Nigeria’s Dangote Refinery Launches Africa’s Largest-Ever IPO to Fund Expansion

Dangote Petroleum Refinery and Petrochemicals announced it has launched an initial public offering (IPO) for listing on the Nigerian Exchange (NGX). Proceeds are reported to be used to double the refinery’s current capacity of 700,000 barrels per day to 1.4 million barrels per day by 2029. The offering is described as Africa’s largest-ever IPO, according […]

Nigeria’s NNPC Completes OB3 Gas Pipeline, AKK Pipeline Reaches 95% Progress

Nigeria’s national oil company NNPC has announced 100% completion of construction on the Obiafu-Obrikom-Oben (OB3) gas pipeline, readying it for first gas supply, it is reported. The parallel Ajaokuta-Kaduna-Kano (AKK) gas pipeline has reportedly reached 95% progress. The OB3 pipeline spans 130km with an investment of approximately $700 million, and is reported to have a […]