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) commenced on the Nigerian Exchange Limited (NGX) on September 14, 2026, marking a historic moment as the refinery becomes the first ever offered on the Nigerian stock market in its 66-year history. President Aliko Dangote initiated the process by sounding the NGX gong, emphasizing the refinery's significance as the largest supplier of jet fuel to Europe, for which he credited Nigeria's leadership under President Bola Ahmed Tinubu.
The IPO is valued at N2.15 trillion ($1.6 billion) and includes 4.1 billion ordinary shares, each priced at N525, aimed at attracting 10 million Nigerian investors.
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- Dangote’s networth could rise by $23 billion as refinery IPO begins nairametrics.com
