Nigeria’s Dangote refinery has gone from losing money to posting a $4. 73 billion profit in less than a year, just as it asks investors for $1. 6 billion in what would be Africa’s largest IPO. Dangote Petroleum Refinery reported net profit of $4. 73 billion for the first nine months of 2026, reversing a $117. 2 million loss during the same period last year. Revenue more than doubled to $22. 48 billion from $9. 19 billion.
POLARIS INSIGHTS