Dangote Unleashes $14.3bn Refinery Expansion As Africa’s Biggest IPO Looms

Wait 5 sec.

By Spy Uganda Nigeria’s Dangote Oil Refinery is planning a massive $14.3 billion expansion that will double its processing capacity to 1.4 million barrels per day, as the company moves ahead with plans for what is expected to become Africa’s largest-ever initial public offering. The expansion, which is expected to be completed by 2029, will…