Dangote Plans to List Africa’s Biggest Oil Refinery by Next Year

Aliko Dangote, Africa’s richest person, plans a stock listing for his Nigerian crude oil refinery by the end of next year to widen the company’s investor base.

The billionaire also plans this year to list the group’s urea plant, which has a capacity to produce 2.8 million tons of the crop nutrient per annum, Dangote told the African Export-Import Bank’s annual general meeting in Nigeria’s capital, Abuja, on Friday.

The oil facility can processes 650,000 barrels of crude a day, making it the continent’s biggest refinery.

Aliko Dangote.

Photographer: Jason Alden/Bloomberg

Nigeria’s downstream regulator and fuel marketers have accused Dangote of seeking to ...