Dangote Refinery IPO goes live on NGX
Dangote Refinery’s Initial Public Offering, IPO officially kicked off on the Nigerian Exchange Limited, NGX on September 14, 2026. The President of Dangote Group, Aliko Dangote, sounded the NGX gong as the 700,000-barrel-per-day refinery became the first refinery ever offered on the Nigerian stock market in the Exchange’s 66-year history. In his remarks, Dangote said the […] Dangote Refinery IPO…
Dangote Refinery's Initial Public Offering (IPO) officially commenced on the Nigerian Exchange Limited (NGX) on September 14, 2026. The Dangote Group's President, Aliko Dangote, sounded the NGX gong as the 700,000-barrel-per-day refinery became the first-ever refinery offered on the Nigerian stock market, marking a historic milestone for the Exchange in its 66-year existence.
Speaking at the event, Dangote emphasized that the refinery is Europe's largest supplier of jet fuel, crediting Nigeria's leadership under President Bola Ahmed Tinubu for maintaining the smooth operation of European planes. "Dangote Refinery is the largest supplier of jet fuel to Europe. Europe must really thank Nigeria under the leadership of President Tinubu for keeping their planes flying, I’m very serious.
Right from August, September, we sold out in terms of jet fuel, we have nothing to sell anymore, we only reserve that for Nigeria," Dangote stated. The IPO value of Dangote Refinery stands at N2.15 trillion, or $1.6 billion. The offering consists of 4.1 billion ordinary shares, each priced at $0.000013, with an offer price of N525 per share, aiming to attract 10 million Nigerian investors.
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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