Like PenCom, South African pension fund queue for Dangote Refinery’s IPO
The planned IPO is expected to involve the sale of about 10 percent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
The planned IPO is expected to involve the sale of about 10 percent equity in the refinery through what the Dangote Group has described as a pan-African public offering.
From this group, three outstanding performers will receive mentorship and a ₦10 million seed capital grand prize, with full support to launch a beer distribution business.
Rabiu made the call on Thursday while speaking on “Africa at Scale: Capital, Policy and the Architecture of Growth” at the ongoing Africa CEO Forum in Kigali, Rwanda.
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Some of the biggest banks have also seen their profits boosted during the war in Iran.
• IVM Chairman, Dr Innocent Chukwuma (right) in a hearty mood with some delegates shortly after the launch of the Innoson Pan -African Prestige Club . The Chairman of Innoson Vehicle Manufacturing (IVM), Chief Dr. Innocent Chukwuma, announced the launch of the Innoson Pan-African Prestige Club, during the Opening Ceremony of the 2026 First Ordinary…
Photo: Aliko Dangote at the Africa We Build Summit 2026 – on Thursday in Nairobi, Kenya. Africa’s leading industrialist and President of the Dangote Group, Aliko Dangote, has said that the refinery in Lagos can be replicated in East Africa if given the right supports. He made the pledge at the infrastructure summit – the…
• Wale Edun, Minister of Finance The Federal Government in its revised import prohibition list, dated April 1, 2026, banned seventeen traded products for the protection of domestic industries and managing foreign exchange. The items categorised by the Federal Ministry of Finance carries significant implications for importers, clearing agents, and the general public, as it…
Dangote Sugar Refinery Plc profitability was weighed down by a foreign exchange loss of N46.7 billion and additional finance costs totaling N128.6 billion in financial year ended 2025. Dangote Sugar Chairman, Arnold Ekpe, told shareholders during the Company’s 20th Annual General Meeting held yesterday in Lagos. Arnold Ekpe said that the Group posted a turnover…
Olam Agri has opened a $50 million state-of-the-art soybean crushing plant and feed milling facility in Ilorin, Kwara State. Olam Agri also officially launched Mama’s Pride Soya Oil, a well-refined, heart-healthy cooking oil designed to meet the evolving nutritional needs of Nigerian households Anil Nair, country head and managing director, Olam Agri in Nigeria, said…