Africa’s richest man Aliko Dangote on Monday launched an IPO for his $19 billion Nigerian oil refinery, seeking $1.6 billion from retail investors across the continent. The offering values Africa’s largest…

Dangote has defended the figure and plans to expand capacity to 1.4 million barrels per day, potentially making it the world's largest refinery.

Shares in Africa’s largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.

Shares in Africa’s largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.

Nigerian billionaire Aliko Dangote launched a public share offering in his oil refinery, targeting as much as $2.1bn in Africa's biggest-ever IPO

Aliko Dangote plans a US listing for his 700,000-bpd refinery within just four years, as its IPO widens African ownership and capacity targets to double by 2030.

President of Dangote Group, Aliko Dangote, has urged billionaires with private aircraft worth $900 million to put their wealth into production in Nigeria.