‘The IPO for the people’: Dangote refinery targets 10 million retail investors

‘The IPO for the people’: Dangote refinery targets 10 million retail investors

Billionaire Aliko Dangote has launched Africa’s largest public share sale, opening up ownership of his $20bn mega-refinery to millions of ordinary citizens across the continent.

Published on September 07, 2026 at 15:10 pm (GMT +1)

Africa’s richest man, Aliko Dangote, wants his drivers, cooks and security guards to own a share of the continent’s largest refinery.

At a signing ceremony in Lagos, Nigeria, on Monday, 7 September, Dangote Petroleum Refinery and Petrochemicals (DPRP) free establishment zone launched the formal process for what is expected to be Africa’s largest public share sale, aiming to raise ₦2.15trn