
Dangote Refinery’s ₦2.15trn IPO hits a milestone
Nigeria’s SEC has approved Dangote Petroleum Refinery’s public share sale, putting the order book for 4.1 billion shares on course to open within days.
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Nigeria’s SEC has approved Dangote Petroleum Refinery’s public share sale, putting the order book for 4.1 billion shares on course to open within days.

Dangote’s 650,000-barrel-per-day refinery is about to test Africa’s capital markets with a $5 billion public offering that could reshape the continent’s investment landscape.

Dangote Refinery pushed Nigeria’s oil refining growth to its highest print under the rebased GDP series, fresh NBS data confirms.

Moove pulled off the largest single funding round by an African startup in 2026, and it is betting everything on robotaxis.

Aradel Holdings snapped a brutal two-day losing streak on August 21, but the broader Nigerian equities market kept sliding for a ninth straight session.

Dangote is carving out a $1.5 billion slice of his planned Kenyan mega refinery for regional governments eager to buy in.

Dangote Petroleum Refinery hiked its wholesale petrol price for the first time in weeks. Rival depots across Lagos are still charging more per liter despite the ₦20 increase.

Sterling Financial Holdings drew over 185,000 shares on August 19 without budging from ₦7.75, while the Nigerian Exchange shed ₦556 billion in its seventh straight session of losses.

Oyedele’s reform scorecard shows the Federal Government kept only ₦5.43tn of the ₦15.8tn in subsidy savings while spending pressures ballooned to ₦30.64tn

Africa’s largest lender is in discussions to buy into OPay before the Nigerian fintech lists its shares in New York later this year.

First HoldCo shares dropped to their lowest level in two weeks while GTCO, Zenith, and UBA barely moved, as the NGX shed ₦544 billion in a single session.

Airtel Africa expanded its Barclays buyback agreement just three months into a program that has already consumed over 18 million shares, and the company is not slowing down.