Dangote Refinery Launches N2.15trn IPO in Nigeria
On September 14, 2026, Dangote Petroleum Refinery & Petrochemicals FZE commenced its Initial Public Offering (IPO), a landmark event for Nigeria’s economic development and Africa’s capital markets. The IPO offers 4.1 billion new ordinary shares at N525 per share, with a minimum subscription of 10 shares, totaling N5,250.
The offer is expected to remain open until October 13, 2026. This transaction aims to raise approximately N2.15 trillion, making it one of the largest equity offerings in Africa.
Aliko Dangote, president and chief executive of Dangote Industries Limited, stated that the IPO represents a new chapter for the refinery and an opportunity for ordinary Nigerians and global investors to participate in a transformative industrial project. Temi Popoola, Group managing director and chief executive officer of Nigerian Exchange Group, emphasized the importance of broadening ownership and expanding access within Nigeria’s capital market through this IPO.
Plus234Feed summary based on reporting from Leadership Newspaper. Read the original report below.
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