Demand for Aliko Dangote’s refinery IPO reportedly reaches three times its $1.6 billion target across 119 countries
The reported order book is approximately three times the $1.6 billion (₦2.15 trillion) that Dangote Petroleum Refinery and Petrochemicals initially sought from investors
Africa welcomes its newest gold refinery as another nation joins Burkina Faso, Ethiopia in refining gold at home
Developed by Minera Refineries Zambia Limited, the facility is designed to refine gold to purity levels of between 99% and 99.99%, according to information released by the company
Dangote Refinery makes a stunning turnaround with $4.7 billion profit after last year’s loss as output hits full capacity
The facility, owned by Africa’s richest man, Aliko Dangote, reported a profit of $4.725 billion, compared with a loss in the same period last year, according to a statement released on Tuesday. Revenue more than doubled to $22.5 billion as the refinery processed up to 700,000 barrels of crude oil per day
Dangote’s proposed $15 billion Kenya refinery enters critical stage as Ruto pushes towards groundbreaking
Ruto said the talks, held on the sidelines of the 81st United Nations General Assembly, focused on financing and final preparations for the project
Dangote’s $16bn Kenya refinery creates 1million-tonne cement opportunity for local rival
Bamburi is pursuing a commercial opportunity to supply more than one million tonnes of cement and concrete products for the planned Dangote East Africa Petroleum Refinery in Lamu
If you can raise $22bn, build your own refinery — Emir Sanusi hits back at critics calling Africa’s richest man a monopolist
Former Central Bank Governor and Emir of Kano Muhammad Sanusi II has rejected claims that the Dangote Refinery is seeking to establish a monopoly in Nigeria’s petroleum market, arguing that the market remains open to anyone willing to make the investment required to compete
Dangote refinery: Share-buying frenzy makes oil barons out of Nigerians
At least that is what the social media memes would have you believe as investor fever hits the country
Investor stampede for Dangote Refinery shares crashed another of Nigeria’s most popular investment apps as Africa’s biggest IPO takes off
As retail subscription opened on the Nigerian Stock Exchange for the Dangote Petroleum Refinery and Petrochemicals FZE offering, an unprecedented stampede of retail buyers overwhelmed digital trading systems
Nigerian oil refinery launches possible largest IPO in Africa
LAGOS — Nigerian billionaire Aliko Dangote on Monday launched what is slated as Africa’s biggest initial public offering (IPO), which aims to raise US$1.6 billion to expand his mega oil refinery to become the world’s largest
Dangote refinery: Nigerians buying into Africa’s biggest share sale
Nigerian billionaire Aliko Dangote has launched Africa’s largest ever share sale, offering a stake in his oil refinery to the general public in a deal that could raise as much as $2.1bn (£1.6bn)