Wednesday, 11 November 2026

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Nigeria’s Dangote oil refinery swings to net profit ahead of IPO

Nigeria's Dangote Petroleum Refinery, which is seeking to raise $1.6 billion in what would be Africa's biggest IPO, swung to a net profit in the first nine months of 2026 as ​revenue more than doubled, according to unaudited results released on Tuesday.

Nigeria’s Dangote oil refinery swings to net profit ahead of IPO

Nigeria's Dangote Petroleum Refinery, which is seeking to raise $1.6 billion in what would be Africa's biggest IPO, swung to a net profit in the first nine months of 2026 as ​revenue more than doubled, according to unaudited results released on Tuesday.

Read the full story on MyJoyOnline

Source: MyJoyOnline

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