How much is Dangote Refinery seeking to raise through its private placement, and at what valuation?

Dangote Refinery is seeking to raise about $1 billion through a private placement, valuing the company at approximately $39.1 billion, as stated in the placement document and confirmed by sources.

What is the share offering structure, and how strong is investor demand for the private placement?

The refinery is offering 3 billion ordinary shares at $0.35 per share, and investor demand has already exceeded $2 billion, according to sources cited in the report.

Dangote Refinery seeks $1 billion private placement ahead of planned listing

Jun 11, 2026

Dangote Refinery seeks $1 billion in private funding at a $39.1 billion valuation to expand operations and reduce import reliance. With demand exceeding $2 billion, the deal supports its 650,000 bpd capacity and signals a potential future public listing.

reuters

2026-06-11

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