Business

Dangote Announces Largest African IPO with $/Naira Refinery Offering

Head Topics 12 h

Nigeria

Dangote Announces Largest African IPO with $/Naira Refinery Offering — Sources: Head Topics

Billionaire Aliko Dangote unveiled the IPO of the Dangote Petroleum Refinery in Lagos, offering 4.1 billion shares at ₦525 each for a valuation of ₦2.15 trillion. The event marked the biggest IPO in African history and underscored Dangote's call for African ownership and economic self‑sufficiency.

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