The Johannesburg Stock Exchange (JSE) is preparing to host a secondary listing for Dangote Petroleum Refinery after its planned primary listing in Nigeria

The Dangote Refinery IPO is pushing Nigerian institutions to sell banks and telecoms to fund subscriptions, in an offer worth up to US$5 billion.

Dangote Refinery is planning Africas largest-ever IPO, aiming to raise about $5 billion by October