Aliko Dangote Foundation Share Grant Initiative for students 18 and above in respect of the Dangote Petroleum Refinery and Petrochemicals FZE IPO
Click here to apply: https://t.co/nX0evunPOZ
From Epe to Jakande, and down to Ibadan and Ilorin, the message remains the same: the #thepeopleIPO train keeps expanding, and we’re excited to welcome more Nigerians to Africa’s largest IPO.
Your street is Next!
#DangoteIPO#Dangoterefinery#DangoteAfrica
Are you a student in a Nigerian tertiary institution?
Aliko Dangote Foundation Share Grant Initiative is giving eligible students an opportunity to begin their investment journey and become shareholders.
Join us live from Kenya for the groundbreaking ceremony of the Dangote East Africa Petroleum Refinery and Petrochemicals SEZ.
📺 Watch live on YouTube and be part of the moment.
https://t.co/iZo5ERbVAA
#DangoteGroup#DangoteRefinery#Kenya#Africa
In a crisis, supply does not go everywhere.
It goes where it is prioritised.
The question is simple:
Is Africa on that list?
#GlobalCrisis#EnergyAccess#AfricaMatters
Dangote Industries Upgraded Four Notches to Highest National Credit Rating of AAA by GCR
Dangote Industries Limited has been upgraded four notches to the highest possible national credit ratings of AAA(NG) and A1+(NG) for its long-term and short-term issuer ratings, respectively, by GCR Ratings, reflecting the Group’s improved financial performance, stronger cash flows and enhanced liquidity position.
The ratings, which were upgraded from A+(NG) and A1(NG), respectively, come with a Stable Outlook.
GCR also upgraded the national scale long-term issue ratings of Dangote Industries Funding Plc’s Series 1 Tranche A and Tranche B Bonds, as well as its Series 2 Bond, to AAA(NG) from A+(NG).
The new ratings represent the highest possible long-term and short-term ratings on GCR’s national rating scale.
According to GCR, the upgrade was driven by robust cash flows following the successful ramp-up of the Dangote Petroleum Refinery to full capacity, strong earnings from the Group’s other businesses, debt repayment and refinancing, improved leverage and liquidity, as well as enhancements in risk management, treasury operations and financial reporting practices.
The ratings agency noted that the Group’s strengthened capital and leverage outlook was underpinned by robust cash flows from the refinery, alongside sustained earnings from its other businesses.
GCR further stated that improved operating performance had enabled the Group to repay and refinance debt on more favourable terms, resulting in stronger leverage metrics.
Commenting on the development, Group Chief Financial Officer of Dangote Industries Limited, Murat Erden, described the ratings as an important independent recognition of the Group’s financial transformation and its disciplined approach to growth.
“We are delighted with the outcome of GCR Ratings’ process. The ratings represent an important independent recognition of the financial transformation taking place across the Dangote Group and the discipline with which we intend to pursue our next phase of growth,” Erden said.
He added that the ratings would strengthen the Group’s capacity to expand its businesses, enhance transparency for investors and creditors, broaden funding sources and promote more efficient liquidity management.
According to him, the development also supports the Group’s broader ambition of continuing to build prosperity for Africans.
“As we progress with the Dangote Petroleum Refinery & Petrochemicals initial public offering, we remain committed to institutional-quality governance, financial transparency, disciplined capital allocation and building long-term value for all our shareholders,” Erden said.
The credit rating upgrade comes as Dangote Industries Limited advances plans for the initial public offering of Dangote Petroleum Refinery & Petrochemicals, with a continued focus on governance, financial discipline and sustainable long-term growth.
HAPPENING NOW: President/Chief Executive, Aliko Dangote, hosts Kenyan President, Dr. William Ruto, at the Dangote Petroleum Refinery and Petrochemicals Complex on a tour of the merchant Refinery.
#DangoteAfrica#DangoteRefinery#Kenya
Toured the Dangote Refinery in Lekki, Lagos State, Nigeria, at the invitation of Dangote Group President and CEO @AlikoDangote ahead of our groundbreaking ceremony for the Dangote East African Refinery in Lamu, Kenya, next week.
The refinery in Nigeria is a massive investment with a crude oil refining capacity of 700,000 barrels a day and produces more than 100 million litres of petrol, diesel and aviation fuel every day. The company has built 120km of sea cables to move crude from ships to the refinery.
This huge achievement is a testament of what African governments, investors and financial institutions can do together.
The refinery whose construction we launch in Kenya next week will be bigger. It will transform the petroleum sector in our country and region, providing fuel reliability and security, scaling up industrialisation and creating 60,000 jobs.
When the refinery is completed, spin off industries will emerge, including the production of fertilisers, chemicals, and packaging.
Davido has questions. Our President & Chief Executive, Aliko Dangote, has answers.
When two generations of Nigerian ambition meet, the conversation is worth listening to. 🇳🇬
Watch as Davido gets the inside story on The IPO for the People — and how Nigerians can be part of the journey.
And yes… you’re already on WhatsApp. Now you can subscribe there too.
Simply send INVEST to +234 812 731 9521 and follow the steps on NGX Invest.
THE IPO FOR THE PEOPLE @AlikoDangote@DangoteGroup
Learn more at https://t.co/nac9DCpxbH
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