Dangote Refinery to List on Nigerian Stock Exchange, Offers Ownership Opportunities to Nigerians
Aliko Dangote, President of the Dangote Group, has announced plans to list his $20 billion refinery on the Nigerian Stock Exchange by the end of 2026. This move will allow Nigerians to own shares in the refinery, situated in Lekki, Lagos State.
The refinery, Africa’s largest, can process 650,000 barrels of crude oil per day, producing aviation fuel, naphtha, diesel, and gasoline.
Key Highlights:- Listing Plans: The Dangote Refinery will debut on the Nigerian Exchange (NGX) by the end of 2026, enabling Nigerians to buy shares.
Increased Transparency: The listing aims to increase transparency and allow Nigerians and global stakeholders to own a part of Africa’s largest industrial project.-
Access to Capital: The listing could improve the refinery’s access to capital, drive operational accountability, and boost investor confidence.
Partnerships: Dangote is open to partnerships with African governments, private investors, and regional institutions.
Revenue Projections: The company expects to generate $30 billion in annual revenue by 2026 and plans to surpass Qatar as the world’s largest urea exporter within four years.Benefits for Nigerians.
Ownership Opportunities: Nigerians will have the chance to own a piece of the refinery, promoting inclusivity and economic participation.
Economic Growth: The refinery’s listing could contribute to Nigeria’s economic growth and development.- Job Creation: The project may create employment opportunities, both directly and indirectly, in the oil and gas sector.
