Dangote Refinery raises $2.5bn in oversubscribed private placement ahead of Africa’s IPO

Saturday, 1 Aug 2026

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Dangote Refinery raises $2.5bn in oversubscribed private placement ahead of Africa’s IPO

Dangote Petroleum Refinery and Petrochemicals has raised $2.5 billion through a private placement of shares, attracting approximately $4 billion in investor demand — nearly double the amount ultimately raised.…

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