Aliko Dangote, Africa's wealthiest man, smiles during the opening ceremony of Africa's biggest oil refinery in Lagos, Nigeria, Monday, May 22, 2023.
Copyright © africanews
Last updated:
17 minutes ago
Nigeria
Nigeria’s Dangote Petroleum Refinery is taking a major step toward becoming a publicly traded company. The refinery is seeking to raise around one billion dollars through a private share placement, in a deal that values the company at roughly 39 billion dollars.
Dangote Refinery seeks $1 billion at $39 billion valuation with 2x investor oversubscription for Africa's largest refinery (650,000 barrels/day). Capital funds logistics, storage, and distribution expansion, advancing African supply-chain consolidation ahead of the planned 2026 public listing.
Aliko Dangote, Africa's wealthiest man, smiles during the opening ceremony of Africa's biggest oil refinery in Lagos, Nigeria, Monday, May 22, 2023.
Copyright © africanews
Last updated:
17 minutes ago
Nigeria

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