After investors placed $4.78 billion in orders for Dangote’s refinery, Africa’s largest oil producer’s state oil giant weighs selling up to 10% and listing in London or New York

Nigeria’s state-owned energy company is considering offering an initial 5% to 10% stake to public investors, with a possible listing in London or New York. The proposal comes as investor orders for Dangote’s refinery reached $4.78 billion. If pursued, the sale could broaden investment access to a major Nigerian energy business, making it a significant development for investors in Africa and the diaspora.

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