Dangote's IPO drew demand of roughly 3x the offer, per reports. The 700,000 bpd refinery posted $4.73B net profit in 9M 2026, but unusually strong refining margins flatter the numbers and $11.8B capex looms. #Dangote#Nigeria#IPO#Refining
Dangote Petroleum Refinery swung to a $4.73B net profit in the first nine months of 2026 after a $117.2M loss a year earlier; revenue more than doubled to $22.48B as it seeks $1.6B in Africa's largest IPO. #Dangote#Oil#Refining#Nigeria#IPO
Dangote is targeting 10M retail investors in a $1.6B IPO valuing Africa's largest refinery at $47B. Proceeds will help fund a $14B expansion to double processing capacity to 1.4M bpd by 2029. #Dangote#Nigeria#Oil#Refining#IPO
Dangote has launched Africa's largest share sale, offering 4.1B refinery shares in a deal that could raise up to $2.1B. The IPO values the 700,000-bpd Nigerian refinery at roughly $47B. #Nigeria#Oil#Refining#Dangote
