Dangote Refinery IPO Extension News

Dangote Group plans to extend the subscription deadline for its refinery’s IPO from October 13 to October 27, 2026, to accommodate more investors. The IPO, launched on September 14, offers 4.1 billion shares at N525 each, aiming to raise N2.15 trillion.

Dangote Petroleum Refinery has extended its initial public offering deadline to October 27, allowing more investors to participate. The IPO, which opened on September 14, is already four times oversubscribed, aiming to attract retail investors across Africa.

Dangote Petroleum Refinery and Petrochemicals extended its IPO by two weeks to enhance participation from African investors. The IPO, which opened on September 14 and was initially set to close on October 13, aims to raise over N2 trillion.

Dangote Petroleum Refinery's IPO has attracted subscriptions four times its target of N2.15tn, totaling approximately N8.61tn. The closing date has been extended to October 27 to allow more African investors to participate.