BREAKING: Dangote Refinery sets minimum subscription for $1.6 billion IPO

Premium Times Nigeria | 07-09-2026 01:58pm |

The Dangote Refinery has set a minimum subscription for its $1.6 billion Initial Public Offering (IPO). Aliko Dangote, Africa's richest man and owner of the 700,000 barrel-per-day plant, led the sign-off ceremony in Lagos on Monday. This IPO marks a significant step in the refinery's financial strategy and could attract substantial investment.

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