Aliko Dangote targets September London listing for Dangote Cement in busiest year of his business life
Aliko Dangote told the Financial Times that Dangote Cement is targeting a London listing by September with three major banks already appointed.
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Aliko Dangote told the Financial Times that Dangote Cement is targeting a London listing by September with three major banks already appointed.
Aliko Dangote is planning a London listing of his $13 billion Dangote Cement business this year, reviving an attempt last shelved in 2018.
Aliko Dangote is exploring a Kenya-based investment vehicle that would let African savers across the continent pool capital directly into Dangote Group companies and collect dividends in US dollars.
Aliko Dangote revealed plans for a 20,000MW power project, a $20 billion dividend promise to African investors and confirmed his refinery has been tested beyond its 650,000 barrel nameplate capacity.
Dangote Petroleum Refinery has recalled around 800 engineers previously redeployed following a labour union dispute, granting a conditional pardon.
The Dangote Group has dismissed reports alleging a rift between Aliko Dangote and Tony Elumelu, threatening legal action against anyone spreading the claims.
Aliko Dangote's fortune climbed to $34 billion this week, lifted by his industrial empire and bold new refinery ambitions across the African continent.
Aliko Dangote's refinery supplies more than 95% of Nigeria's aviation fuel and has exported 1.1 billion liters to Europe, even as airlines say fuel middlemen are pushing prices up by 300%.
Aliko Dangote has pledged 95,000 skilled jobs as he scales his Lagos refinery to 1.4 million barrels a day, on track to overtake India's Jamnagar.
Forbes has valued Aliko Dangote at $30.3 billion for the first time, as his producing refinery closes a persistent gap between the world's two top wealth trackers.
Aliko Dangote pledged N550 million to build a student hostel at FUTO and donated N25 million to students while commissioning a clean energy lab in Owerri, Imo State.
Aliko Dangote has offered to build a refinery in Tanzania matching his Lagos plant's scale, with Kenya and Uganda backing the plan at a Nairobi infrastructure summit.
Aliko Dangote's net worth has climbed to $33.2 billion in 2026, a gain of $3.21 billion year-to-date, driven by his refinery's rising output and Nigeria's shift to net fuel exporter.
Aliko Dangote is preparing a pan-African IPO for his refinery, valued at up to $50 billion, targeting listings across multiple African exchanges as early as June 2026.
Shareholders of Aliko Dangote's sugar company have approved a N500 billion rights issue, one of the largest in Nigerian corporate history, to fund backward integration and expansion.
Aliko Dangote is expanding his Lagos refinery into high-margin chemicals including polypropylene, fertiliser and detergent ingredients as he targets 1.4 million barrels per day.