Africa’s richest man aiming to make $23bn from continent’s biggest-ever IPO

Public offering of Aliko Dangote’s Nigerian oil refinery business could swell his net wealth by two-thirds

The fortune of Africa’s richest person could swell by two thirds to nearly $60bn (£44bn) after his refinery in Nigeria listed publicly in the continent’s biggest-ever initial public offering.

If Monday’s flotation of Dangote Petroleum Refinery and Petrochemicals on the Nigerian exchange goes to plan, then Aliko Dangote will add a further $23bn (£17bn) to his $35bn net worth.

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