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Forbes values Aliko Dangote at $51.7 billion, more than the combined wealth of South Africa's eight billionaires, while Bloomberg's index puts his fortune at $35.7 billion.
Kenya's High Court has certified as urgent a petition seeking disclosure of the money, land and guarantees behind the state's stake in Dangote's Lamu refinery.
Aliko Dangote's refinery has stopped selling petrol to Nigerian marketers who import fuel, accusing them of blending its product with lower grades
Chris Iyovwaye went from auxiliary nurse to founder of Wellmann Group, an oil services firm reporting over $20 million in yearly turnover.
Aliko Dangote has picked Honeywell for a $300 million role in his $16 billion Kenya refinery, reusing Lekki designs to save nearly two years.
Aliko Dangote is targeting 10 million retail investors for his refinery's $1.6 billion IPO, nearly four times the 2.7 million Nigerians who currently trade shares.
Dangote's refinery ran at 105% of capacity in August, supplying 71% of Nigeria's petrol and cutting diesel imports by more than 80%.
Nigeria earned $750 million from petrol exports in the first half of 2026, a sixfold rise that analysts credit to Dangote's refinery and the Iran war.
Dangote Industries has bought 4,000 more construction machines, taking its fleet to 6,500, as work begins to double the Lekki refinery to 1.4 million barrels a day.
Nigeria's trade minister says Aliko Dangote's refinery IPO could add $60 billion to the Nigerian Exchange, though analysts value the plant closer to $49 billion.
Dangote's refinery raised its private placement at two and a half times cover and handed back about $1.2 billion. The IPO that opened in Lagos on Monday is not about the money, Aliko Dangote said, but about who gets to own the asset.
Dangote refinery has secured at least 16 million barrels of Nigerian crude for October, roughly 520,000 barrels a day. Feedstock supply is the question facing investors when the $1.55 billion offer opens on Monday.
A Lagos court has extended an order barring Nigeria's petroleum regulator from Dangote's refinery, four days before its share offer opens.
Dangote Petroleum Refinery reported $1.82 billion of net income and $2.60 billion of EBITDA in the first half of 2026, ahead of its IPO.
Aliko Dangote signed IPO documents in Lagos on Monday. The offer runs Sept. 14 to Oct. 13, selling 4.1 billion shares at N525 each.
Nigeria's oil refining grew 43.94% in the second quarter, its strongest on record, as Dangote took 52.6 million barrels of crude.