By Udeme Akpan The Dangote Petroleum Refinery and Petrochemicals posted a profit after tax of about N2.55 trillion ($1.82 billion) in the first half of 2026, marking a sharp turnaround in the financial performance of the 700,000 barrels-per-day facility. The results, contained in the prospectus for the refinery’s planned Initial Public Offering, IPO, showed revenue […]

The public offering will be one of Africa’s most ambitious industrial projects

Aliko Dangote, Africa’s richest man and owner of the 700,000 barrel-per-day (bpd) plant, led the sign-off ceremony in Lagos on Monday.

• Plans $14bn expansion to double capacity to 1.4m bpd by 2029