How Nigerian businessman Chris Iyovwaye went from nurse to building a $20 million oil logistics firm
Chris Iyovwaye went from auxiliary nurse to founder of Wellmann Group, an oil services firm reporting over $20 million in yearly turnover.
Dangote Refinery
Nigerian billionaire Aliko Dangote partners with Honeywell on $16 billion Kenya refinery
Aliko Dangote has picked Honeywell for a $300 million role in his $16 billion Kenya refinery, reusing Lekki designs to save nearly two years.
Africa's richest man targets 10 million investors for his refinery IPO
Aliko Dangote is targeting 10 million retail investors for his refinery's $1.6 billion IPO, nearly four times the 2.7 million Nigerians who currently trade shares.
Dangote refinery runs above full capacity for the first time
Dangote's refinery ran at 105% of capacity in August, supplying 71% of Nigeria's petrol and cutting diesel imports by more than 80%.
Aliko Dangote's refinery lifts Nigeria's petrol exports sixfold to $750 million
Nigeria earned $750 million from petrol exports in the first half of 2026, a sixfold rise that analysts credit to Dangote's refinery and the Iran war.
Nigerian billionaire Aliko Dangote's group says it owns the world's biggest construction fleet
Dangote Industries has bought 4,000 more construction machines, taking its fleet to 6,500, as work begins to double the Lekki refinery to 1.4 million barrels a day.
Aliko Dangote's refinery IPO could add $60 billion to Nigeria's stock market
Nigeria's trade minister says Aliko Dangote's refinery IPO could add $60 billion to the Nigerian Exchange, though analysts value the plant closer to $49 billion.
Billionaire Aliko Dangote says he did not need the $1.5 billion he is raising
Dangote's refinery raised its private placement at two and a half times cover and handed back about $1.2 billion. The IPO that opened in Lagos on Monday is not about the money, Aliko Dangote said, but about who gets to own the asset.
Dangote refinery secures 16 million barrels for October
Dangote refinery has secured at least 16 million barrels of Nigerian crude for October, roughly 520,000 barrels a day. Feedstock supply is the question facing investors when the $1.55 billion offer opens on Monday.
Billionaire Aliko Dangote wins court order keeping Nigeria's oil regulator out of his refinery
A Lagos court has extended an order barring Nigeria's petroleum regulator from Dangote's refinery, four days before its share offer opens.
Aliko Dangote's refinery made $1.82 billion net profit in H1
Dangote Petroleum Refinery reported $1.82 billion of net income and $2.60 billion of EBITDA in the first half of 2026, ahead of its IPO.
Aliko Dangote and investment banks sign Africa's biggest IPO, minimum subscription set at $3.97
Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each.
Nigeria's oil refining just grew 43.94% and Aliko Dangote is the only reason
Nigeria's oil refining grew 43.94% in the second quarter, its strongest on record, as Dangote took 52.6 million barrels of crude.
Africa's richest man says fuel import licences are squeezing his Nigerian refinery
Dangote Refinery says imported petrol took 43% of Nigeria's market in July and that licences are still being issued despite ample local capacity.
Aliko Dangote's refinery turned Nigeria from a fuel importer into an exporter to Europe
The US Energy Information Administration says Nigeria's seaborne petroleum product exports have grown seven-fold since 2023, driven entirely by output from Aliko Dangote's Lagos refinery.
President Paul Kagame says Rwanda wants a stake in Dangote's $16 billion Kenyan refinery
Rwanda's President Paul Kagame has confirmed his country is in early talks about taking a stake in Aliko Dangote's planned $16 billion Lamu oil refinery, saying Rwanda would be "very happy" to participate.