The Chairman of the Northern Christian Association (NCA), Rev. Joseph John Hayab, has urged Christians across the country to participate in the ongoing Dangote Petroleum Refinery Initial Public Offering (IPO), saying religious considerations should not prevent Nigerians from investing in legitimate businesses. Hayab made the call at a media...
dangote refinery
Afrobeats superstar, David Adeleke, popularly known as Davido, has joined billionaire businessman Aliko Dangote in promoting the ongoing effort to make Nigerians part owners of the Dangote Petroleum Refinery through its public offering. Davido shared a video on his official X account on Thursday showing a conversation with Dangote,...
The Dangote Petroleum Refinery has sold out its jet fuel supply to European markets for August and September, with the remaining stock reserved for Nigeria. Chairman of Dangote Petroleum and Petrochemical Limited, Aliko Dangote, disclosed this on Monday September 14 during the formal launch of the refinery’s initial public...
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has urged Nigerians at home and in the diaspora to consider in the ongoing Initial Public Offering (IPO) of the Dangote Petroleum Refinery. Obi made the call in a post on X on Wednesday while sharing his views on the refinery’s...
Lagos State Governor Babajide Sanwo-Olu on Monday joined President of the Dangote Group, Aliko Dangote, at the Nigerian Exchange Group (NGX) in Lagos for the official opening of the Dangote Petroleum Refinery Initial Public Offering (IPO). The governor described the event as another milestone for Nigeria’s economy and said...
The price of Premium Motor Spirit (PMS), commonly known as petrol, has risen further in Abuja following an upward adjustment in the wholesale price of the product by Dangote Petroleum Refinery. The refinery increased its gantry price from N1,265 to N1,350 per litre, representing an N85 or 6.7 per...
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has said the planned Initial Public Offering (IPO) of the Dangote Petroleum Refinery is designed to allow ordinary Nigerians to become shareholders in the company. Speaking at the IPO signing ceremony in Lagos on Monday, Dangote said the initiative...
The Securities and Exchange Commission (SEC) has approved the proposed initial public offering (IPO) of Dangote Refinery, clearing the way for what could become Africa’s largest-ever share sale. Dangote Group disclosed on Friday August 4 that the regulator had approved the offer, which is expected to raise about N2.15...
Dangote Petroleum Refinery has secured a $1 billion underwriting programme to support its planned initial public offering (IPO), which could become one of Africa’s largest. The underwriting programme, announced on Tuesday August 18 by financial advisers Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed...
President Bola Ahmed Tinubu, on Thursday in Abuja, said refineries will not be allowed to waste away, given the huge investments made over many years, assuring that in-depth research, restructuring, and leadership will reposition them to deliver value and profit. President Tinubu stated this when he received the National...
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria recorded a 97.4 per cent compliance rate with the Domestic Crude Supply Obligation (DCSO) during the second quarter of 2026, with a total of 53.7 million barrels of crude oil and condensate supplied to local refineries. The commission disclosed...
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully completed a landmark Private Equity Placement that raised approximately US$2.5 billion in new equity, following a highly successful offering. The transaction, which is believed to be Africa’s largest publicly disclosed primary equity private placement, marks a significant milestone in the...
Securities and Exchange Commission (SEC) has warned investors against a purported Initial Public Offering by Dangote Petroleum Refinery & Petrochemicals FZE, stating that no application for such an offer has been filed with or approved by the capital market regulator. In a public notice issued on Tuesday, the Commission...
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd) in a performance test conducted by the Process Licensors, marking a significant milestone in the facility’s operational expansion and further cementing its position as World’s Largest Single Train Petroleum Refinery. The...
First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, on Wednesday, 20 May, 2026 hosted Chairman of First HoldCo Group, Olufemi Otedola, alongside senior executives, at the Dangote Petroleum Refinery & Petrochemicals. More than a visit, the engagement reflects the growing alignment between Africa’s industrial and financial leadership around a...
Dangote Petroleum Refinery has announced a reduction in the price of aviation fuel, popularly known as Jet A1, from ₦1,750 to ₦1,650 per litre in a move aimed at easing financial pressure on airline operators across Nigeria. The company disclosed this in a statement issued by its media team...
National Pension Commission (NPC) has granted Pension Fund Administrators a one-off waiver to invest contributors’ funds in the planned Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals (FZE). The approval, issued in a circular to Pfas, temporarily removes requirements under Section 6.2.7.1 (iii) of the Revised Regulation on...
President of the Dangote Group, Aliko Dangote, has disclosed that the company rejected attempts by the Nigerian National Petroleum Company Limited to acquire additional shares in the Dangote Petroleum Refinery, insisting that more Nigerians should have the opportunity to own part of the facility through a planned public listing....
Nigerian National Petroleum Company (NNPC) Limited has alerted the public to the circulation of misleading and false information suggesting that the Company is selling scrap materials, equipment, or components from its refineries to individuals and private companies. A statement issued on Friday in Abuja by the Chief Corporate Communications...