Dangote Refinery IPO: ‘Investors may receive N50m profit from N5m investment’
Aliko Dangote, President of Dangote Group, has said the Dangote Refinery Initial Public Offering, IPO at N525 per share could record a 1,804.76 percent increase to N10,000. He made this disclosure during interview with Abis Fulani, while speaking on the benefits of Dangote Refinery’s IPO, slated to take off on September 14, 2026. According to him, investors […] Dangote Refinery IPO: ‘Investors…
Aliko Dangote has revealed that an Initial Public Offering (IPO) of the Dangote Refinery could yield a substantial 1,804.76 percent return for investors, potentially increasing the share price from N525 to N10,000. Speaking with Abis Fulani, Dangote emphasized that the refinery aims to cater to small investors rather than large-scale ones.
He explained that if an investor initially places N5 million in the IPO at N525 per share, the value of their investment could reach N50 million if the share price reaches N10,000. Dangote reiterated that small-scale investors are given priority during the IPO process, as the company prepares for its listing on the Nigerian stock market.
The Dangote Refinery, which commenced operations in May 2023, generated a revenue of N19.47 trillion ($13.91 billion) and reported a Profit After Tax of N2.55 trillion ($1.82 billion) during the first half of 2026.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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