Nigeria’s Dangote refinery plans retail-focused IPO, no foreign listing for now

A view of the Mild Hydrocracking Unit (MHC) at the Dangote Petroleum Refinery in Lagos, Nigeria, July 20, 2024. REUTERS/Marvellous Durowaiye/File Photo

LAGOS, Aug 14 (Reuters) – Dangote Petroleum Refinery’s planned October IPO, which could become Africa’s largest, is designed to let Nigerians share in the company’s growth, its CEO told Reuters, adding that a foreign listing is at least three years away.