Despite the possibility of making more money, Dangote is holding off on offering shares of his refinery to traders outside Africa

Aliko Dangote revealed plans to list his oil refinery on the stock market in July last year, following widespread speculation that the tycoon favored international partnerships over local ones.

Very recently, the subject of foreign interest in the Dangote Refinery came up again as the CEO of the company revealed that the idea of a foreign listing is years away.

Speaking to Reuters, the CEO of the Dangote Refinery, David Bird, confirmed that the Dangote Refinery listing, scheduled for October, would be exclusive to some African countries, primarily its home base, Nigeria.

Before assessing an international listing that could potentially yield a higher valuation, Mr. Bird indicated that the corporation requires a minimum of three years of demonstrated operational and financial performance.

London has been identified as a prospective venue.