Dangote refinery: Northern Christian leader urges members to invest
The Chairman of the Northern Christian Association, Rev. Joseph Hayab, has urged members to invest in the Dangote Petroleum Refinery’s public offer. Read More: https://punchng.com/dangote-refinery-northern-christian-leader-urges-members-to-invest/
Rev. Joseph Hayab, Chairman of the Northern Christian Association, has encouraged members to invest in the Dangote Petroleum Refinery's public offer. According to Punch, he made the call, stating that business has no religion.
The Arewa Consultative Forum (ACF) has also been promoting the Dangote Refinery Initial Public Offering (IPO) in Kano state, aiming to educate prospective investors about the share purchase process and prevent misinformation. Daily Trust reports that some investors had expressed concerns about the IPO, citing claims that the refinery was yet to make profits.
Daily Trust also reports that Dr Goni Umar Farouk, President of the ACF Kano State chapter, dismissed these claims as unfounded, citing the refinery's financial records. He stated that the refinery generated $1.82 billion in the first six months of the year, with revenue rising from N9.38 trillion in 2024 to N18.74 trillion in 2025, and recorded N2.5 trillion in profit after tax during the half-year period.
Brief written by urgent.news from Punch, Daily Trust, Punch Nigeria — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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