Dangote Refinery Launches Historic IPO on September 14
On September 14, 2026, Dangote Petroleum Refinery & Petrochemicals FZE announced the commencement of its Initial Public Offering (IPO) at the Nigerian Exchange (NGX) in Lagos. This historic IPO offers 4.1 billion new ordinary shares priced at N525 per share, with a minimum subscription of 10 shares, totaling N5,250.
The offer is open until October 13, 2026, and aims to attract retail, institutional, and eligible African investors, with expectations to raise approximately N2.15 trillion. Aliko Dangote, President and Chief Executive of Dangote Industries Limited, emphasized the IPO's significance in democratizing ownership and enabling ordinary Nigerians and global investors to participate in a transformative industrial project.
Temi Popoola, Group Managing Director and CEO of Nigerian Exchange Group, remarked on the importance of the IPO for Nigeria’s capital market, highlighting the need for broader ownership in significant businesses.
Plus234Feed summary based on reporting from Sun Nigeria. Read the original report below.
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