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Aliko Dangote pan-African share sale and business expansion 2026

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4 DAYS
21 FACTS
2 EVENTS
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FIRST ENTRY SEP 14
SEP 17 · Day 4

Nigerians show off oil wealth after share-buying frenzy

The share sale was Africa's biggest-ever sale of its kind.

Public affairs analyst Jamil Ubah said he had rarely seen Nigerians as excited about something as this.

The minimum purchase for the shares was 10 shares for about $4 (£3).

“I think the hope for the common man is that his money will grow into something big, and don't forget this is coming at a time when many are struggling as the economy is not doing great,”
JAMIL UBAH verbatim
SEP 14 · Day 1

Africa's richest man launches continent's biggest share sale

The Dangote refinery has a processing capacity of 650,000 barrels per day.

Nigeria is Africa's biggest oil producer.

The Dangote refinery is the seventh-largest in the world.

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