Dangote Refinery Launches N525 Public Offer on NGX

On September 14, 2026, the public offer for Dangote Petroleum Refinery and Petrochemicals commenced on the Nigerian Exchange (NGX), with shares available at N525 each. Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, inaugurated the offer by ringing the opening bell at the NGX trading floor in Lagos.

This event is significant as it marks the first time in the 66-year history of the Nigerian Exchange that a refinery has opened its shares to public subscription. The offer includes 4.1 billion new ordinary shares, allowing both retail and institutional investors, as well as eligible investors across Africa, to acquire stakes in the refinery.

The minimum subscription is set at 10 shares, requiring an investment of N5,250. The offer is scheduled to close on October 13, 2026.

Dangote stated that this initiative is part of a broader effort to enhance public ownership of his companies, with the launch attended by notable figures, including Lagos State Governor Babajide Sanwo-Olu.