Dangote Refinery IPO: Europe should thank Tinubu, Nigeria for keeping planes flying – President

President of Dangote Group, Aliko Dangote, said Europe should thank Nigeria, under the leadership of President Bola Ahmed Tinubu, for keeping its planes flying.

Dangote made this disclosure on Monday as Dangote Refinery’s Initial Public Offering, IPO went live on the Nigerian Exchange Limited, NGX.

According to him, Dangote Refinery has been the largest supplier of jet fuel to Europe since August 2026.

“Dangote Refinery is the largest supplier of jet fuel to Europe. Europe must really thank Nigeria under the leadership of President Tinubu for keeping their planes flying. I’m very serious. Right from August, September, we sold out in terms of jet fuel, we have nothing to sell anymore, we only reserve that for Nigeria.”

DAILY POST reports that Dangote Refinery’s IPO is valued at N2.15 trillion, or $1.6 billion.

The refinery’s IPO comprises 4.1 billion ordinary shares, each with a nominal value of $0.000013, at an offer price of N525 per share, targeting 10 million Nigerian investors.