Dangote to Sell Refinery Shares to Nigerians, Offering Dollar Dividends

Aliko Dangote announces the sale of shares in his $20 billion refinery on the Nigerian Exchange by 2026, offering Nigerians the chance to earn dividends in dollars, a unique proposition. The move aims to provide local investors with a hedge against currency fluctuations and access to global investment opportunities.

Dangote Group projects revenue of $100 billion by 2030, marking a significant growth trajectory. The listing of the refinery is part of a larger expansion plan to position the conglomerate among the world's top 100 companies.