Dangote Refinery IPO Set to Open Soon for Investors

Aliko Dangote confirmed on September 3, 2026, that the Initial Public Offering (IPO) for Dangote Petroleum Refinery will open within 10 to 12 days, with reports indicating that the order book is expected to open on September 14, 2026. The IPO could offer about 4.1 billion shares at a price around ₦525 per share, potentially making it the largest IPO in Africa's history.

The Dangote Petroleum Refinery, located in the Lekki Free Zone, Lagos State, was built at an estimated cost of $20 billion and is designed to process approximately 650,000 barrels of crude oil daily, with plans to increase capacity to about 1.4 million barrels per day. It produces various petroleum products for both domestic and export markets.

It is important for investors to note that shares of Dangote Petroleum Refinery will differ from those of other Dangote-linked companies currently trading on the Nigerian Exchange, such as Dangote Sugar Refinery Plc.