# The Dangote Petroleum Refinery has officially filed its Initial Public Offering application with Nigeria’s Securities and Exchange Commission, targeting a primary listing on the Nigerian Exchange. It is projected to be the largest equity offering in African history, at approximately 653.4-billion-rand. The Johannesburg Stock Exchange is seeking to secure a secondary listing that could further elevate Africa’s largest refinery on the continent’s capital markets. Speaking to CNBC Africa, JSE CEO Valdene Reddy said Dangote Refinery is among a strong pipeline of prospective listings expected in the second half of the year.
Nigeria’s Dangote set to become Africa’s largest equity offering in proposed listing