Nigerian billionaire Aliko Dangote's refinery secures $1 billion backing ahead of planned IPO

Billionaires Africa | 18.08.2026 22:31
Aliko Dangote's petroleum refinery has secured a $400 million underwriting commitment ahead of a planned stock market listing that is expected to raise about $2 billion, as the Nigerian billionaire moves to broaden ownership of the plant and fund its expansion.