Dangote Group — Nigerian multinational planning Africa's largest IPO for its petroleum refinery, with expansion into Kenyan production.
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Joy Online
… Last month, Nigeria’s Dangote Group launched Africa’s largest share sale yet in an initial public offering of its oil refinery that could raise 2.15 trillion naira ($1.6 billion), if fully subscribed. …
Nigeria’s Dangote refinery aims to draw more retail investors than Aramco IPO, CEO saysJoy Online
… A Dangote Group spokesperson declined to comment. A Kenyan government spokesperson did not immediately respond to a request for comment. …
Dangote’s planned Kenya refinery faces legal challenge by consumer-rights groupJoy 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 to date. …
Facts about Nigeria’s Dangote oil refinery Initial Public OfferingJoy Online
… RAISING CAPITAL A company executive said in July that Dangote Group plans to finance the Kenyan refinery through internal cash flow, bonds and an initial public offering. …
Dangote’s proposed Kenyan oil refinery faces hurdles, not least with crude supplyJoy Online
Nigeria’s Securities and Exchange Commission (SEC) has approved an initial public offering of Dangote Group’s refinery business, the company said on Friday, officially kicking off Africa’s biggest-ever share sale. …
Nigeria’s SEC approves about $1.6bn Dangote Refinery IPOJoy Online
… It would mark Dangote Group’s biggest refining investment outside Nigeria. “We are launching it on September 30,” he said.
Nigeria’s Dangote says refinery IPO to open within daysJoy Online
The Johannesburg Stock Exchange has engaged with Nigeria’s Dangote Group and said the company could list its petroleum refinery in South Africa after a Nigerian IPO, a spokesperson told Reuters on Wednesday. …
Dangote has ‘strong intent’ for South Africa listing after Nigeria IPO – JSEJoy Online
… Edwin Devakumar, vice president of the Dangote Group, said the refinery had been absorbing a currency mismatch by selling products in naira while sourcing crude in dollars, but limited crude supply under the naira-for-crude programme had undermined the arrangement’s viability …
Nigeria’s Dangote begins pricing local fuel sales in dollars, citing crude supply constraintsJoy Online
Nigeria’s Dangote Group plans to finance a proposed 700,000-barrel-per-day oil refinery in Kenya through internal cash flow, bonds and an initial public offering, a senior company executive told Reuters. …
Dangote to fund proposed Kenya refinery with cash, bonds and an IPOBusiness & Financial Times
… xchange (ESX), Bourse Régionale des Valeurs Mobilières (BRVM), Nairobi Securities Exchange (NSE), Securities and Exchange Commission (SEC) of Nigeria, Vetiva Capital Management, Stanbic IBTC Capital and FirstCap (First Capital).[1] Alhaji Aliko Dangote, President of Dangote Group …
IPO across multiple African stock markets to deepen integration and wealth creationNigeria's Dangote Petroleum Refinery is targeting 10 million retail investors for its planned IPO, using Saudi Aramco's 2019 listing (which had over 4.5 million retail subscribers) as a benchmark, CEO David Bird said at the Fujairah Energy Markets Forum.
6 October 2026 · Joy Online →
Nigeria's Dangote Petroleum Refinery is targeting 10 million retail investors for its planned IPO, using Saudi Aramco's 2019 listing (which had over 4.5 million retail subscribers) as a benchmark, CEO David Bird said at the Fujairah Energy Markets Forum.
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 →
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 →
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 →
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 →
The Johannesburg Stock Exchange said Nigeria's Dangote Group plans to list its petroleum refinery in Nigeria first but has strong intent to bring a subsequent listing to South Africa. The group is aiming to raise $5 billion in the IPO, targeting October, with Kenya potentially raising $500 million through regional capital market participation.
6 August 2026 · Joy Online →
Nigeria's Dangote Petroleum Refinery has begun pricing local fuel sales in U.S. dollars, citing difficulties securing sufficient crude under the government's naira-for-crude programme and rising global oil prices. The company says limited crude allocation has forced it to import the remainder at international prices, shifting the currency mismatch burden from the refinery to fuel marketers.
15 July 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 →
Dangote Petroleum Refinery and Petrochemicals, valued at $40B to $50B, will undergo a cross-border initial public offering on multiple African stock exchanges this year, becoming the continent's largest IPO and the first to list simultaneously across multiple African exchanges. The listing follows a meeting of the Nigerian Exchange Group and African Securities Exchanges Association members, positioning it as a test case for cross-border capital formation across African markets.
4 May 2026 · Business & Financial Times →