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Renaissance Capital Raises Dangote Refinery Valuation by 33.4% to ₦700 per Share

Renaissance Capital Raises Dangote Refinery Valuation by 33.4% to ₦700 per Share

Renaissance Capital Africa has raised its valuation of Dangote Petroleum Refinery and Petrochemicals FZE by 33.4 per cent to ₦700.41 per share from its initial public offering (IPO) price of ₦525 per share. In a statement issued on Sunday, the investment bank said the upward revision reflects the re...

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Verified on Oct 19, 2026

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