Dangote Refinery IPO Opens as Nigeria Faces Monopoly Concerns

Dangote Petroleum Refinery launched Africa's largest-ever IPO on September 14, 2026, after cutting Nigeria's petrol imports from 400,000 to 83,000 barrels per day. But fuel prices have surged past 1,000 naira per litre since subsidy removal, and analysts warn market concentration may keep the benefits from ordinary Nigerians.