EconomyDangote refinery launches Africa’s biggest IPO for retail investors

Africa’s richest man, Aliko Dangote, launched an IPO on Monday for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest refinery at about $49 billion, attracting strong interest while raising concerns about its high valuation.

Dangote refineryIPONigeriaretail investors

FFrance 24★★★☆☆2026-09-15 00:05Original