Nigeria: Refinery'll Become World's Largest By 2028
The refinery’s proposed share sale would be open to all investors as the company says expansion work could make it the world’s largest by 2028.
- On Monday, Aliko Dangote, Chairman of Dangote Group, announced the Dangote Petroleum Refinery will become the world's largest refinery by 2028 following a planned expansion of the 700,000-barrel-per-day facility.
- Reflecting on the project's origins, Dangote noted the journey started more than 10 years ago with bank support, as lenders demonstrated confidence in the facility before seeing the refinery site or license.
- Chief Executive Officer David Bird said the refinery currently ranks among the six largest globally, serving Nigeria and West African markets while helping offset supply disruptions from Middle East and Ukraine conflicts.
- Dangote confirmed the proposed IPO will be open to all investors without segregation, stating, "There is no segregation on who can own the shares," and calling it a significant milestone for Africa.
- Expanding beyond Nigeria, the group plans further investments in Ethiopia, Kenya, Tanzania, and Namibia to support its Vision 2030 agenda focused on accelerating Africa's industrialization and strengthening energy security.
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Dangote Refinery to become world's largest by 2028
Aliko Dangote, President of Dangote Group, says the Dangote Petroleum Refinery and Petrochemicals will become the world’s largest refinery by 2028. Dangote made the statement on Monday during the preliminary signing ceremony for the proposed initial public offering (IPO) of the refinery. “Today marks a significant milestone for us as not just a company, but […] Dangote Refinery to become world’s largest by 2028
Dangote Refinery's N2.2trn IPO Countdown Begins
The Dangote Petroleum Refinery and Petrochemicals (DPRP) has announced plans for a landmark Initial Public Offering (IPO)valued at approximately ₦2.15 trillion (US$1.6 billion). The offer aims to attract up to 10 million Nigerian investors through a secure, technology-driven subscription process integrated with the nation’s Bank Verification Number (BVN)system. Scheduled to open on September 14, 2026, […] The post Dangote Refinery’s N2.2trn IPO …
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