Dangote Refinery IPO set for N525 per share

BusinessDay | 04-09-2026 03:54pm |

Aliko Dangote, Africa's richest man, has announced that the initial public offering (IPO) for the Dangote Refinery, the continent's largest oil facility, will be priced at N525 per share. The long-anticipated IPO is a significant step for the refinery, which is expected to boost Nigeria's refining capacity. The pricing details were disclosed by Dangote, marking a key milestone in the project's financial structuring.

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