Africa Intelligence Brief — Friday, September 11, 2026
The Dangote refinery at Lekki, near Lagos; Africa’s largest industrial site is days from asking the Nigerian public to buy a minority stake, in an offer that turns a private monument into a national test.One-stop referenceCompany IntelligenceEvery listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.Browse the directory →
Key Facts
The offer. Dangote Petroleum Refinery & Petrochemicals is set to list 4.1 billion shares at ₦525 each on the Nigerian Exchange, an offer Reuters values at ₦2.15 trillion — about US$1.63 billion at roughly 1,320 naira to the dollar — with subscription opening on 14 September and running to 13 October after signing ceremonies in Lagos on Monday, and a market listing planned for later this year.
The backer. A group of Nigerian banks has committed US$400 million to underwrite the sale, and Africa Confidential names Vetiva Capital as lead manager on a book built for both domestic institutions and small retail buyers.
