What global peers reveal about Dangote Refinery’s N63trn valuation

BusinessDay | 11-09-2026 09:38am |

The Dangote Petroleum Refinery in the Lekki Free Zone is operating at a capacity of 650,000 barrels per day. A valuation of N63 trillion has been placed on the refinery, and comparisons with global peers provide context for this figure. The analysis suggests the refinery has moved beyond being just an industrial ambition.

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