Dangote Refinery Launches IPO to Raise $1.6 Billion
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Aliko Dangote
Nigeria
September 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 19/14/2026, 5:21:25 PM
Africa's largest oil refinery, owned by Aliko Dangote, has launched an IPO to raise $1.6 billion. The facility, valued at $49 billion, began production in 2024 and aims to shift Nigeria from a fuel importer to an exporter. Dangote will retain an 87% stake, with plans to expand capacity to 1.4 million barrels per day.
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