Wire · technology
Nigeria's Dangote refinery plans $14 billion expansion as it signs IPO documents
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Fusion42 · 9 September 2026 · Fusion42 review
Nigeria's Dangote refinery plans a $14.3 billion expansion to double its capacity to 1.4 million barrels per day by 2029, coinciding with an IPO aiming to raise $1.63 billion. The refinery, part of Aliko Dangote's business empire, became profitable in early 2026 and has benefited from global supply disruptions, attracting investment interest from UAE's ADNOC.
This Wire brief sits within Fusion42's coverage of Climate Tech, and 3 sources have reported it between 4 Sep 2026 and 9 Sep 2026.
◆ ◆ The Wire takeaway
You face a widening energy market in Nigeria as Dangote's refinery expansion opens room for suppliers in fuel technology and services. ADNOC’s interest points to new foreign capital inflows that could reshape local energy partnerships.
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3 sources · first reported 4 Sep 2026 · latest 9 Sep 2026
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