Nigeria bets on Africa's largest refinery to raise $1.6 billion

The Dangote Group is listing the company operating its oil refinery in Nigeria on the stock exchange.

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The fact

The move aims to raise $1.6 billion to fund the site's expansion.

The IPO is scheduled for September 14 and marks a key milestone for Africa's energy sector.

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Auto-synthesis from 1 media source · identified on September 4, 2026