Aliko Dangote, President of Dangote Group, announced the upcoming listing of its refinery and fertilizer companies, Dangote Petroleum Refinery & Petrochemicals and Dangote Fertiliser Ltd., on the Nigerian Exchange (NGX) in the first quarter of 2025.
“Our joy lies in fostering self-sufficiency for Africa and promoting a circular economy where mutual growth is achievable,” said Aliko Dangote. “Our export strategy aims to alleviate foreign exchange pressures on the economy. We hope to list the refinery and fertilizer on the NGX by the first quarter of 2025.”
The 650,000 barrels per day (BPD) Dangote Refinery is Africa’s largest oil refinery, while the Dangote Fertiliser plant in Lekki is Africa’s largest granular urea fertilizer complex, with a production capacity of 3 million mt/y.
Dangote Group began as a trading company in 1978 and has since expanded into a diversified conglomerate with investments spanning cement, agriculture, fertilizers, petrochemicals, oil and gas, auto assembly, and infrastructure.