Nigerian billionaire Aliko Dangote is planning a pan-African initial public offering for what is being described as the continent's largest refinery project.

The proposed IPO would represent a significant capital-raising effort for the Dangote refinery, which has been positioned as a major energy infrastructure development for Africa.

Details about the timing, valuation, or specific stock exchanges for the planned offering were not immediately available. The refinery project has been under development as part of Dangote's broader industrial investments in Nigeria.

Dangote, one of Africa's wealthiest individuals, has built his fortune through cement manufacturing and other industrial ventures across the continent. The refinery represents his expansion into the energy sector.

A pan-African listing would potentially allow investors from multiple African markets to participate in the offering, though the specific structure and regulatory approvals required for such an approach remain to be detailed.