Nigeria’s Dangote refinery aims to raise $5 billion with October listing, source says

The Dangote Petroleum Refinery in Nigeria is preparing an initial public offering (IPO) aimed at raising approximately $5 billion. According to sources familiar with the plan, the company expects to conclude the listing process by October.

If successful, the offering would represent the largest market listing in Africa to date. The refinery is majority-owned by Aliko Dangote, who is currently ranked as Africa's wealthiest individual.