Aliko Dangote to sell 10% stake in refinery on NGX, targets 1.4m bpd capacity
[NigerianEye - Nigeria] - 22/10/2025
Aliko Dangote, the founder of Dangote Group, says Dangote Petroleum Refinery plans to sell 5 percent to 10 percent of its stake on the Nigerian Exchange (NGX) Limited within the next year. Speaking in an interview with S&P Global on October 20, Dangote said the move will mirror the approach adopted for Dangote Cement and Dangote Sugar Refinery. “We don’t want to keep more than 65%-70%,” Dangote said. He added that the shares would be offered gradually, depending on investor appetite and market depth. The billionaire also said the group is considering strategic partnerships with Middle (…)
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