Dangote refinery

The Dangote Refinery has extended its initial public offering to October 27, 2026, citing significant investor demand. The move comes as global crude prices rise and supply tightens amid Middle East tensions, including disruption linked to the closure of the Strait of Hormuz. Observers are watching how the geopolitical turbulence shapes appetite for the Nigerian refinery's shares.

Nigeria's Dangote Refinery is constrained in the crude oil it can obtain because existing contracts and royalty arrangements tie much of the country's output to other buyers. The report highlights a structural hurdle for Africa's largest refinery, which depends on a steady local crude supply to run at full capacity.