Dangote Refinery Launches Africa's Largest IPO, Targeting $2.1bn

Aliko Dangote has launched an IPO for a ~3% stake in his oil refinery, aiming to raise up to $2.1bn, marking Africa's largest-ever share sale. The offering opens the refinery to public investors, potentially diversifying its funding base. The deal's success will signal investor appetite for Nigerian energy assets amid broader market conditions.