Will the Dangote Refinery IPO List Outside Nigeria?

1 min Read August 22, 2026 at 12:23 PM UTC

Short Answer

As of this writing, the refinery’s IPO is targeting a primary listing on the Nigerian Exchange (NGX), with some reports mentioning the possibility of listing across several African exchanges as well, though this hasn’t been confirmed with specific named exchanges or terms. There is no confirmed plan for the refinery itself to list on an exchange like the London Stock Exchange.

Don’t Confuse This With Dangote Cement’s Plans

It’s easy to conflate this with a separate, real story: Dangote Cement — a different, already NGX-listed company — has a publicly reported plan to pursue a secondary listing on the London Stock Exchange, targeted around September 2026, with named advisers (JPMorgan, Citigroup, Standard Bank). That plan belongs to Dangote Cement, not the refinery. If you’re specifically tracking the refinery IPO, an LSE listing hasn’t been confirmed as part of its plan.

What to Watch For

If the refinery’s IPO does end up involving multiple African exchanges, that detail should be confirmed in the company’s official prospectus once published. Until then, treat NGX as the confirmed primary venue, and any multi-exchange or international listing detail as reported but unconfirmed.

Dangote IPO

dangote refinery ipo list outside nigeria

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