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A ten percent stake in Africa’s largest single‑train refinery will be offered to public investors through a Pan‑African Initial Public Offering scheduled for 2026, Alhaji Aliko Dangote has confirmed. The share sale, which analysts estimate could raise approximately two billion dollars based on the facility’s twenty billion dollar valuation, marks the first time equity…
The Independent Petroleum Marketers Association of Nigeria has revealed plans to venture into refinery ownership, subject to regulatory approval, as part of efforts to deepen domestic refining and reduce Nigeria’s reliance on imported petroleum products. The association also directed its members nationwide to prioritize the purchase of Premium Motor Spirit from the Dangote Petroleum…
