Dangote Lauds NGX Group for Capital Market Transformation

Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, commended the leadership of the Nigerian Exchange Group (NGX Group) for its role in transforming Nigeria's capital market during the Facts Behind the Offer presentation and Opening Gong Ceremony for the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, held on September 14, 2026, in Lagos. Dangote acknowledged the contributions of NGX Group Chairman Alhaji Umaru Kwairanga and Group Managing Director and Chief Executive Officer Temi Popoola in advancing the vision of the Exchange.

He described them as exceptional leaders and credited them for the Exchange's transformation. The Dangote Refinery IPO, marketed as an “IPO for the People,” consists of 4.1 billion ordinary shares priced at N525 each, with a minimum subscription of 10 shares valued at N5,250.

The offer is expected to close on October 13, 2026, and aims to raise approximately N2.15 trillion, providing opportunities for retail, institutional, and eligible African investors.