Africa’s richest man says refinery shares could rise nineteenfold, but that would value the company near $1 trillion — Live Feedhttps://www.live-feeds.com/feed/africa-s-richest-man-says-refinery-shares-could-rise-nineteenfold-but-that-would-value-the-company-near-1-trillionContinuously updated, source-cited coverage. Dangote Launches Africa's Largest IPO for Oil Refineryhttps://www.live-feeds.com/feed/africa-s-richest-man-says-refinery-shares-could-rise-nineteenfold-but-that-would-value-the-company-near-1-trillionhttps://www.live-feeds.com/feed/africa-s-richest-man-says-refinery-shares-could-rise-nineteenfold-but-that-would-value-the-company-near-1-trillion#u68905Tue, 15 Sep 2026 11:25:11 +0000Nigerian billionaire Aliko Dangote has launched an initial public offering for his massive oil refinery, marking the largest share sale in African history. The landmark public offering opens public ownership in the giant facility to ordinary retail investors. Dangote turned to fintech platforms to make the offering accessible to the public, aiming for ten million ordinary Africans to own a piece of the refinery. The massive stock debut could increase the billionaire's personal fortune by as much as $23 billion, according to financial reports.Why it mattersThe public share offering brings