Nigerian billionaire Femi Otedola has committed $100 million to the upcoming private placement of the Dangote Refinery, marking a major reversal from comments he made just weeks ago denying any financial involvement in the mega-project

• South African investors eye partnership with conglomerate

Aliko Dangote hosted Femi Otedola and senior First HoldCo executives at the Dangote Refinery, highlighting collaboration for Africa's industrial future.