A Kenyan court has lifted an injunction that previously halted Aliko Dangote’s $16 billion Lamu refinery project, clearing a significant legal hurdle for the ambitious energy development.
Aliko Dangote has extended the Dangote Refinery IPO deadline to 27 October, opting to prioritise a diverse pan-African shareholder base over immediate capital despite the offer being oversubscribed.
OPEC has sharply downgraded its 2026 oil demand growth forecast, reducing it by over 70 per cent to 400,000 barrels per day due to weakening global demand.
As subscriptions for the Aliko Dangote-led refinery IPO close, the Nigerian government has warned that domestic crude supply may not meet the facility’s requirements.