Aliko Dangote is preparing for another major expansion of his business empire, with plans to invest more than $10 billion in Africa’s power sector over the next three to four years while also taking his fertiliser business public in 2028. The announcements point to a wider shift in the Dangote Group’s strategy. Rather than focusing…
The Dangote Refinery IPO demand has surged beyond expectations since the public offer opened, creating a rush among Nigerian retail investors and putting pressure on the country’s digital investment infrastructure. The ₦2.15 trillion offer opened on September 14, with 4.1 billion shares available at ₦525 each. The minimum subscription is 10 shares, worth ₦5,250, making…
The Dangote Refinery has reduced its total debt by about ₦798 billion in the first half of 2026, bringing its liabilities down to roughly ₦7.9 trillion. The reduction comes at a significant time, as the refinery has opened its historic ₦2.15 trillion Initial Public Offering to investors. According to the company’s IPO prospectus, total debt…
The Dangote Refinery IPO 2026 is targeting ordinary Nigerian investors, with the company offering shares at ₦525 each and a minimum subscription of 10 shares, worth ₦5,250. The ₦2.15 trillion offering involves 4.1 billion ordinary shares and is expected to become Africa’s largest IPO. The formal offer is scheduled to run from September 14 to…
The Dangote Refinery profit 2026 figures show a dramatic turnaround for Nigeria’s biggest refinery, with the company reporting ₦2.55 trillion in profit after tax on ₦19.47 trillion in revenue during the first half of the year. The results are particularly significant because they come ahead of the refinery’s planned Initial Public Offering, giving potential investors…
