Dangote's Lekki refinery set for Africa's largest IPO on Lagos exchange

The Lekki refinery, owned by Aliko Dangote, is scheduled to list on the Lagos Stock Exchange on September 14, 2026, in what is expected to be Africa's largest IPO. The listing is driven by strong profit growth and a favorable global geopolitical environment, though the exact valuation and investor demand remain to be seen. This marks a significant milestone for Nigeria's downstream oil sector and could attract substantial foreign investment.