Dangote refinery IPO signed as Africa's largest capital raise

On September 7, 2026, Aliko Dangote, Africa's richest person, signed registration documents for what would become Africa's largest IPO, targeting $1.6 billion to $49 billion in valuation for his refinery business on the Nigerian stock exchange. The offering aims to attract 10 million shareholders.

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Aliko Dangote, Investment Banks Sign Africa’s Biggest IPO Deal

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Aliko Dangote and his financial advisers signed registration documents for the initial public offering of his refinery business as Africa’s richest man takes a key step toward launching the continent’s biggest share sale to date.