Aliko Dangote has revealed that the planned initial public offering (IPO) of the Dangote Group refinery could be launched in September 2026 as investor interest continues to rise.
Gatekeepers News reports that speaking during a visit by Femi Otedola and top executives of First HoldCo to the Lekki-based refinery, Dangote said demand from investors had already reached “billions of dollars.”
According to him, the company is preparing to enter the market by September to allow more Nigerians and investors participate in ownership of the refinery project. He added that advisers are still working on the valuation and listing price of the company ahead of the public offer.
Dangote also disclosed that the refinery had earlier targeted about $2 billion through a private placement, but requests from prospective investors had already exceeded that amount.
The billionaire businessman described the refinery as one of the world’s most ambitious industrial projects, saying it could eventually account for about 10 percent of America’s refining output and become Africa’s biggest revenue-generating company.
Recent reports also indicate that Nigeria’s pension regulator has granted pension fund managers special approval to invest in the planned IPO despite the refinery not meeting some traditional listing requirements.
