Demand for Aliko Dangote’s refinery IPO reportedly reaches three times its $1.6 billion target across 119 countries
The reported order book is approximately three times the $1.6 billion (₦2.15 trillion) that Dangote Petroleum Refinery and Petrochemicals initially sought from investors
Africa’s richest man Aliko Dangote’s $1.6 billion refinery IPO could multiply Nigeria’s active investors fivefold and connect its shares to markets across Africa
The refinery is offering 4.1 billion ordinary shares at $0.39 (₦525) each, placing the initial size of the transaction at approximately $1.6 billion (₦2.15 trillion). Investors can subscribe for a minimum of 10 shares, costing about $3.90 (₦5,250)
Aliko Dangote, Ethiopia and Djibouti to build $600m fuel pipeline
Nigerian billionaire Aliko Dangote has announced that he is helping to fund a new $660m (£500m) fuel pipeline between Ethiopia and Djibouti
Aliko Dangote appointed Grand Patron of Global Entrepreneurship Festival 2026
The Global Entrepreneurship Festival, GEF, has appointed Africa’s foremost industrialist and President of the Dangote Group, Alhaji Aliko Dangote, as its Grand Patron
Meet the powerful African king Aliko Dangote credits with making his $20 billion oil refinery a reality ahead of Africa’s biggest IPO
Oba Adeyeye Enitan Ogunwusi, Ojaja II, the second of his name and the 51st Ooni to sit on the ancient throne of Ile-Ife in western Nigeria, is the traditional ruler Dangote credits with helping clear one of the most unusual obstacles standing in the way of his $20 billion refinery