Dangote Refinery IPO Opens for Public Investment in 2026

The Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals is set to open for subscription on September 14, 2026, and will close on October 13, 2026. This IPO invites Nigerians and other investors to purchase shares in one of Africa's largest industrial projects, with a total of 4.1 billion ordinary shares priced at N525 each.

The minimum subscription is 10 shares, allowing investors to start with N5,250, excluding transaction charges. Alhaji Aliko Dangote, President of Dangote Industries Limited, described the IPO as an opportunity to democratize ownership, enabling ordinary Nigerians to become shareholders in the refinery.

He emphasized the importance of simplifying the subscription process through BVN integration and digital channels to facilitate participation. The IPO is supported by several issuing houses, including Vetiva Advisory Services Limited, CardinalStone Partners Limited, and Comercio Partners, with subscriptions available through platforms like i-invest, backed by Parthian Securities Limited.