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Dangote Refinery targets $5bn IPO in October

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Dangote Refinery targets $5bn IPO in October

05 Aug, 2026

Nigeria’s Dangote Petroleum Refinery is targeting a $5 billion initial public offering (IPO) expected to conclude in October as it seeks fresh capital to expand operations, according to sources familiar with the planned transaction. According to a report by Reuters, the proposed share sale could become one of the largest equity offerings in Africa if completed. The source, however, cautioned that the final amount to be raised would depend on regulatory approvals................….......READ MORE