Proceeds from the share sale will finance a $14B expansion project. The investment targets a doubling of the refinery's processing capacity to 1.4M bpd by 2029.
Tuesday, October 20, 2026
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Dangote Launches $1.6B IPO Valuing Africa's Largest Refinery at $47B
Commodities21 days ago
Nigeria's oil tycoon is seeking 10 million retail investors to participate in the public listing of his Lagos facility. Aliko Dangote reported enormous interest in the offering, which intends to raise $1.6B and values the asset, Africa's largest refinery, at $47B.
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