Dangote’s IPO heralds Nigeria’s $100 billion energy, mobility capital

On September 14, 2026, Dangote Petroleum Refinery and Petrochemicals opened what is being described as Africa’s largest Initial Public Offering (IPO), offering 4.1 billion shares at N525 apiece to raise roughly N2.15 trillion, about US$1.6 billion at an implied valuation of nearly US$47.6 billion. That number is extraordinary. But its real significance has little to […]