September 08, 2026 [Stockmarket.et]- Dangote Refinery plans to invest $14.3 billion to double capacity from 700,000 bpd to 1.4 million bpd by 2029. The expansion is outlined ahead of its IPO, scheduled for September 14–October 13, 2026, targeting 2.15 trillion naira ($1.63 billion). The Lagos refinery, operational since 2024, posted $1.82 billion in after-tax profit in H1 2026, compared with a $476 million loss in 2025. ADNOC is reportedly interested in investing.

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