Renaissance Capital Raises Dangote Refinery Target 33.4% to ₦700 on Strong Earnings

Renaissance Capital increased its valuation of Dangote Refinery by 33.4% to ₦700 per share, citing strong earnings in the first nine months of 2026. The revision signals improved profitability and operational performance at the refinery, which may boost investor sentiment in Nigerian equities. The move is a single-bank estimate, not a consensus, so broader market impact remains uncertain.