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Dangote Refinery makes a stunning turnaround with $4.7 billion profit after last year’s loss as output hits full capacity

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Dangote Refinery makes a stunning turnaround with $4.7 billion profit after last year’s loss as output hits full capacity

Dangote Petroleum Refinery has returned to profitability, reporting $4.725 billion in net income for the nine months ended September 30, as Africa’s largest oil-processing facility reached full capacity and its record-breaking initial public offering (IPO) attracted strong investor demand.

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