African News

Dangote Defends Refinery’s $46 Billion Valuation Ahead of IPO

President of Dangote Industries, Aliko Dangote, has defended the roughly $46 billion valuation of the Dangote Petroleum Refinery ahead of its public offering. Dangote says the refinery’s earnings projections are based on normal market conditions and do not depend on exceptional refining margins resulting from the ongoing conflict in the Middle East. Speaking ahead of […]