Dangote: Refinery’s Initial Public Offer Set in 10 Days

• IEA: Nigeria could double energy investments in five years

Emmanuel Addeh in Abuja

The Initial Public Offer (IPO) of Nigeria’s Dangote refinery, the largest on the continent, will open in the next 10 to 12 days, its owner, Aliko Dangote, said yesterday.

“So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day.

“The IPO will open in the next 10 to 12 days,” Dangote told investors and analysts in Botswana, while visiting the Southern African country, a Reuters report said.