Dangote Refinery to List on Nigerian Exchange Limited

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Amazin Zion

Amazin Zion

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Mar 1, 2023
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Africa's richest man, Aliko Dangote, has disclosed that his $20 billion worth of oil refinery 'Dangote Refinery' will soon be listed on the Nigerian Exchange Limited (NGX) to attract investors into the billion-dollar company.

This great step taken by Dangote is a significant move for Dangote Industries, Africa’s biggest conglomerate.

Dangote disclosed the refinery listing during an interview section with the Financial Times; he added that the company has gone through many challenges related to the supply of crude oil, paving the way for the refinery’s listing.

The listing on the NGX will boost investor confidence and open more growth opportunities for Dangote Industries.

“We have resolved all the issues with crude oil supply,” Dangote stated. “We are now ready to move forward with our plans to list the refinery on the Nigerian Exchange Limited.”

The Dangote Refinery is Africa’s largest single-train refinery, with 650,000 barrels per day capacity. The refinery is expected to transform Nigeria’s oil and gas sector, which will shorten Nigeria’s reliance on imported fuel and boost export revenue.

Read more: https://www.investingport.com/dangote-refinery-to-list-on-nigerian-exchange-limited/
 
Ladies and gentlermen, the time is now, Dangote refinery is ready and it may help you retire you family and make you very very rich. Lets go .
 
As of February 2026, the Dangote Refinery is not yet listed on the Nigerian Exchange (NGX), but plans are underway for a landmark listing in 2026
. Aliko Dangote has confirmed plans to list a 10% minority stake, allowing investors to buy shares in naira while potentially receiving dividends in U.S. dollars.
Key details about the planned listing:
  • Timeline: The listing is anticipated to take place in 2026, following discussions with regulators, as reported by CWEIC and TVC News.
  • Structure: The IPO aims to democratize ownership, enabling both retail and institutional investors to own a stake, with reports indicating no purchase limits.
  • Market Impact: Experts, including Bismarck Rewane, predict this listing could significantly boost the Nigerian stock market capitalization, potentially doubling it to over N200 trillion.
  • Diversification: The listing is part of a broader strategy to include other Dangote entities, such as the Fertilizer company, on the exchange.
 
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Thread 'Dangote Refinery Sets Global Record: Begins Expansion to 1.4 Million Barrels Per Day'

Dangote Refinery Sets Global Record: Begins Expansion to 1.4 Million Barrels Per Day

Detailed Breakdown:

The Dangote Refinery, which began operations in 2024, has officially commenced construction for its expansion — increasing its refining capacity from 650,000 barrels per day (bpd) to an impressive 1.4 million bpd.

This new phase, announced by Aliko Dangote, President of the Dangote Group, at a press briefing in Lagos, will make the refinery the largest in the world, surpassing India’s Jamnagar Refinery. Dangote made this announcement alongside his longtime associate, Femi Otedola...
 
Nigerian businessman Aliko Dangote has announced plans to list the Dangote Refinery on the Nigeria Stock Exchange by the end of 2026. The $20 billion refinery, with a processing capacity of 650,000 barrels of oil per day, aims to broaden its investor base through the public listing.

”With projected revenues of $20 million daily and a cumulative earning potential of $70 billion, this listing will offer investors dollar-denominated returns and long-term value,” said Dangote.

In addition, Dangote plans to list Nigeria’s 2.8-million-tons-per-annum urea plant by the end of this year. The urea facility is set to undergo a $2.5 billion expansion to increase its production capacity, supporting Africa’s push for fertilizer self-sufficiency.

The listings of these two facilities align with Dangote’s broader goal to increase annual revenue generation to $30 billion by 2026.
 

Nigerian billionaire Femi Otedola says Dangote refinery could expand to 1.4 million barrels a day as output ramps up​

Femi Otedola toured the Dangote refinery and said capacity could expand to 1.4 million barrels a day, calling the project “history made.”
 
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