President of Dangote Group, Aliko Dangote, says his refinery has attracted a swooping billion dollars in investment interest ahead of its planned Initial Public Offering in September 2026.
Dangote disclosed this during a recent visit by First HoldCo Chairman, Femi Otedola and the senior management of the financial institution to the 650,000-barrel-per-day refinery.
He said huge demand from both institutions and private investors has exceeded its intended size of placement ahead of the refinery’s listing on the Nigerian Exchange Market.
“We have a lot of demands in billions of dollars,” he said. “The advisers are still evaluating to see how much we are going to go to the market with,” he stated.
The billionaire business mogul said the group planned to surpass the massive $100 billion revenue target in four years.
This comes as Otedola announced a plan to invest $100 million in the Dangote Refinery.
The refinery, which currently serves the majority of Nigeria’s domestic fuel consumption, is at the final stage of public listing on NGX.
According to recent data by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the Lekki-Lagos-based refinery has achieved 99.12 percent capacity as of April 2026.
