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Stocks making the biggest moves midday: Apple, Meta Platforms, Bumble, Fermi, Goldman Sachs & more

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Dangote Swings to $4.7 Billion Profit Ahead of Africa’s Biggest IPO

Nigeria’s Dangote refinery has gone from losing money to posting a $4.73 billion profit in less than a year, just as it asks investors for $1.6 billion in what would be Africa’s largest IPO.

  • Dangote refinery turns $4.73 billion profit in 9 months of 2026
  • Revenue doubles to $22.48 billion, EBITDA reaches $5.52 billion
  • IPO seeks $1.6 billion valuation of $47 billion refinery

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