What Dangote Refinery 10% Stake Listing On NGX Means For Investors

Aliko Dangote, President of Dangote Group, has announced plans to list between 5% and 10% of the $20 billion Dangote Refinery on the Nigerian Exchange (NGX) within the next year. The move aims to attract both local and international investors while boosting the company’s capital base and aligning its operations with global corporate governance standards.

For investors, this listing opens a rare opportunity to own a stake in one of Africa’s largest industrial projects, a 650,000-barrel-per-day refinery that could transform Nigeria’s energy landscape. Beyond potential dividends, it promises long-term value creation as the refinery scales production, reduces fuel imports, and strengthens Nigeria’s oil and gas sector competitiveness.