TRENDING

FG signs ₦729bn bond agreement with GenCos • ASUU gives final strike notice to Taraba govt • Ajadi rallies APM stakeholders ahead of 2027 • Are Manchester United as poor as the early Premier League table suggests? • EPL: ‘No hope for them’ – Petit names two clubs that won’t finish top four • JAMB changes 2027 UTME first-session arrival time • Jos killing: Miyetti Allah reacts, warns against unverified allegations • Emmy Awards 2026 Winners [FULL LIST] • Police, military alert over planned attacks on schools, NYSC camps • CBN bags NES Award for economic reforms • Trump declines appeal to pardon mother accused of killing three children • DIG Masengeli denied PhD by USIU, asks court to stop graduation • Aiyedatiwa’s new SSA pledges to justify governor’s confidence • Zamfara Records 367 Confirmed Diphtheria Cases, 320 Recover • ‘Widow’s Bay,’ ‘The Pitt’ Win Big At Emmy Awards • ‘This is not the Tinubu we knew as Lagos Governor’ — Buhari’s ex-minister, Dalung • Tinubu, Trump meeting in ‘limbo’ as US lobbyist raises fresh questions • Wadau wasaka msukumo mpya mafunzo kwa walimu • Dangote IPO: Vetiva emerges lead adviser • DHL Express launches Domestic Select to support growing businesses and domestic trade in Nigeria • FG signs ₦729bn bond agreement with GenCos • ASUU gives final strike notice to Taraba govt • Ajadi rallies APM stakeholders ahead of 2027 • Are Manchester United as poor as the early Premier League table suggests? • EPL: ‘No hope for them’ – Petit names two clubs that won’t finish top four • JAMB changes 2027 UTME first-session arrival time • Jos killing: Miyetti Allah reacts, warns against unverified allegations • Emmy Awards 2026 Winners [FULL LIST] • Police, military alert over planned attacks on schools, NYSC camps • CBN bags NES Award for economic reforms • Trump declines appeal to pardon mother accused of killing three children • DIG Masengeli denied PhD by USIU, asks court to stop graduation • Aiyedatiwa’s new SSA pledges to justify governor’s confidence • Zamfara Records 367 Confirmed Diphtheria Cases, 320 Recover • ‘Widow’s Bay,’ ‘The Pitt’ Win Big At Emmy Awards • ‘This is not the Tinubu we knew as Lagos Governor’ — Buhari’s ex-minister, Dalung • Tinubu, Trump meeting in ‘limbo’ as US lobbyist raises fresh questions • Wadau wasaka msukumo mpya mafunzo kwa walimu • Dangote IPO: Vetiva emerges lead adviser • DHL Express launches Domestic Select to support growing businesses and domestic trade in Nigeria

September 15, 2026|07:23

Back to Home

Aliko Dangote

Dangote’s fortune hits $51bn after refinery IPO raises N1.5tn on NGX

Daily Post about 3 hours 1 mins read

The President of Dangote Group, Aliko Dangote’s fortune rose to $51 billion after Dangote Refinery’s Initial Public Offering, IPO, officially kicked off at the Nigerian Exchange Limited, NGX.

This is according to Forbes data released on Monday.

With the revaluation of Dangote’s fortune, Africa’s richest man is now the 36th-richest person in the world.

DAILY POST reports that Dangote Refinery’s IPO raised N1.5 trillion in its first six hours after opening on the NGX.

Dangote Refinery is seeking to raise N2.15 trillion through to boost its expansion plans.

The refinery’s IPO comprises 4.1 billion ordinary shares, each with a nominal value of $0.000013, at an offer price of N525 per share, targeting 10 million Nigerian investors.

Dangote’s fortune hits $51bn after refinery IPO raises N1.5tn on NGX

This article was sourced from an external publication.

Share this article