Africa Intelligence Brief — Friday, September 11, 2026

Rio Times · Africa Intelligence Brief September 11, 2026 Africa Intelligence Brief — Friday, September 11, 2026 Africa Intelligence Brief — Friday, September 11, 2026 Key Facts The offer. Dangote Petroleum Refinery & Petrochemicals is set to list 4.1 billion shares at ₦525 each on the Nigerian Exchange, an offer Reuters values at ₦2.15 trillion — about US$1.63 billion at roughly 1,320 naira to the dollar — with subscription opening on 14 September and running to 13 October after signing ceremonies in Lagos on Monday, and a market listing planned for later this year. The backer. A group of Nigerian banks has committed US$400 million to underwrite the sale, and Africa Confidential names Vetiva Capital as lead manager on a book built for both domestic institutions and small retail buyers. The catch. Africa Confidential cautions the listing may expose how much of the Dangote empire’s success

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