Nigeria, Oct. 23 -- Africa's richest man, Aliko Dangote, has revealed plans to list a portion of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) next year, marking a major step in the company's strategy to expand production capacity and attract global investors.



Speaking with S&P Global, Dangote disclosed that between five and ten percent of the refinery's shares will be offered to the public, a move that mirrors the earlier listings of Dangote Cement and Dangote Sugar Refinery.

He said the group intends to retain about 65 to 70 percent ownership while gradually selling the rest, depending on market demand and investor confidence.



This planned share sale is part of a broader initiative to double the refinery's capac...