The planned Initial Public Offering (IPO) of the Dangote Group is being described as more than just a major share sale, with the company saying it could showcase Africa’s ability to build and manage large-scale industrial projects.
Nigeria’s Dangote Refinery, the largest on the continent, is expected in October to seek to raise around $5 billion in Africa’s biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war.For potential investors, the question is whether Dangote, majority-owned by Africa’s richest man, Aliko Dangote, can avoid squeezing its profits […]
Dangote Group has offered East African countries a 30% equity stake in its planned Lamu refinery, reports Bloomberg. The refinery will be located on Lamu Island, off the coast of Kenya.
Despite the fact that Nigeria is now home to the biggest oil refinery in Africa, Nigeria’s gasoline prices have soared to a record high amid the war in the Middle East.
Nigeria’s richest man Aliko Dangote escalated his fight with regulators on Sunday, accusing them of enabling cheap fuel imports that threaten local refineries.
Nigeria is Africa’s biggest oil producer, but relies heavily on imports, and Dangote’s refinery was meant to change that.
Nigeria’s Dangote has selected Honeywell UOP to provide technical services and support for a planned capacity expansion at the Dangote Refinery in the Lekki Free Zone in Nigeria, Reuters reported on Tuesday.
The Chairman of the Dangote Group, Aliko Dangote has announced that Nigeria will no longer need to import gasoline by June thanks to the Dangote Refinery.
President Muhammadu Buhari will on Monday commission the 650,000 BPD Dangote Petroleum Refinery and Petrochemicals.
Africa’s richest man Aliko Dangote’s Dangote Industries Limited has announced that Nigeria’s President Muhammadu Buhari will officially
unveil its $19-billion petrochemical complex, the Dangote Oil Refinery, before the end of his term in May 2023.