Dangote's fortune could increase by $23 billion with the IPO of his refinery

The IPO of Dangote's refinery, launched on September 14 in Lagos, could value the facility at nearly $50 billion. Aliko Dangote's fortune, estimated between $35.3 and $36.7 billion, could rise to $58.2 billion after the operation. The price of each share has been set at 525 naira, with a minimum subscription threshold of ten shares, aimed at attracting a broad audience. The funds raised will be used to finance the expansion of the refinery, which aims for a capacity of 1.4 million barrels per day by 2028.