The Dangote Refinery has hit an eye-watering $39.1 billion valuation following a major private placement.
As the refinery aggressively ramps up domestic petrol supply, this massive private backing signals intense investor confidence in Nigeria’s energy independence.
This massive valuation surge aligns with growing anticipation for the company’s public listing, especially after Nigerian Music Superstar, Davido, sparked a social media buzz by posting and deleting a blank Dangote Refinery IPO application form showing a starting price of $0.35.
