Dangote refinery cuts debt by $570m ahead of  IPO

BusinessDay | 09-09-2026 07:31pm |

Dangote Petroleum Refinery and Petrochemicals FZE has reduced its total secured debt by $570 million during the first half of the year. This debt reduction comes ahead of the company's planned initial public offering (IPO). The move is seen as a step to strengthen the refinery's financial position before going public.

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