Otedola To Invest $100m In Dangote Refinery - Business

Otedola To Invest $100m In Dangote Refinery - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Otedola To Invest $100m In Dangote Refinery (8787 Views)

Otedola To Invest $100m In Dangote Refinery by dre11(op): 9:16pm On May 20

by Olalekan Fakoyejo

Femi Otedola, chairman of First HoldCo, has revealed he will invest $100 million in Dangote refinery.

He announced his plans on Wednesday after leading top executives of First HoldCo to Dangote refinery.

Otedola’s planned investment is part of the $2 billion private placement Dangote refinery is targeting from private investors ahead of the initial public offering (IPO), which has no date yet.

“From on a personal note, I’ve appealed to him (Aliko Dangote). I’ve been here with him 25 times, so my compensation is he’s going to allocate to me shares worth $100 million in the private placement,” the billionaire said.

“That’s one of the reasons why I sold my stake in Geregu plant to come and invest my proceeds in the IPO of Dangote refinery.”

Dangote, on October 22, 2025, said the refinery could sell up to 10 percent stake in the listing, which Bloomberg valued to be about $5 billion.

The billionaire is planning to make the IPO a cross-border listing to enable the refinery draw investments from domestic and international investors.

In an earlier report, Dangote said the IPO is designed to democratise wealth creation and give Africans direct access to participate in the continent’s industrial transformation.

On May 12, Bloomberg reported that the billionaire is reportedly aiming for a valuation of up to $50 billion for Dangote refinery.

https://www.thecable.ng/breaking-otedola-to-invest-100m-in-dangote-refinery/#google_vignette

13 Likes

Re: Otedola To Invest $100m In Dangote Refinery by Daniluv1(m): 9:42pm On May 20

We must not die poor in Jesus name somebody help me say amen

See money Chai

41 Likes 3 Shares

Re: Otedola To Invest $100m In Dangote Refinery by Gotocourt: 9:42pm On May 20*

100,000,000 US Dollar = 140,000,000,000 Nigerian Naira
140Billion naira.

Omorr, no b small funds ooooo

17 Likes

Re: Otedola To Invest $100m In Dangote Refinery by KingAzubuike(f): 9:42pm On May 20

The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

17 Likes

Re: Otedola To Invest $100m In Dangote Refinery by datola: 9:43pm On May 20

Does he have a choice huh

Dangote has taken over his oil business.

15 Likes 1 Share

Re: Otedola To Invest $100m In Dangote Refinery by Toppas(m): 9:43pm On May 20

Walahi rich stil be richer

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Re: Otedola To Invest $100m In Dangote Refinery by Smokeybrain(m): 9:43pm On May 20

Lemme start saving up..I must buy this shates

4 Likes

Re: Otedola To Invest $100m In Dangote Refinery by surijohn: 9:43pm On May 20

Omo money na water God bless my hustling

6 Likes

Re: Otedola To Invest $100m In Dangote Refinery by SonOfDSoil01: 9:45pm On May 20

dre11:
https://www.thecable.ng/breaking-otedola-to-invest-100m-in-dangote-refinery/#google_vignette

Otedola with the money……….silent billionaire wey no Dey make noise unlike some noise makers, ndi money na water people wey Forbes no even recognise grin

19 Likes 1 Share

Re: Otedola To Invest $100m In Dangote Refinery by Melagros(m): 9:45pm On May 20

COMRADES, a financial analyst once said, if you have $3m in your account you'll live comfortably like the richest person in the world
Congratulations to Otedola

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Re: Otedola To Invest $100m In Dangote Refinery by BarrElChapo(m): 9:47pm On May 20

Obviously you invest where you are sure that your money will be multiplied x1000

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Re: Otedola To Invest $100m In Dangote Refinery by Precious201010(m): 9:52pm On May 20

Gotocourt:
100,000,000 US Dollar = 78,000,000,000 Nigerian Naira
78Billion naira.

Omorr, no b small funds ooooo

it's more than that... Dollar is above 1,000 Naira, a million dollars is above 1 billion Naira, so 100 million dollars is more than 100 billion Naira.

8 Likes

Re: Otedola To Invest $100m In Dangote Refinery by INTEGRITYA1(m): 9:52pm On May 20

Rich keep getting richer through viable investment opportunities while poor keep complaining.

Inside life.

Re: Otedola To Invest $100m In Dangote Refinery by Dogalmighty17: 9:53pm On May 20

Dangote, on October 22, 2025, said the refinery could sell up to 10 percent stake in the listing, which Bloomberg valued to be about $5 billion.

In less than 2 years of operation, that refinery is now worth 50 billion dollars if we are to believe Bloomberg. See how the rich multiply wealth. It is astonishing.

6 Likes

Re: Otedola To Invest $100m In Dangote Refinery by oluwaseunamos33(m): 9:54pm On May 20

Chicken change for my side

1 Like

Re: Otedola To Invest $100m In Dangote Refinery by Bimpe29(m): 9:56pm On May 20

Allahu Akbar! That is really huge and strategic investment.

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Re: Otedola To Invest $100m In Dangote Refinery by GreenCovering: 9:58pm On May 20

Does that mean that only him wants to corner the lion's share of the IPO on offer?

4 Likes

Re: Otedola To Invest $100m In Dangote Refinery by Gotocourt: 10:00pm On May 20

Precious201010:
it's more than that... Dollar is above 1,000 Naira, a million dollars is above 1 billion Naira, so 100 million dollars is more than 100 billion Naira.

Have corrected it, thanks.

1 Like

Re: Otedola To Invest $100m In Dangote Refinery by AAADE(m): 10:00pm On May 20

Gotocourt:
100,000,000 US Dollar = 140,000,000,000 Nigerian Naira
140Billion naira.

Omorr, no b small funds ooooo

Which exchange rate you use to do your own conversion?

1 Like 1 Share

Re: Otedola To Invest $100m In Dangote Refinery by TallNigerian: 10:01pm On May 20

I am just praying to God that before the IPO, I should be able to raise some substantial money en bloc (like 25-35m) that I can invest in DRL. In 10 years, the investment must have tripled. God help me o abeg

6 Likes

Re: Otedola To Invest $100m In Dangote Refinery by justtruth88miSt(f): 10:02pm On May 20

Approx 140,000,000,000. The money long oo

Baba bless me with money... Otedola oni orinmeji...

2 Likes

Re: Otedola To Invest $100m In Dangote Refinery by Basicend: 10:03pm On May 20

For Femi to want to expose himself of such huge amount to Dangote refinery, he surely have clear reports from Dangote and other sources of how liquid and profitable the project is.

Even considering that he is divesting his exposure from Geregu Power to this one, shows how viable the Dangote refinery plan is.

Nigerians that have the cash should consider investing massively too.

6 Likes

Re: Otedola To Invest $100m In Dangote Refinery by michlins(m): 10:05pm On May 20

Dogalmighty17:
Dangote, on October 22, 2025, said the refinery could sell up to 10 percent stake in the listing, which Bloomberg valued to be about $5 billion.

In less than 2 years of operation, that refinery is now worth 50 billion dollars if we are to believe Bloomberg. See how the rich multiply wealth. It is astonishing.

he will sell a part of the refinery and still retain his personal investment worth

Re: Otedola To Invest $100m In Dangote Refinery by ayusco85(m): 10:07pm On May 20

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

The common man should go and hustling, no easy way out of poverty

3 Likes 1 Share

Re: Otedola To Invest $100m In Dangote Refinery by zenburster: 10:13pm On May 20

KingAzubuike:
The rich are only friends with the rich, marry each other's sons and daughters off. Tell me, does the common man have any hope?

If you were rich, would you allow your daughter marry a poor man?

Ah ha!!!!

Now you have your answer.

"As the poor man suspects the rich man of doing jazz/using someone else's destiny. So is the rich man suspecting the poor man of witchcraft"

4 Likes

Re: Otedola To Invest $100m In Dangote Refinery by Dogalmighty17: 10:15pm On May 20

Basicend:
Nigerians that have the cash should consider investing massively too.

It will be a miracle for Dangote refinery shares to start at anything less than 10 dollars per share. I'm thinking they'll list first in the NYSE before even thinking about listing in the Nigerian stock exchange.

The Nigerian stock exchange is currently worth 75 billion dollars. For a single company worth more than 70% of the worth of the NSE to list, that's a hell of a lot.

5 Likes 1 Share