# Africa’s richest man targets $23bn from continent’s biggest-ever IPO

https://mins.news/en/item/57664

- The Guardian, 2026-09-14 12:38 UTC
- Economy
- Original: https://www.theguardian.com/world/2026/sep/14/aliko-dangote-nigeria-africa-richest-man-ipo

> Aliko Dangote’s Nigerian refinery business has launched what is described as Africa’s biggest-ever IPO. If fully subscribed, Dangote could add $23bn to his $35bn fortune, while the refinery’s valuation is expected to reach about 65.22tn naira. The offering is aimed at institutional and retail investors, particularly young Nigerians.

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