KEY POINTS Africa’s richest man, Aliko Dangote, is targeting a valuation of up to $50 billion for his refinery business ahead of a planned initial public offering (IPO) expected later …
Aliko Dangote
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Aliko Dangote has held talks with the CEO of Norway’s $1.9 trillion sovereign wealth fund over a potential partnership targeting African energy and agriculture.
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In the NewsOil & Gas
East African Countries Plan Joint Refinery as Dangote Offers to Build Mega Plant
KEY POINTS East African countries are exploring plans to jointly develop a large oil refinery at the port of Tanga in Tanzania, in a move aimed at reducing dependence on …
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Aliko Dangote has struck a deal with Honeywell to produce plastics and detergent ingredients at his Lekki refinery, cutting Nigeria’s dependence on imports.
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KEY POINTS Nigeria has recorded a major milestone in its energy sector as the Dangote Petroleum Refinery & Petrochemicals pushed the country into becoming a net exporter of petrol for …
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KEY POINTS Africa’s richest industrialist, Aliko Dangote, is set to present a major industrial roadmap as the Dangote Group participates in the 2026 Nasarawa Trade Fair and Exhibition (NASTFE). The …
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Afreximbank has underwritten $2.5 billion of a $4 billion syndicated loan for Dangote Refinery, the largest single commitment in the deal.
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In the NewsOil & Gas
Dangote Refinery Denies IPO Listing Reports, Urges Public to Ignore Speculation
KEY POINTS Dangote Petroleum Refinery and Petrochemicals has dismissed reports suggesting it is planning an Initial Public Offering, stating that the information currently circulating in the media and across social …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has reduced its petrol price, lowering the gantry price to N1,200 per litre and the coastal price to N1,153 per litre. The adjustment …
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KEY POINTS Africa’s richest businessman, Aliko Dangote, has signed off on a fleet deal that could reshape heavy duty transport across Nigeria. The president of the Dangote Group has ordered …