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Tolu Adedokun
1 month ago
Overview
Dangote Refinery for Listing on Nigerian Stock Exchange
Dangote Industries has announced plans to list its petroleum refinery on the Nigerian Stock Exchange in 2026, offering an initial 5–10 % stake with the possibility of up to 30 % in total, according to insiders.
The listing aims to allow ordinary Nigerians to become shareholders in what is projected as a $55 billion revenue refinery at full scale.
The refinery is also slated for capacity expansion—from 650,000 to 1.4 million barrels per day—expected to further justify investor interest.
