The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery.
May 20, 2026
Dangote and Otedola
The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery.
He revealed his plans on Wednesday after leading top executives of First HoldCo to Dangote refinery.
Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private investors ahead of the initial public offering (IPO), which has no date yet.
Otedola to invest $100m in Dangote refinery via private placement - Businessday NG
Otedola to invest $100 million in Dangote Petroleum Refinery through private placement
Nigerian billionaire and serial investor, Otedola commits $100 million for stake in Dangote refinery ahead of IPO
Proceeds from Geregu will be invested in Dangote Refinery - Otedola - Businessday NG
PHOTOS: Dangote hosts Otedola, First HoldCo executives at refinery
Dangote: Our Refinery Listing Will Democratise Africa’s Industrial Prosperity
Dangote unveils plan for multi-billion-dollar Olokola seaport
East Africa’s refinery battle deepens as Tanzania's leader woos Dangote amid interest in Kenya
Africa’s richest man plans massive Atlantic port to rival Lagos hubs and power African exports
Investors stockpile funds in Money Market ahead of Dangote IPO - Businessday NG
