Investors have committed $400 million to a planned initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, the continent’s largest crude oil processing plant, which is raising money to expand the facility.

Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-08-18/dangote-s-nigeria-refinery-secures-400-million-ahead-of-2-billion-ipo)

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