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The Guardian - UK
The Guardian - UK
World
Eromo Egbejule in Abidjan and agencies

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

Aliko Dangote IPO Africa Nigeria Lagos Oil
Aliko Dangote speaking into a microphone at a lectern
Aliko Dangote speaks at the Nigerian stock exchange in Lagos to launch the Dangote refinery IPO. Photograph: Sodiq Adelakun/Reuters

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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