Dangote Refinery IPO Could Yield N50m Profit for Investors

Aliko Dangote, President of Dangote Group, stated that the Dangote Refinery's Initial Public Offering (IPO) is priced at N525 per share and is expected to potentially increase to N10,000, representing a 1,804.76 percent rise. During an interview with Abis Fulani, he explained that investors who invest N5 million could see profits of N45 million if the share price reaches N10,000.

The IPO is scheduled to commence on September 14, 2026, and aims to prioritize small investors over large-scale investors. Dangote emphasized the potential wealth creation for small-scale investors, stating that an investment of N5 million could grow to over N50 million.

The refinery, which began operations in May 2023, reported revenues of approximately N19.47 trillion ($13.91 billion) and a Profit After Tax of about N2.55 trillion ($1.82 billion) in the first half of 2026.