Dangote Petroleum Refinery has raised its Premium Motor Spirit gantry price by N85 per to N1,350 per litre, from N1,265, as a surge in global crude oil prices and higher product replacement costs put renewed pressure on Nigeria’s downstream market. The latest adjustment represents a 6.7 percent increase and takes the refinery’s wholesale price above […]
Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintech companies, mobile network operators and investment platforms through which investors can subscribe for its shares when its public offer opens. The company disclosed the approved channels on its official initial public offering (IPO) website, urging prospective investors to use only the listed platforms when subscribing […]
The Dangote Petroleum Refinery is opening its ownership to the Nigerian public through an Initial Public Offering(IPO) involving 4.1 billion shares at N5.25 each, in a landmark move for Nigeria’s capital market and Africa’s industrial development. At the formal commencement of the IPO in Lagos, President of Dangote Group, Aliko Dangote, said the offer will […]