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
"Ecommerce in Nigeria Poised for Growth" | #Nigeria is the 6th-largest country by population. #Ecommerce is small but growing quickly. Nigeria-based @Wisdom_Dabit looks at its sales, channels, payments, products, tariffs, more. https://t.co/qUQG0KIsB0 @JumiaNigeria https://t.co/6fS7C5FgUg
Indian refiners are reaching beyond the Middle East for crude. State-owned HPCL has purchased 2 million barrels of Nigerian oil as supply disruptions through the Strait of Hormuz force India to diversify imports with barrels from Africa and beyond. #India#Oil#Nigeria#Energy
Africa's largest refinery is now pricing fuel in U.S. dollars after Nigeria failed to supply enough domestic crude. Dangote still needs to import oil despite Nigeria exporting over 1 million bpd, exposing a major weakness in the country's energy strategy. #Nigeria#Oil#Refining
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