Dangote Refinery posts $4.7 billion profit ahead of extended IPO deadline

Dangote Petroleum Refinery and Petrochemicals announced a dramatic corporate turnaround today, reporting a net profit of $4.73 billion for the first nine months of 2026. The blowout earnings report comes as Nigeria’s Securities and Exchange Commission (SEC) approved a 14-day extension for the refinery’s landmark initial public offering (IPO), pushing the final subscription deadline from October 13 to October 27, 2026. The dual announcements have injected fresh momentum into what is already set t