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Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Africa category. Published on September 14, 2026 • Originally reported by Eromo Egbejule in Abidjan and agencies. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two-thirds

The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) after his refinery in Nigeria listed publicly in the continent’s biggest-ever initial public offering.

If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals on the Nigerian exchange goes to plan, then Aliko Dangote will add a further $23bn (£17bn) to his $35bn net worth.

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