Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has announced the extension of the application period for its Initial Public Offering (IPO) by two weeks. This, according to the company, followed approval from the Securities and Exchange Commission (SEC), amid what it said has become one of the most significant capital market offerings...
•Dangote Refinery The federal government says Nigeria’s crude oil production capacity is inadequate to supply the Dangote Refinery and meet local refining needs. Nigeria’s Minister of Finance, Taiwo Oyedele, made the comment yesterday following calls for a “production subsidy” to the Dangote Refinery to meet local demand for refined products. ...
•Kenya President William Ruto (2nd-R) and President of the Dangote Group, Aliko Dangote (2nd-L) at Dangote Refinery, yesterday President of Kenya, William Ruto, has described the Dangote Petroleum Refinery and Petrochemicals FZE as a huge achievement that shows what African governments, investors and financial institutions can do together. R...
•Sanusi and Dangote refinery Emir of Kano, Muhammadu Sanusi II, has urged Nigerians to act responsibly when considering taking part in initial public offerings. He cautioned against selling one’s residential apartment or using their children’s school fees to buy shares, reports Channels TV. Sanusi spoke at the Dangote Petroleum Refinery and Pe...
•Dangote Refinery loading bay The Dangote Petroleum Refinery and Petrochemicals FZE has opened its initial public offering (IPO), giving investors an opportunity to acquire shares in Nigeria’s largest refinery. The ₦2.15 trillion ($1.6 billion) offer, which opened on Monday, September 14, 2026, involves the sale of 4.1 billion ordinary shares ...
•Dangote refinery The Dangote Petroleum Refinery and Petrochemicals FZE will, on September 14, 2026, opened its initial public offering (IPO) for sale. The landmark ₦2.15 trillion ($1.6 billion) deal marks the launch of Nigeria’s largest-ever public share sale, with 4.1 billion ordinary shares priced at ₦525 each, reports Channels TV. The Pres...
•Dangote All is set for the signing ceremony of the Dangote Petroleum and Petrochemicals FZE Initial Public Offering in Lagos. The event will be held at Eko Hotel and Suites, Victoria Island, reports Channels TV. At the ceremony, the private refinery will offer 4.1 billion ordinary shares of $0.000013 each for subscription at ₦525.00 per [&hel...
Petrol prices have increased across Abuja, with independent petroleum marketers attributing the latest adjustment to repeated increases in the gantry price of Premium Motor Spirit (PMS) by the Dangote Refinery. The Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chief Chinedu Ukadike, said market...
•Dangote Refinery loading bay Dangote Petroleum Refinery & Petrochemicals has expanded its free petroleum product delivery initiative to Kano, Imo, Anambra and Nasarawa states, bringing the number of states covered by the programme to 14 and raising expectations of lower distribution costs and more competitive petrol prices across the coun...
•Dangote and IPMAN logo The Independent Petroleum Marketers Association of Nigeria (IPMAN) says its members have temporarily suspended the loading of Premium Motor Spirit (PMS), also known as petrol, from the Dangote Refinery following the refinery’s halt in petrol loading operations. The development was disclosed by the Western Zone Chairman ...
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