Dangote Refinery Set to Go Public: A Game-Changer for Nigeria’s Energy Sector

Africa’s largest oil refinery, the Dangote Refinery, is gearing up for a stock market listing by the end of 2026. Owned by billionaire Aliko Dangote, this massive facility in Lagos boasts a capacity of 650,000 barrels per day and is projected to generate $25 billion in annual revenue starting from 2025. Initially slated for an IPO in early 2025, the timeline has shifted to allow for full operational ramp-up and market readiness.

The move aims to broaden investor participation and counter monopoly concerns, enabling Nigerians to own shares in this national asset. Meanwhile, Dangote’s fertilizer plant is on track for a Q4 2025 listing. As Nigeria pushes for energy self-sufficiency, this IPO could attract billions in investments, boosting the economy and reducing reliance on fuel imports.