Dangote Refinery extends N2.15trn IPO deadline by 14 days
Dangote Refinery has extended the deadline for its initial public offering, IPO, by 14 days to give investors more time to invest in the mega refinery. The spokesperson of Dangote Group, Anthony Chiejina, confirmed the extension to DAILY POST on Monday. DAILY POST reports that Dangote Refinery’s IPO, priced at N525 per share and targeting […] Dangote Refinery extends N2.15trn IPO deadline by 14…
Dangote Refinery has granted investors an additional 14 days to participate in its initial public offering, IPO, aimed at raising N2.15 trillion ($1.6 billion). Anthony Chiejina, a spokesperson for Dangote Group, confirmed the extension to the news outlet DAILY POST on Monday. The IPO, launched on the Nigerian Exchange Limited (NGX) on September 14, 2026, initially closed on October 13, 2026.
The refinery, capable of processing 700,000 barrels per day, has already garnered considerable interest from Nigerians and other Africans hoping to invest in the venture.
The IPO, priced at N525 per share, requires a minimum subscription of 10 shares, amounting to an investment of N5,250 before additional charges. Dangote Group President, Aliko Dangote, stood to benefit financially from the IPO's success. The extension of the IPO deadline is expected to further encourage participation from 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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