management on September 14, urged investors to […]

featured Oil and Gas

Petrol price hits ₦1,395/litre as Dangote raises gantry rate

Petrol pump prices rose to N1,395 per litre on Saturday as filling stations across Lagos and Ogun States adjusted their rates in response to the Dangote Petroleum Refinery’s latest pricing review. The refinery had raised its gantry price for petrol to N1,350 per litre, prompting marketers to review their pump prices accordingly. Findings by The […]

Business

Dangote Refinery shares could rise to ₦10,000 — Dangote

President of Dangote Industries Limited, Aliko Dangote, has said shares of the Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future. Dangote also assured small-scale investors seeking to participate in the refinery’s Initial Public Offering that they would be prioritised in the allocation of shares. He spoke in Hausa during […]

Business featured

Full list of channels to buy Dangote Refinery IPO

Nigerians looking to own a slice of Africa’s biggest refinery will from next week be able to subscribe through more than 50 officially approved channels spanning commercial banks, stockbroking firms and fintech platforms, as the much-anticipated public offer of Dangote Petroleum Refinery & Petrochemicals finally opens to retail and institutional investors. The offer, priced at […]

Oil and Gas

Nigeria’s petrol import bill hits ₦952bn despite Dangote Refinery supply

Nigeria spent N952.15 billion on imported Premium Motor Spirit in the second quarter of 2026, despite the country’s growing domestic refining capacity and an escalating dispute between the Dangote Petroleum Refinery and fuel importers over the continued inflow of foreign petrol. The PUNCH reported that an analysis of the National Bureau of Statistics’ Foreign Trade […]

Business

Dangote Refinery IPO to open within 12 days

Dangote Industries Limited President Aliko Dangote has announced that the initial public offering of the Dangote refinery will begin within the next 10 to 12 days. Dangote made the disclosure on Thursday while addressing investors and analysts in Botswana, Reuters reported. The $20bn facility, which is Africa’s largest refinery, is projected to raise approximately $5bn […]

Oil and Gas

Dangote Refinery defends hike as petrol price hits ₦1,400/litre

The Dangote Petroleum Refinery has defended its latest fuel price increases, attributing the upward adjustments to the cost of crude oil purchased earlier and the lengthy process involved in securing, shipping and delivering crude to the refinery. The explanation came as the price of Premium Motor Spirit (petrol) climbed further across the country, with the […]

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