Dangote Fertiliser IPO Set for 2028 as Africa’s Richest Man Plans a Second Listing
The Dangote fertiliser IPO is planned for 2028, Aliko Dangote said in New York, as his US$1.6 billion refinery share sale runs in Nigeria. The post Dangote Fertiliser IPO Set for 2028 as Africa’s Richest Man Plans a Second Listing appeared first on The Rio Times .
Aliko Dangote, Africa's richest man, announced in New York on September 20, 2026, that his urea business will go public in 2028. This date is three years later than originally promised. Dangote, president and CEO of Dangote Industries, plans to expand his fertiliser arm from producing 3 million tons to 12 million tons of urea annually.
The company is also opening potash and phosphate mines and will produce 2.2 million tonnes of diammonium phosphate. Dangote's fertiliser business currently operates a US$2.5 billion urea complex in Ibeju-Lekki, Lagos, with a capacity of 3 million tonnes per year.
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