The Dangote Group has confirmed plans to list a portion of its multi-billion-dollar petroleum refinery on the Nigerian Exchange (NGX) Limited within the next year.
Chairman Aliko Dangote said the planned listing will involve the sale of between five and ten percent of the refinery’s shares to the investing public while maintaining a controlling ownership of roughly 65–70 percent.
The offering will mirror the group’s approach in bringing Dangote Cement Plc and Dangote Sugar Refinery Plc to the stock market—two listings that have grown into some of the NGX’s most capitalised companies.
According to Dangote, the move reflects the group’s long-term objective of broadening public participation in its industrial assets while enhancing transparency and access to equity financing. The listing process will be gradual and responsive to investor demand and market conditions.
Market observers view the announcement as a potentially transformative event for the Nigerian capital market. If executed, the refinery’s inclusion could significantly expand the NGX’s total market capitalisation and attract renewed interest from both domestic and foreign institutional investors seeking exposure to Nigeria’s downstream energy sector.
Beyond the listing, the Dangote Refinery is advancing plans to scale up its crude-processing capacity and deepen its global partnerships.
The company has indicated that it is open to strategic alliances with Middle-Eastern investors and global petrochemical partners as it broadens its operational footprint.
Analysts say the decision to float shares while retaining majority control demonstrates a measured balance between private ownership and market participation—a model that has served the Dangote Group well across its manufacturing and energy businesses.
The Dangote Petroleum Refinery, currently Africa’s largest single-train facility, has an installed capacity of 650,000 barrels per day and is expected to expand over time.
Its output is designed to meet Nigeria’s domestic fuel requirements while positioning the country as a regional export hub.
The planned public listing comes amid growing optimism about Nigeria’s industrial sector and the deepening of its capital markets.
Investors are expected to monitor the listing details closely once the group completes the necessary regulatory processes with the NGX and the Securities and Exchange Commission (SEC).
If completed, the transaction would represent one of the most significant new equity listings in Nigeria in over a decade—further cementing Aliko Dangote’s legacy as a leading driver of industrialisation and market growth in Africa.