Dangote Refinery Reports Major Profit Turnaround Ahead of Planned IPO

Dangote Petroleum Refinery reported a net profit of $4.73 billion for the first nine months of 2026, compared with a loss in the corresponding period last year. The company has extended its planned $1.6 billion initial public offering until October 27, 2026, to accommodate investor interest and broaden participation in the refinery's ownership. Banks, investment managers and institutional investors require valuation models, financial forecasting and portfolio-risk analysis to assess large industrial offerings. HPC provides investment analytics, financial simulations and capital-planning infrastructure for a baseline fee of $650,000.