Calendar icon
Wednesday 22 October, 2025
Weather icon
á Dakar
Close icon
Se connecter

Nigeria: Dangote makes major decision regarding its mega-oil refinery

Auteur: Bernardin Patinvoh

image

Nigeria : Dangote prend une importante décision concernant sa méga-raffinerie de pétrole

He needs no introduction. Aliko Dangote is undoubtedly the richest man in Africa and the richest black person in the world. He has built a veritable economic empire in Nigeria and throughout Africa, which includes various branches such as Dangote Cement, Dangote, Dangote Sugar Refinery and Dangote Petroleum Refinery. In a recent interview with S& P Global , the Nigerian billionaire announced that he will sell between 5 and 10% of the shares of his mega-oil refinery on the Nigerian Stock Exchange (NGX) in 2026.

Seeking Middle Eastern Investors

"We do not want to keep more than 65 to 70% (of our stake)," said the industrialist, adding that the refinery's shares would be offered gradually, depending on investor demand and market conditions.

The Kano native also revealed that his group is exploring strategic partnerships with Middle Eastern investors to finance the refinery's expansion and support a new petrochemical project in China.

Increase production to 1.4 million b/d in the long term

As a reminder, the Dangote mega-refinery has been operational since last year. It plans to increase its capacity from 650,000 barrels per day (b/d) to 700,000 b/d by December 2025. The long-term objective is to increase production to 1.4 million b/d. This would make this refinery the largest in the world in terms of production capacity.

Auteur: Bernardin Patinvoh
Publié le: Mercredi 22 Octobre 2025

Commentaires (5)

  • image
    L'enseignant en vacances il y a 7 heures

    Tres bonne Initiative. Genre Je préfère avoir 1% sur 100milliard. Que 100% sur 100millions.

  • image
    Africa il y a 6 heures

    Vivement que l'Afrique commence à prendre son destin en main. Des responsables avec des visions claires et patriotiques, accompagnées par le Jub Jubbal Jubbanti.

  • image
    LE PRINCE il y a 6 heures

    Ques ce que ton slogan vient faire ici. Pardon epargne le Monsieur travailleur

  • image
    Doudou il y a 6 heures

    C'est bien bien d'être le plus riche d'Afrique mais quand je vois le problème au Nigeria je dis la richesse n'arrange pas tout.

  • image
    Abdou il y a 5 heures

    Quel est le problème au Nigeria?

  • image
    Question il y a 55 minutes

    Ou il prend son argent ?

Participer à la Discussion