Dangote Refinery Posts 4.73B Dollar Net Profit
Nigerias Dangote refinery swung to a net profit of 4.73 billion dollars in the first nine months of 2026. Higher crude processing and refining margins boosted revenue to 22.48 billion dollars. The firm extended its IPO application period by two weeks.
Nigeria's Dangote Petroleum Refinery swung to a net profit of $4.73 billion in the first nine months of 2026 as revenue more than doubled to $22.48 billion. The turnaround comes as the refinery prepares to raise $1.6 billion in what would be Africa's largest IPO. The facility has benefited from rising demand for its products after supply disruptions linked to the war in Iran boosted jet fuel sales into Western Europe.
