Refinery Will Become Africa’s Largest Company By December – Dangote

Aliko Dangote, President of Dangote Group, has projected that the Dangote Petroleum Refinery and Petrochemicals FZE will become the most viable company in Africa by the end of December 2026. He made this statement on Monday at the Nigerian Exchange trading floor in Lagos during an address marking the commencement of the refinery's Initial Public Offering. The IPO opened on September 14, 2026, with 4.1 billion new ordinary shares offered at N525 per share, and a minimum subscription of 10 shares valued at N5,250. The offer is scheduled to close on October 13, 2026, and is open to retail and institutional investors as well as eligible African investors.

Read More