Dangote Petroleum Refinery is preparing for what is set to become the largest initial public offering in African history—a landmark moment for Nigeria’s capital market and African industrial investment. Following regulatory approval, the refinery will offer 4.1 billion shares at ₦525 ($0.40) each, potentially raising about ₦2.15 trillion ($1.63 billion). The offer is expected to run from September 14 to October 13, with trading potentially beginning on the Nigerian Exchange i

Nigeria’s stock market has become the world’s best-performing equity market in dollar terms in 2026, delivering a remarkable 67% return and outperforming 91 other exchanges. The rally marks a dramatic turnaround for a market long weighed down by currency instability and foreign exchange shortages, with a stronger naira and renewed investor confidence helping attract capital back into Africa’s largest economy. The resurgence has been fuelled by improving foreign exchange liqui

Africa’s push to build more resilient supply chains is increasingly extending beyond energy and into fertiliser—a critical input for food production that has become vulnerable to the same geopolitical risks affecting global oil markets. The Strait of Hormuz, through which a significant share of the world’s oil, natural gas, and petrochemical products pass, is also a key artery for fertiliser inputs. As tensions in the Middle East disrupt trade flows and raise costs, African g