Dangote Refinery IPO Opens for Nigerians at N5,250

On September 7, 2026, Aliko Dangote, the Group Chief Executive of Dangote Petroleum Refinery and Petrochemicals FZE, announced that the minimum investment for the refinery's initial public offering (IPO) is N5,250, which allows the purchase of 10 ordinary shares. The IPO will consist of 4.1 billion ordinary shares priced at N525 each, targeting total proceeds exceeding N2 trillion.

Dangote emphasized that the low entry point is designed to include ordinary workers, such as drivers, cooks, domestic staff, and managers, in the ownership of the refinery. He described the offering as "the IPO for the people," intended to serve as a long-term savings vehicle for subscribers.

The IPO is scheduled to open for public subscription on September 14, 2026, following approval from the Securities and Exchange Commission (SEC) for a N2.15 trillion IPO and the issuance of 120.13 billion existing ordinary shares.