Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa
Commodities

Who will own Dangote refinery? $400m backs IPO

Dredging vessel at work at Dangote Refinery site, Lekki Lagos State, Nigeria. Photo by GodwinPaya @ Wikimedia Commons
Dredging vessel at work at Dangote Refinery site, Lekki Lagos State, Nigeria. Photo by GodwinPaya @ Wikimedia Commons

Kent Mensah

Kent Mensah is a seasoned Ghanaian journalist with a two-decade career spanning global media networks.
  • Dangote refinery secures $400m underwriting commitment for its planned IPO.
  • African and Caribbean institutional investors are being courted for ownership.

 

ABUJA, NIGERIA – Dangote Petroleum Refinery has secured a $400mn underwriting commitment for its planned IPO after completing a separate $600mn private placement.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
29/07/2026
2 weeks ago
Vincent Nwanma
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
16/06/2026
2 months ago
Eric Kasongo
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
08/06/2026
2 months ago
Eric Kasongo
Read More »

Recent Politics

Oil tankers silhouetted against a vibrant sunset over the Pacific Ocean. Photo by Soly Moses @Pexels
Who should control Namibia’s oil? Presidency power grab divides nation
17/08/2026
1 day ago
Vitalio Angula
Read More »
Nigerian youth on the street. Photo by Salem Ochidi @ Unsplash
Why Nigeria’s Osun vote could foreshadow 2027 turmoil
14/08/2026
4 days ago
Vincent Nwanma
Read More »
Patrice Talon, Former President of Benin Photo @Patrice Talon/Facebook
Who really governs Benin? Ex-president Talon still holds the keys
13/08/2026
5 days ago
Brandon Orion Mensah
Read More »

Latest Posts

Latest news insights

Dredging vessel at work at Dangote Refinery site, Lekki Lagos State, Nigeria. Photo by GodwinPaya @ Wikimedia Commons
Read More »
Who will own Dangote refinery? $400m backs IPO
Truck at a mining site. Photo by Robert So @ Pexels
Read More »
Has Ghana become a gold superpower? Overtaking the US raises stakes
Oil rig. Photo by Saul Bandera Brotheridge @ Pexels
Read More »
Can Senegal turn its billion-dollar oil boom into prosperity?
Oil tankers silhouetted against a vibrant sunset over the Pacific Ocean. Photo by Soly Moses @Pexels
Read More »
Who should control Namibia’s oil? Presidency power grab divides nation
Truck at a mining site. Photo by Robert So @ Pexels
Read More »
Has Ghana become a gold superpower? Overtaking the US raises stakes
Oil rig. Photo by Saul Bandera Brotheridge @ Pexels
Read More »
Can Senegal turn its billion-dollar oil boom into prosperity?
Oil tankers silhouetted against a vibrant sunset over the Pacific Ocean. Photo by Soly Moses @Pexels
Read More »
Who should control Namibia’s oil? Presidency power grab divides nation
A woman harvests fresh tea leaves. Photo by Fatima Yusuf @ Pexels
Read More »
Sudan, Iran conflicts hit Kenya’s tea trade. Where next?
Oil rig. Photo by Saul Bandera Brotheridge @ Pexels
Read More »
Can Senegal turn its billion-dollar oil boom into prosperity?
Oil tankers silhouetted against a vibrant sunset over the Pacific Ocean. Photo by Soly Moses @Pexels
Read More »
Who should control Namibia’s oil? Presidency power grab divides nation
A woman harvests fresh tea leaves. Photo by Fatima Yusuf @ Pexels
Read More »
Sudan, Iran conflicts hit Kenya’s tea trade. Where next?
Busy street of Accra, Ghana. Photo by Kofi Bhavnani @ Unsplash
Read More »
Why Ghana is rejecting billions as investors chase debt