Nigeria's Dangote Refinery Launches Biggest African IPO for Retail Investors The recent Initial Public Offering (IPO) of Africa's largest oil refinery, led by Nigeria's richest man Aliko Dangote, has generated significant interest among investors.
With a valuation of $49 billion, the refinery is an attractive opportunity for retail investors to buy in.
Dangote retains 87% ownership of the refinery, with shares available to individual investors at a price of just $4 per bundle of 10 shares.