Skip to playerSkip to main content
  • 5 hours ago
Dangote's Nigerian oil refinery extends IPO by 2 weeks

Aliko Dangote's Nigerian oil refinery is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday. The IPO, set to be Africa's largest capital market operation, was due to close on Tuesday but it will now be extended for two weeks.

READ MORE : http://www.africanews.com/2026/10/13/dangotes-nigerian-oil-refinery-extends-ipo-by-2-weeks

Subscribe on our Dailymotion channel and receive all the latest news from the continent.

Africanews is available in English and French.
Website : www.africanews.com
Facebook : https://www.facebook.com/africanews.channel/
Twitter : https://twitter.com/africanews

Category

🗞
News
Transcript
00:01Africa's richest man, Aliko Dangote, is extending the deadline for the initial public offering of his Nigerian oil refinery.
00:10The IPO was due to close on Tuesday, but will now run until October 27.
00:16The 700,000-barrel-a-day Lagos facility had aimed to raise $1.6 billion to double its capacity.
00:24Dangote says there's been enough interest to raise more than three or four times the target amount.
00:31The extension, he said, was to ensure ordinary people get a chance to own a stake in the refinery.
00:39If the proposed expansion goes ahead, it will be the world's largest, surpassing India's Gemnaga.

Recommended