Africa: Dangote Expands IPO Plans for His Refinery

Aliko Dangote is considering a pan-African listing for his oil refinery, extending beyond the planned IPO on the Lagos Stock Exchange. Three advisory firms, Stanbic IBTC Capital Ltd, Vetiva Advisory Services Ltd, and FirstCap Ltd, have been appointed to structure this operation. The IPO is scheduled for June-July 2026, with ongoing discussions to involve multiple African exchanges.