Nigerian billionaire Aliko Dangote's $1.6 billion refinery IPO draws investors from 119 countries

Billionaires Africa | 27.10.2026 19:02
Nigerian billionaire Aliko Dangote's oil refinery has drawn enough orders from Nigerian and retail investors alone to cover the $1.6 billion it set out to raise, as the offer closes on Tuesday with buyers from 119 countries seeking shares in what is set to be Africa's biggest initial public offering.