Nigeria TV Info 

Dangote Refinery Eyes $2bn in Historic Listing, Targets Africa's Biggest IPO

The Dangote Petroleum Refinery is preparing for a landmark public listing expected to raise up to $2 billion, a move that could become the largest Initial Public Offering (IPO) in Africa's history. Reports indicate the listing is targeted for September 2026 and has already attracted overwhelming interest from institutional investors, high-net-worth individuals, and retail investors across Nigeria and beyond.

The proposed IPO is expected to value the refinery at approximately $40 billion, with some analysts projecting a valuation as high as $50 billion. Dangote plans to sell about 10 percent of the refinery's equity, with the shares expected to be listed on the Nigerian Exchange and potentially other African stock exchanges.

Investor confidence has been boosted by the refinery's strong operational performance. Since commencing operations, the facility has significantly reduced Nigeria's dependence on imported petroleum products and has positioned the country as a net exporter of refined fuel to regional markets. The refinery is also regarded as one of the world's most profitable refining operations based on its reported earnings margins.

However, Nigeria's Securities and Exchange Commission (SEC) recently ordered a halt to promotional activities surrounding the proposed IPO, stating that no formal application for the offering had yet been approved. Despite the regulatory pause, investor interest remains high as market participants await official approval and the launch of the historic share sale.