Dangote Refinery has outlined a dividend framework for the deliberate itemizing of its multibillion-dollar refinery, confirming that shareholders will obtain payouts in U.S. {dollars} as soon as the corporate debuts on the Nigerian Trade in 2026.
The construction kinds a part of a broader capital-market technique designed to distinguish the refinery forward of its preliminary public providing and appeal to each home and offshore buyers looking for secure hard-currency returns.
In keeping with the Group, the dollar-denominated dividends shall be supported by an export pipeline projected to generate $6.4 billion yearly from petrochemical merchandise.
The refinery’s petrochemical items, which embody polypropylene and fertiliser operations, are anticipated to anchor this income stream and supply the foreign-exchange inflows required to maintain hard-currency distributions.
The corporate is working with the Nigerian Trade and the Securities and Trade Fee to finalise the regulatory framework for the providing, which can embody the sale of a ten % stake within the refinery and petrochemicals advanced.
The transaction shall be one of many largest listings within the historical past of the home market and is positioned to reshape investor participation in Nigeria’s downstream and petrochemical sectors.
Dangote Group mentioned the ability’s scale and export capability underpin the arrogance behind the dividend mannequin.
The 650,000-barrel-per-day refinery, which commenced phased manufacturing earlier within the yr, is central to nationwide plans to deepen native provide, scale back import dependence, and strengthen foreign-exchange earnings.
The corporate additionally disclosed an enlargement plan that can elevate output to 1.4 million barrels per day inside three years.
The refinery IPO is included in a long-term development roadmap that targets group income of $100 billion by 2030, considerably greater than present earnings.
Market analysts notice that the proposed dividend framework might set a brand new benchmark for issuers looking for to beat forex dangers within the Nigerian market by linking shareholder returns to export-driven cashflows.
The Group’s management maintains that the refinery is positioned to turn into a flagship inventory on the Trade as soon as listed, backed by the corporate’s market scale, export earnings, and ongoing enlargement initiatives.
Additional particulars of the providing construction and regulatory approvals are anticipated forward of the deliberate 2026 itemizing.
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