XLE & Oil

Investors From 119 Countries Pile Into Dangote’s Record Refinery IPO

OilPrice.com·Oct 27, 2026 · 8:30 AM CT
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The IPO of Nigeria's Dangote refinery has already hit its $1.6 billion target from domestic and retail investors, and international demand is expected to far exceed its $2.1 billion goal, sources told Bloomberg. Investors from 119 countries have piled in as Aliko Dangote pitches an "IPO for the people."

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