BUSINESS● LOWSep 15 · Sep 15, 2026, 12:05 AM

Dangote refinery launches Africa’s biggest IPO for retail investors

France 24 [en] · sub saharan africa

Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion and has drawn both strong investor interest and concerns over its high valuation.

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