Also known as: Alhaji Aliko Dangote · Nigerian billionaire Aliko Dangote · Nigerian industrialist Aliko Dangote · Mr Dangote · billionaire Aliko Dangote
Nigerian billionaire developing oil refineries and infrastructure across Africa, recently launching continent's largest IPO.
News reports
Order a long-term news report on Aliko Dangote
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The Chronicle
… The launch attracted prominent international figures, including former Nigerian President Olusegun Obasanjo, Prime Minister of Barbados Mia Mottley, UN Under-Secretary-General Amina Mohammed, President William Ruto of Kenya and billionaire Aliko Dangote, among others. …
Mahama Tells Developing Countries: We Must Break Away From Foreign AidJoy Online
African business magnate Aliko Dangote has praised President John Dramani Mahama for what he described as a rapid turnaround of Ghana’s economy, attributing the improvement to the restoration of confidence in the country. …
Dangote praises Mahama’s handling of Ghana’s economic recoveryJoy Online
… The discussions will also include delegates from China, France and the United Kingdom, alongside Nigerian industrialist Aliko Dangote. …
Mahama to host high-level Accra Reset meeting to assess progress, renew commitmentsJoy Online
… Here are some facts about the transaction: * The Dangote refinery was built by Dangote Group, which is controlled by Africa’s richest man, Aliko Dangote, over a period of 10 years at a cost of $20 billion. …
Facts about Nigeria’s Dangote oil refinery Initial Public OfferingJoy Online
Nigerian billionaire Aliko Dangote has launched Africa’s largest ever share sale, offering a stake in his oil refinery to the general public in a deal that could raise as much as $2.1bn (£1.6bn). …
Africa’s richest man launches continent’s biggest share saleJoy Online
Nigerian billionaire Aliko Dangote on Monday launched Africa’s largest share sale yet with the initial public offering of his oil refinery, targeting the general public to raise as much as $2.1 billion for its expansion. …
Billionaire Dangote launches oil refinery ‘people’s IPO’, Africa’s biggestJoy Online
Afrobeats superstar, Davido, has revealed billionaire businessman Aliko Dangote’s longstanding relationship with his family. …
Davido reveals secret bond between Dangote and his familyJoy Online
Less than three years after overcoming surging costs, swampy terrain and inadequate infrastructure to launch Africa’s biggest oil refinery in Nigeria, billionaire Aliko Dangote is set on replicating that project on the continent’s opposite coast. …
Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supplyThe Chronicle
President/Chief Executive of Dangote Industries Limited, Aliko Dangote, on Monday declared that the Initial Public Offering (IPO) of the 650, 000 barrels per day Dangote Refinery will give ordinary Nigerians an opportunity to buy shares in the facility. …
Drivers, Cooks, everybody will now have stakes in the Refinery, Dangote declaresJoy Online
… DANGOTE’S SPRAWLING EMPIRE The refinery, which began operations in 2024, is part of the sprawling business empire of Africa’s richest man Aliko Dangote that also includes cement and sugar assets. …
Nigeria’s Dangote refinery plans $14 billion expansion as it signs IPO documentsNigerian musician Mr Eazi declined an invitation to Beyoncé's 'The Lion King: The Gift' premiere—where Jay-Z would have been present—because he had already committed to perform for 8,000 fans and the organisers had paid him. Eazi, who has worked with Beyoncé on music but never met Jay-Z, said he chose to honour his audience commitment.
3 November 2026 · The Chronicle →
Nigerian musician Mr Eazi declined an invitation to Beyoncé's 'The Lion King: The Gift' premiere—where Jay-Z would have been present—because he had already committed to perform for 8,000 fans and the organisers had paid him. Eazi, who has worked with Beyoncé on music but never met Jay-Z, said he chose to honour his audience commitment.
3 November 2026 · The Chronicle →
Nigeria's $1.6 billion Dangote refinery IPO has received about three times its targeted orders, with 6.4 trillion naira ($4.78 billion) in subscriptions from Nigerian retail and institutional investors. The offering, which closes Tuesday and targets millions of ordinary Nigerians and Africans with shares starting at $4, has attracted over 2 million investors through digital channels so far and is expected to trigger a greenshoe option to increase the offering to $2.1 billion.
28 October 2026 · Joy Online →
The Financial Times Africa Summit returns for its 13th edition on October 21–22, 2026, in London, bringing together African leaders including President John Dramani Mahama and former leaders, investors, and policymakers to discuss how African economies can navigate changing global trade patterns and strengthen domestic growth under the theme "Mobilising Growth in a New Global Order."
16 October 2026 · Daily Guide →
Nigeria's Dangote Refinery's initial public offering, targeting retail investors to raise about $1.6 billion, could boost participation in African stock exchanges and help fund major infrastructure projects, according to a Citi Bank executive. The IPO has generated significant public interest, though some investors have questioned the refinery's valuation.
13 October 2026 · Joy Online →
Professor Godfred Bokpin cautions that Ghana's BRICS membership should not substitute for domestic economic reforms, saying the bloc could offer new opportunities but membership alone will not automatically improve the country's economic fortunes or deliver overnight transformation.
8 October 2026 · Joy Online →
BBC Studios and BBC News have launched Africa Enterprise, a new business programme examining companies, entrepreneurs and investment opportunities shaping Africa's economy. The Absa-sponsored series, presented by journalist Nancy Kacungira, debuted on October 5, 2026, and will explore entrepreneurship, agriculture, mining, infrastructure and other sectors.
6 October 2026 · Joy Online →
A consumer-rights group in Kenya has filed a petition challenging Dangote's planned 700,000-barrel-per-day oil refinery in Lamu, alleging key project details have not been publicly disclosed and seeking disclosure of the government's stake terms and evidence of public participation. This is the second legal challenge to the project, following a lawsuit by more than 130 residents claiming the land is their ancestral heritage.
4 October 2026 · Joy Online →
President Mahama has arrived in Egypt for the eighth African Union Mid-Year Coordination Summit and the inaugural Alamein Africa Forum. He will deliver a keynote address on healthcare investment and manufacturing, and hold bilateral meetings including with Egyptian President el-Sisi during the gatherings.
3 October 2026 · Joy Online →
Nigerian billionaire Aliko Dangote and Kenya's President William Ruto have broken ground on a $16bn oil refinery in Lamu, expected to process 700,000 barrels of crude oil a day. Despite protests from local residents demanding more compensation for land, Dangote dismissed the objections and said the refinery would be ready by 2030.
1 October 2026 · Joy Online →
Nigerian billionaire Aliko Dangote is funding a $660m joint venture fuel pipeline between Djibouti's port and Ethiopia that will reduce fuel transport time from five days to one and begin operations within 18 months.
27 September 2026 · Joy Online →
President John Dramani Mahama has called on developing countries to strengthen self-reliance and sovereignty by breaking free from systemic dependence on foreign aid. He launched a report titled "A Sovereign Future for Health" at a high-level event in New York, which outlines measures including building domestic industrial capacity and expanding local pharmaceutical manufacturing across Africa and Asia.
24 September 2026 · The Chronicle →
African business magnate Aliko Dangote has praised President John Dramani Mahama for rapidly improving Ghana's economy, attributing the improvement to restored investor confidence and arguing that investors commit resources when confidence is restored in an economy.
22 September 2026 · Joy Online →
President John Dramani Mahama will host a high-level Accra Reset meeting on Monday, September 21, bringing together global leaders, health development advocates, and partner institutions to assess progress and renew commitments one year after the initiative was launched. The event will feature current and former leaders including Kenyan President William Ruto, former British Prime Minister Gordon Brown, and representatives from the WHO, G77, Commonwealth, and OECD.
21 September 2026 · Joy Online →
Nigeria's Dangote Group is selling 4.1 billion shares in its oil refinery to raise 2.15 trillion naira ($1.6 billion) in what is set to become Africa's largest initial public offering, with shares priced at 525 naira per share and valued at about 63 trillion naira ($47.59 billion).
15 September 2026 · Joy Online →
Aliko Dangote has launched Africa's largest initial public offering, offering roughly 3% of his oil refinery to the public in a deal that could raise $2.1bn. The refinery, which started production in 2024, supplies more than 70% of Nigeria's energy consumption, and the IPO runs for a month with a minimum purchase of 10 shares costing about $4.
14 September 2026 · Joy Online →
Nigerian billionaire Aliko Dangote launched a public share offering of his oil refinery targeting $2.1 billion, offering roughly 3% as a "people's IPO" to ordinary Nigerians. Retail investors will pay a higher price than institutional investors who bought 6% in a July private placement for $2.5 billion at a lower valuation.
14 September 2026 · Joy Online →
Afrobeats superstar Davido has revealed that billionaire Aliko Dangote has maintained a close relationship with his family for decades and consistently offered him financial advice since childhood, including driving his mother home from the hospital after his birth. Dangote, a close associate of Davido's father Adedeji Adeleke, regularly tells him to save and manage his money.
10 September 2026 · Joy Online →
Billionaire Aliko Dangote is planning to build a $15–16 billion refinery in Lamu, Kenya, with a 700,000-barrel-per-day capacity and expected completion by 2030, but securing crude supply poses a challenge since Kenya currently has no commercial oil output, unlike Nigeria where Dangote's existing refinery operates.
10 September 2026 · Joy Online →
Aliko Dangote announced that the Dangote Refinery's Initial Public Offering will allow ordinary Nigerians, including drivers and cooks, to buy shares in the 650,000 barrels per day facility. The IPO will offer 4.1 billion ordinary shares at ₦525.00 per share, with applications opening September 14, 2026 and closing October 9, 2026.
8 September 2026 · The Chronicle →
Nigeria's Dangote refinery plans to spend $14.3 billion to double its processing capacity to 1.4 million barrels per day by 2029, and has signed documents for an IPO aimed at raising 2.15 trillion naira ($1.63 billion), with trading expected to begin in late November.
8 September 2026 · Joy Online →
Nigeria's Securities and Exchange Commission has approved an initial public offering of Dangote Group's refinery business, which could raise approximately $1.63 billion if fully subscribed through the sale of 4.1 billion ordinary shares at 525 naira per share. The 650,000-barrel-per-day refinery, built at a cost of about $20 billion on the outskirts of Lagos, has transformed Nigeria's fuel market and the order book for the offer is set to open on September 14.
7 September 2026 · Joy Online →
Nigeria's Dangote refinery, Africa's largest, will launch its initial public offering in the next 10 to 12 days and is expected to raise about $5 billion. Owner Aliko Dangote also said Dangote Cement's London Stock Exchange listing will most likely occur in October.
7 September 2026 · Joy Online →
Nigeria's Dangote oil refinery, majority-owned by Africa's richest man Aliko Dangote, is seeking to raise about $5 billion through an initial public offering expected to conclude in October, with stock exchanges across the continent including Ghana's expressing interest. The 650,000-barrel-per-day refinery plans to use the funds to expand capacity and build a similar facility in Kenya.
5 August 2026 · Joy Online →
Nigeria's benchmark index gained 67% in dollar terms in the first half of 2026, becoming the world's top-performing equity market ahead of South Korea's KOSPI. The rally has been driven by economic reforms, stronger oil prices, improved foreign exchange liquidity, naira appreciation, and growing investor confidence.
2 August 2026 · Joy Online →
Nigeria's Dangote Group plans to finance a 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds, and an initial public offering. The refinery, to be built on Lamu island, is expected to take up to three years to build and would supply refined petroleum products to Kenya and neighbouring countries.
8 July 2026 · Joy Online →
Nigeria's Securities and Exchange Commission ordered an immediate halt to marketing for a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals, stating no application has been filed or approved. The regulator identified advertisements and investment solicitations across social media and other channels, warning that promotions could mislead investors and distort market expectations.
24 June 2026 · Joy Online →
Nigeria's Dangote Petroleum Refinery is raising about $1 billion through private placement at $0.35 per share, valuing the company at approximately $39.1 billion. Proceeds will fund expansion and general corporate purposes as the 650,000-barrels-per-day refinery ramps up operations ahead of a potential public listing.
12 June 2026 · Joy Online →
Nigeria's Dangote Petroleum Refinery has ramped up crude processing to 700,000 barrels per day during a performance test, exceeding its nameplate capacity of 650,000 bpd, with plans to expand to 1.4 million bpd within 30 months. The refinery, which began producing fuel in 2024, supplies domestic markets and exports to African countries, Europe, and beyond.
5 June 2026 · Joy Online →
Ghana's Petroleum Hub Project, described as the nation's most ambitious undertaking, has faced land acquisition challenges since its inception in 2021. The article notes that major national projects in Ghana typically encounter community resistance over land issues, funding, and environmental concerns, and cites similar delays experienced by Nigeria's Dangote Refinery.
19 May 2026 · The Ghanaian Times →
Ghana's Petroleum Hub Project, launched in 2021, has encountered land acquisition difficulties since inception. The article notes that major national projects routinely face community resistance over land issues, citing the Nigerian Dangote Refinery as a parallel example of similar delays.
19 May 2026 · Joy Online →