Aliko Dangote has announced plans to list 10% of his $20 billion refinery on the Nigerian Exchange by 2026, marking a major step toward opening the megaproject to public investors. The move comes alongside discussions with regulators to allow dividends to be paid in US dollars. This unique structure, designed as a hedge against currency volatility, would enable investors to buy shares in naira but receive dollar payouts. Backed by an expected $6.4 billion in export earnings from petrochemicals and fertilizer, the dollar-dividend plan aims to provide reliable hard-currency returns. The announcement, made during the Dangote Vision 2030 unveiling in Lagos, also highlighted ambitious targets to grow group revenue to $100 billion and push market capitalization above $200 billion by the end of the decade.
Nairametrics
