Dangote Launches ₦2.15 Trillion IPO for Refinery
Aliko Dangote, Chief Executive Officer of Dangote Group, announced the release of ₦2.15 trillion for an Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The IPO will consist of 4.1 billion ordinary shares priced at ₦525 each, with a minimum subscription requirement of 10 shares, totaling ₦5,250.
The signing ceremony took place at Eko Hotels in Lagos on September 7, 2026. This IPO is noted as Africa’s largest public share sale to date.
The official application list for the IPO will open on September 14, 2026, and will remain open for 25 days, closing on October 9, 2026. Everyday investors can participate with a minimum subscription of 100 shares, valued at ₦52,500, and can purchase additional shares in multiples of 50.
Dangote described the offering as “the IPO for the people,” aimed at enabling subscribers to build their future savings through investment.
Plus234Feed summary based on reporting from The Authority. Read the original report below.
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