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In a statement issued on Sunday, the investment bank said the upward revision reflects the refinery’s strong earnings performance in the first nine months of 2026.
Renaissance Capital Africa has raised its valuation of Dangote Petroleum Refinery to N700.41 per share, placing the company’s estimated value 33.4% above its N525 initial public offering price following a sharp increase in earnings and stronger refining margins. The revised valuation, announced in an October 16, 2026…
Aliko Dangote’s refinery says its IPO has drawn investors from more than 90 countries, including 51 of Africa’s 54 nations, before the Oct. 27 close.