Dangote Refinery Signs IPO Documents, Plans $14 Billion Expansion

Nigeria's Dangote oil refinery has signed documents for a landmark initial public offering, with the share sale set to launch on September 14. The company also plans a $14 billion expansion. Abu Dhabi's Adnoc is reportedly in talks to acquire stakes in the Dangote refinery and a Thai refinery. Nigerian investors are being advised on key details before the IPO.