Event Brief
UPDATED Jul 23, 2026 at 11:00 PM ET
Jul 23, 2026 at 5:06 PM ET
Dangote secures $2.5bn investment to expand Lagos refinery
By The BriefBrief
Dangote secured a record $2.5bn investment to expand the Lagos refinery’s capacity to 1.4 million bpd by 2028.
WHO: Dangote
WHAT: Secured $2.5bn investment to expand Lagos refinery capacity from about 650,000 bpd to 1.4 million bpd by 2028
WHEN: Jul 23, 2026 at 4:45 PM ET
WHERE: Lagos, Nigeria
WHY: To expand lagos refinery capacity from about 650.
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