Dangote Refinery – City Business News

October 26, 2026 No Responses

Dangote Refinery IPO Attracts More Investors As Offer Closes October 27

By ebosele@hotmail.com Dangote Petroleum Refinery and Petrochemicals has reported a surge in investor subscriptions as its landmark Initial Public Offering (IPO) enters its final days, with retail and institutional investors racing to participate ahead of the October 27, 2026 closing...

October 14, 2026 No Responses

Q3: Dangote Refinery Explains $22.5b Revenue

Dangote Petroleum Refinery and Petrochemicals has declared $22.5 billion in revenue and $4.7 billion in net profit for the nine months ended September 30, 2026, compared with a loss of $117.2 million in the corresponding period of 2025, as the...

September 8, 2026 No Responses

Dangote Refinery Unveils N2.2 trillion IPO, Targets 10m Shareholders

Dangote Petroleum Refinery and Petrochemicals has unveiled a N2.15 trillion Initial Public Offer (IPO), offering Nigerians and other Africans an opportunity to acquire shares in its 700,000-barrel-per-day refinery.The offer, launched on Monday, comprises 4.1 b...

September 5, 2026 No Responses

Dangote Refinery Secures SEC Approval For ₦4.1b IPO

By ebosele@hotmail.com – The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for what could become one of the largest capital...

August 24, 2026 No Responses

Dangote Refinery Expands Free Fuel Delivery To Four States

By ebosele@hotmail.com – Dangote Petroleum Refinery & Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa States, in a move expected to reduce distribution costs for independent petroleum mark...

July 24, 2026 No Responses

Dangote Refinery completes $2.5b Private Equity Placement

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has successfully completed a landmark Private Equity Placement that raised approximately $2.5 billion in new equity, following a highly successful offering.City Business News reports that the transaction...

June 5, 2026 No Responses

Dangote Refinery Ramps Up To 700,000 Barrels Per Day

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 expan...

May 25, 2026 No Responses

S&P Upgrades Nigeria, Cites Dangote Refinery

Nigeria’s economic outlook has received a major boost as global ratings agency, S&P Global Ratings, upgraded the country’s long-term foreign and local currency sovereign credit ratings to “B” from “B-”, citing stronger economic growth, improved...

November 26, 2025 No Responses

Photo News

L-R: Vice President, Oil and Gas, Dangote Industries Limited, Devakumar Edwin; President/CE, Dangote Industries Limited, Aliko Dangote; President, Honeywell UOP, Rajeswar Gattupalli, and Vice President & General Manager, Honeywell UOP, Dr. Ranjit Kulkarni,...

November 25, 2025 No Responses

Dangote Refinery, Honeywell Seal Strategic Partnership

By ebosele@hotmail.com The Dangote Group has announced a major strategic partnership with Honeywell International Inc. to drive the next phase of expansion of the Dangote Petroleum Refinery, marking a significant advancement in the company’s mission to build...

November 17, 2025 No Responses

Dangote Refinery Debunks Tariff-Linked Price Cut Claims

Dangote Petroleum Refinery has refuted reports suggesting that the recent reduction in pump prices by oil marketers was driven by the Federal Government’s suspension of the 15 per cent import tariff.In a statement, the company described the narrative as “e...

October 5, 2025 No Responses

Dangote Refinery Lauds Tinubu, Security Chiefs, Ministers For Averting PENGASSAN Disruption

Dangote Petroleum Refinery has expressed appreciation to President Bola Ahmed Tinubu for his timely intervention in averting what it described as “the disruptive actions of PENGASSAN” against the company.The company in a statement on Sunday said the Presid...

October 1, 2025 No Responses

Dangote, PENGASSAN Reach Truce

THE Federal Government on Tuesday brokered a truce between the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the management of Dangote Petroleum Refinery.This is contained in a communiqué issued and signed by the Minister of La...

June 16, 2025 No Responses

Dangote Deploys 4,000 CNG Tankers For PMS, Diesel Distribution

With effect from August 15, 2025, Dangote Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation, and other large users across the country, with free logistics to boos...