Understanding the Dangote Refinery IPO

Podcast: The Mwango Capital Podcast · Mwango Capital

Opublikowano: 2026-09-29

In this episode recorded on September 17, 2026, we sit down with Samuel Sule (CEO, Renaissance Capital Africa) and Divine Ulamasi (Analyst, Renaissance Capital Africa) to dissect the investment thesis behind the Dangote Refinery IPO. We explore Nigeria's broader macroeconomic shift following fuel subsidy removals and naira liberalisation, the refinery's high Nelson Complexity Index rating and $2.40 per barrel cash operating cost target, Phase Two expansion plans, the structural gross refining margin advantage, and the cross-border access channels being built for retail and institutional investors across East Africa. Show Notes 00:00:00 Introduction 00:02:36 Overview of the Nigeria Market <...