Nigerians Can Invest in Dangote Refinery IPO Starting Now

Dangote Petroleum Refinery and Petrochemicals has launched an initial public offering (IPO) that allows Nigerian investors to participate with a minimum subscription of N5,250. The IPO, which opened on September 14, 2026, offers 4.1 billion ordinary shares priced at N525 each, with a total potential value of approximately N2.15 trillion if fully subscribed.

The offer is set to close on October 13, 2026. Ladi Balogun, Chief Executive of FCMB Group, stated that this initiative provides Nigerians access to a world-class business, showcasing the expanding capabilities of the country’s capital market.

He noted that the market is increasingly attracting a diverse range of investors, including retail, high-net-worth individuals, institutional investors, and international participants. Balogun emphasized that the refinery is largely insulated from macroeconomic and currency risks, indicating a positive outlook for credible Nigerian companies seeking to raise capital.