What percentage of Dangote Petroleum Refinery and Petrochemicals Fze does Aliko Dangote plan to sell via IPO, and where will it be listed?

Aliko Dangote plans to sell about 10% of his oil-refining company, Dangote Petroleum Refinery and Petrochemicals Fze, in an IPO across multiple African stock exchanges. He stated, 'We will list as much as possible, maybe 10% or so.'

How will shareholders of Dangote Petroleum Refinery and Petrochemicals Fze be paid dividends, and who has been appointed to advise on the IPO?

Shareholders of Dangote Petroleum Refinery and Petrochemicals Fze will receive dividends in dollars, according to Dangote. The company has appointed Stanbic IBTC Capital Ltd., Vetiva Advisory Services Ltd., and FirstCap Ltd. to advise on the IPO.

Dangote Plans to Sell About 10% of Refinery in IPO Across Africa

Apr 16, 2026

Aliko Dangote intends to sell 10% of his refinery via an IPO across African exchanges, offering dollar-denominated dividends and appointing financial advisors for the listing.

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