Nigeria's Dangote Refinery Kicks Off Blockbuster IPO, Raising Questions About Access and Power Aliko Dangote, Africa's wealthiest man, has launched a massive initial public offering (IPO) for his Lagos refinery, listing 4.
1 billion shares on the stock exchange. This ambitious share sale is touted as the largest in African history, but beneath the hype lies a complex web of ownership and access.
Critics argue that Dangote's conglomerate prioritizes its own interests over those of the Nigerian state and citizens.