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Dangote Refinery IPO to Raise $1.6B, Africa's Largest
La RepúblicaLO·NG·1 day ago
United Palm Products Limited (UPPL), a public-private partnership with Pragmatic Palms, has invested $2.2 million in a palm oil refinery in Enugu, Nigeria, and begun commercial production. The refinery will process crude palm oil into olein and stearin, and refine palm kernel oil. This marks a modest expansion of Nigeria's domestic palm oil processing capacity, potentially reducing reliance on imports.