Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments
Investments
Dangote Refinery took centre stage in major business, finance and economic discussions in Nigeria and across Africa from Monday to Wednesday.
DAILY POST, in this report, highlights major talking points about the 700,000-barrel-per-day refinery based in Lekki, Lagos.
First, Dangote Refinery extended the deadline for its much-talked-about N525-per-share Initial Public Offering, IPO by 14 days, following approval from the Securities and Exchange Commission, SEC. The deadline was moved from October 13, 2026, to October 30, 2026.
The refinery explained that the decision was to give investors more time to invest.
Second, Dangote Refinery approached the Court of Appeal to challenge a judgment backing the continued issuance of import licences by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, a development it considers detrimental to the refinery.
An energy coalition has backed Dangote Refinery in its appeal against the issuance of fuel import licences in Nigeria....
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Publication Date: Wed 14th October, 2026