Nigeria: Dangote refinery prepares for IPO

The Dangote oil refinery has signed official documents for its IPO, scheduled from September 14 to October 13. It plans to sell 4.1 billion shares at 525 naira each, potentially raising about 2.15 trillion naira. This operation could become the largest in Africa and will help finance the expansion of the refinery, which currently produces up to 700,000 barrels of oil per day.