Dangote: N100,000 Investment Could Yield Millions

Aliko Dangote, President of Dangote Industries Limited, announced that investors purchasing shares in Dangote Petroleum Refinery and Petrochemicals could potentially become millionaires within one to two years if the share price increases significantly. In an interview with Arise TV, he discussed the refinery's initial public offering (IPO) on the Nigerian Exchange, where shares are priced at N525 each.

Dangote expressed optimism that the share price could rise to between N5,000 and N10,000, depending on market conditions. He advised investors to hold their shares to benefit from dividends over time, emphasizing that dividends paid in dollars could protect against naira depreciation.

The IPO, which opened on September 14, 2026, and is set to close on October 13, 2026, offers 4.1 billion ordinary shares and has attracted significant investor interest, with a minimum subscription of 10 shares valued at N5,250. Dangote encouraged ordinary Nigerians and Africans to invest, framing the IPO as an opportunity for wealth creation.