Dangote refinery begins N2.15tn share offer today
Dangote Petroleum Refinery has commenced its Initial Public Offering (IPO), offering 4.1 billion shares at N525 each to raise approximately N2.15tn. Read More: https://punchng.com/dangote-refinery-begins-n2-15tn-share-offer-today/
On September 14, 2026, Dangote Petroleum Refinery & Petrochemicals FZE commenced its Initial Public Offering (IPO), offering 4.1 billion new ordinary shares at N525 per share. The IPO, which aims to raise approximately N2.15tn, is open to retail, institutional and eligible African investors, marking the first time ordinary Nigerians and global investors can own a stake in Africa's largest refinery.
The transaction will remain open until October 13, 2026. Dangote Refinery's IPO is a significant milestone in Nigeria's economic development and Africa's capital markets. The corporation's long-term growth plans, operational expansion, strategic investments, and value creation for shareholders and stakeholders are supported by the funds raised.
President and CEO of Dangote Industries Limited, Aliko Dangote, emphasized that the IPO aims to democratically expand ownership, strengthening the capital market and accelerating economic inclusion in Africa.
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