Nigerian billionaire Aliko Dangote has launched an initial public offering (IPO) for roughly 3% of his Dangote oil refinery, seeking to raise as much as $2.1 billion. Dangote stated that he wants ordinary Nigerians to share in the success of the refinery, which began production in 2024 and now supplies over 70% of Nigeria's energy consumption. The IPO is expected to last for a month, with a minimum purchase of 10 shares, costing approximately $4.