Dangote Refinery attracts billions of dollars in investment interest ahead of IPO – President

Aliko Dangote, president of Dangote Group, has said his refinery has attracted a swooping cardinal dollars successful concern involvement up of its planned Initial Public Offering successful September 2026.

He disclosed this during a caller sojourn by First HoldCo president Femi Otedola and the elder absorption of the fiscal instauration to the 650,000-barrel-per-day refinery.

According to him, immense request from some institutions and backstage investors has exceeded its intended size of placement up of the refinery’s listing connected the Nigerian Exchange Market.

“We person a batch of demands successful billions of dollars,” helium said. “The advisers are inactive evaluating to spot however overmuch we are going to spell to the marketplace with,” helium stated.

He said the radical planned to surpass the monolithic $100 cardinal gross people successful 4 years.

This comes arsenic Otedola announced a program to put $100 cardinal successful the Dangote Refinery.

DAILY POST reports the refinery, which presently serves the bulk of Nigeria’s home substance consumption, is astatine the last signifier of nationalist listing connected NGX.

According to caller information by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Lekki-Lagos-based refinery has achieved 99.12 percent capableness arsenic of April 2026.

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