World

Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

The Guardian Australia - World · 14 September 2026 at 10:38 pm

Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two thirds The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) after his refinery in Nigeria listed publicly in the continent’s biggest-ever initial public offering.

If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals goes to plan, then Aliko Dangote will add another $23bn (£17bn) to his $35bn net worth.

Read the full article on The Guardian Australia - World ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.theguardian.com — the content belongs to The Guardian Australia - World.

Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

More from The Guardian Australia - World

New spate of stabbings, overdoses and fires at Australian immigration detention centres run by ICE-linked US prison firm

ICJ judge Navi Pillay dedicates Nobel peace prize to ‘survivors of international crimes’ as Israel condemns award - live

EU ‘pulling out all stops’ with minerals projects as it tries to avert China trade war

Cop31 host urges wealthy countries to spend ‘much more’ on climate than defence

More in World

New spate of stabbings, overdoses and fires at Australian immigration detention centres run by ICE-linked US prison firm

ICJ judge Navi Pillay dedicates Nobel peace prize to ‘survivors of international crimes’ as Israel condemns award - live

EU ‘pulling out all stops’ with minerals projects as it tries to avert China trade war

Cop31 host urges wealthy countries to spend ‘much more’ on climate than defence

Thieves make off with €5m haul from prestigious Italian winery

Pro-Kremlin Russian military blogger Mikhail Zvinchuk arrested in Montenegro