Peter Obi backs Dangote refinery IPO, urges Nigerians to invest
The 2027 presidential candidate of the Nigeria Democratic Congress, Peter Obi, has encouraged Nigerians to invest in the Dangote Petroleum Refinery IPO. Read More: https://punchng.com/peter-obi-backs-dangote-refinery-ipo-urges-nigerians-to-invest/
Peter Obi, the 2027 presidential candidate of the Nigeria Democratic Congress, has urged Nigerians to invest in the IPO of the Dangote Petroleum Refinery and Petrochemicals. The 2.15tn Naira offer, which commenced on Monday, September 14, 2026, allows retail, institutional and eligible African investors to acquire shares in the refinery located in Lekki Free Zone, Lagos.
Obi praised Alhaji Aliko Dangote's investment, stating that it validates the need for Nigeria to transition from a consumption to a production-based economy. He also encouraged other businesses to invest in productive sectors and allow citizens to participate in company ownership through public offerings. The IPO, comprising 4.1 billion new ordinary shares, closes on October 13, 2026.
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