September 15, 2026

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Dangote refinery launches Africa’s biggest IPO for retail investors

World France 24
Image: France 24

Africa’s richest man Aliko Dangote on Monday launched an IPO 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 and has drawn both strong investor interest and concerns over its high valuation.

France 24 reported this story. Read the full report on france24.com →

This is a short summary. France 24 wrote and published the full report.

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