Aliko Dangote is targeting a $1.6bn fundraising through what is described as Africa’s biggest IPO. The float would involve his $49bn refinery business on the Nigerian stock exchange, with plans to reach 10mn shareholders.
WHO:Aliko Dangote
WHAT:Seeks to raise $1.6bn via an IPO of his $49bn refinery business on the Nigerian stock exchange
WHEN:Reported Sep 7, 2026 at 12:45 PM ET
WHERE:Nigeria
WHY:Cause not yet established.
Reporting from 4 identified publishers across this event arc.
