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Dangote Refinery Signs IPO Papers, Unveils US$14.3 Billion Plan to Double Capacity

NIGERIA · MARKETS Key Facts —What happened Dangote Petroleum Refinery signed the offer documents for its initial public offering, or IPO — the first sale of its shares to the public — at a ceremony in…

  • Dangote Refinery completes IPO paperwork in Lagos
  • Plans to double capacity to 1.4 million barrels/day by 2029 at US$14.3B cost
  • IPO, starting Sep 14, would be Africa's largest share sale

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