# Dangote Targets $1.6 Billion in Nigeria’s Largest IPO

https://mins.news/en/video/47899

- Bloomberg Television, 2026-09-07 05:20 UTC
- Economy
- Original: https://www.youtube.com/watch?v=UjqNbXcMrLs

> Billionaire Aliko Dangote’s Dangote Petroleum Refinery and Petrochemicals FZE plans to offer 4.1 billion shares at 525 naira ($0.40) each, seeking to raise $1.6 billion in what could become Nigeria’s biggest IPO. The offering is scheduled to open Sept. 14.

## Related coverage

- [Dangote's proposed Kenyan oil refinery faces hurdles, not least with crude supply](https://mins.news/en/item/51085) — Reuters, 2026-09-09
- [Africa’s richest man seeks $1.6bn in continent’s biggest IPO](https://mins.news/en/item/48727) — Financial Times, 2026-09-07
