Dangote Petroleum Refinery Launches ₦525 Share IPO

Dangote Petroleum Refinery & Petrochemicals FZE has launched its Initial Public Offering (IPO), which comprises 4.1 billion ordinary shares priced at ₦525 per share. Investors can purchase a minimum of 10 shares, with full payment required upon application.

The subscription period is from September 14 to October 13, 2026, and the shares are expected to be listed on the Nigerian Exchange Limited after the IPO concludes. Stanbic IBTC is acting as the Joint Lead Issuing House, Joint Stockbroker, and Receiving Bank for this offer.

The shares have been assessed as Shari’ah-compliant based on an independent assessment. Eligible retail investors may receive up to two additional shares at no extra cost if they maintain the prescribed minimum shareholding for the specified periods.

Interested investors can subscribe through the Stanbic IBTC Mobile App or Internet Banking, and must ensure they have the necessary identification and account information, including their NIN and BVN where applicable. Applications that do not meet the required procedures may be rejected.