AFC Leads $2.5bn Dangote Refinery Equity Raise as Plant Targets 1.4m bpd Capacity Deal oversubscribed 3.7 times
Nume Ekeghe
Africa Finance Corporation (AFC)
has led a group of strategic investors in a landmark $2.5 billion private placement by Dangote Petroleum
Refinery and Petrochemicals FZE (DPRP), in a major capital injection into Nigeria’s largest integrated
refining and petrochemical project. In a statement from AFC, they stated that the transaction, which represents DPRP’s first equity capital raise involving new investors
beyond its legacy ownership, was oversubscribed 3.7 times, reflecting strong demand from international and African institutional investors, sovereign-related investment
vehicles, development finance institutions, and strategic partners. The fresh capital comes as Continued on page 8
NNPC: Tinubu’s Deep Offshore Incentive to Accelerate Investment, Oil Output... Page 7 Friday 14 August, 2026 Vol 31. No 11450. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Nigeria, United States Begin Moves to Address Nation’s CPC Designation Washington reviews counterterrorism prosecutions, others Says more work needed to protect Christians, resettle IDPs Chiemelie Ezeobi in Lagos and Emmanuel Addeh in Abuja
Nigeria and the United States have begun fresh moves to address the West African nation’s designation
as a Country of Particular Concern (CPC), with both countries reviewing progress on religious freedom,
accountability for perpetrators of violence and security cooperation. The development followed the
second session of the US-Nigeria Joint Working Group, hosted in Washington on Wednesday by US
Under Secretary of State for Political Continued on page 8
Tinubu to Osun: Go Out to Vote Candidate of Your Choice on Saturday Without Fear Says no voter will be molested at polling booths, urges electorate to conduct themselves well Oyebamiji pledges inclusive governance Adeleke condemns Esa-Oke killing, orders heavy security deployment, cautions against incitement IGP bars state-established security outfits, others from participating in election Barau enjoins voters to return APC to mainstream in state as Sanwo-Olu drums up support for APC, candidate
Story on page 8
OSUN GOVERNORSHIP MEGA RALLY...
L-R: Ondo State Governor, Lucky Aiyedatiwa; Chairman, Nigeria Governors’ Forum and Kwara State Governor, AbdulRahman AbdulRazaq; Former Governor of Osun State, Bisi Akande; Osun State APC governorship candidate, Munirudeen Bola Oyebamiji; President of the Senate, Godswill Akpabio, and Minister of Marine and Blue Economy, Adegboyega Oyetola, during the APC governorship campaign in Osogbo, Osun State, yesterday