Dangote Refinery

The visit was confirmed by Dangote Group, which said its President, Aliko Dangote, would host the Kenyan leader at the Lagos refinery.

Dangote supplied approximately 35.87 million litres daily in August, accounting for 71% of petrol receipts, according to NMDPRA figures reported by Punch on September 24. These are supply figures, rather than motorists’ purchases.

Dangote Group’s planned Kenyan refinery has taken a step towards development with an engineering and project management contract worth more than $450 million, extending a partnership behind its Nigerian refining business.

Dangote Petroleum Refinery and several petroleum marketers have reduced petrol prices at major depots following a decline in international crude oil prices.

In an announcement published on September 22, the bank said it was facilitating participation by individual and institutional investors through its digital platforms and branches. Its network covers 33 African countries.

Dangote Petroleum Refinery and Petrochemicals FZE plans to pursue a listing on the New York Stock Exchange after completing the expansion of its Lagos refinery to 1.4 million barrels per day by the first quarter of 2029.

FCMB Group is backing the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE as the refinery seeks to broaden its ownership base and attract retail, institutional and high-net-worth investors.

Dangote spoke on Monday at the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals FZE at the Nigerian Exchange in Lagos.

Dangote refinery is already changing Nigeria’s petroleum trade flows. According to the US Energy Information Administration, Nigeria’s seaborne petroleum-product shipments averaged 561,000 barrels per day in the second quarter of 2026, up from 79,000 bpd in 2023.

United Bank for Africa (UBA) Plc has been named one of the authorised financial institutions through which eligible investors can subscribe to Dangote Petroleum Refinery and Petrochemicals FZE’s Initial Public Offering (IPO).