<< Back             Poser >> 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. Third, Dangote Refinery declared a massive net profit of N6.30 trillion in its unaudited report. The report showed that the refinery’s revenue rose to N29.94 trillion from N12.24 trillion a year earlier. Earnings before interest, taxes, depreciation and amortisation, EBITDA also climbed to N7.35 trillion from N836 billion. Lastly, Dangote Refinery hosted Kenyan President William Ruto on Tuesday, during which he once again threw his weight behind the refinery. DAILY POST reports that Dangote Refinery held the groundbreaking ceremony for its $16 billion East African oil refinery project in Lamu, Kenya. Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments Daily Post	Bank of Ghana to review cybersecurity compliance of commercial banks The Bank of Ghana (BoG) says it will undertake thematic reviews of banks’ compliance with its revised Cyber and Information Security Directive amid growing concerns about digital fraud, cyber threats and other risks associated with digital financial services. Nigerian government introduces ‘five big fiscal reforms’ to woo investors, engender growth “People say, and we agree with them, that it's difficult to find data about Nigeria, especially from the fiscal side. Something as important as our tax-to-GDP ratio, you can't find it easily.” Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments 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, […] Dangote Refinery: N6.3tn net profit, IPO extension, import licence appeal, other keys developments Zenith Bank deepens commitment to girl-child development, empowers 300 school girls The initiative, a brainchild of the Bank’s Group Managing Director/Chief Executive Officer, Dr Adaora Umeoji, reflects Zenith Bank’s commitment to nurturing the potential of young girls and helping them make informed choices about their futures. Bank of Ghana develops AI rules for financial sector The Bank of Ghana (BoG) is developing a directive to regulate the use of artificial intelligence (AI) in the financial sector, as it seeks to promote innovation while addressing emerging risks. Nigeria woos investors at World Petroleum Congress Nigeria has called on international investors to take advantage of its vast oil and gas resources, ongoing industry reforms and strategic access to the African market to drive long-term investment in its energy sector. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, made the call at the 25th World Petroleum Congress in […]