The Johannesburg Stock Exchange (JSE) has engaged with Nigeria’s Dangote Group, and a spokesperson told Reuters that the company could list its petroleum refinery in South Africa after a Nigerian IPO. A flame rises from a gas flare at the Dangote Industries oil refinery and fertiliser plant site in the Ibeju-Lekki district of Lagos, Nigeria. Image credit: Reuters/Sodiq Adelakun/File Photo“They will list in Nigeria first but with strong intent to hopefully bring the listing to South Africa," the JSE said in an emailed response to Reuters questions. Africa’s richest man, Aliko Dangote, built the refinery at a cost of roughly $20bn. The 650,000-barrel-per-day refinery is Africa’s largest, and Nigerian state oil firm NNPC holds a stake of just over 7%.