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.

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