Things to Know About the Dangote Refinery IPO

Dangote Petroleum Refinery has opened its archetypal nationalist connection to investors. Here are the cardinal details.

1. The institution is seeking astir ₦2.15 trillion

The connection comprises 4.1 cardinal mean shares priced astatine ₦525 each. If afloat subscribed, it volition rise astir ₦2.15 trillion.

2. The connection runs for 1 month

The IPO opened connected Sept. 14, 2026, and is scheduled to adjacent connected Oct. 13, 2026.

3. Investors tin commencement with ₦5,250

The minimum subscription is 10 shares. At ₦525 per share, eligible investors tin enactment with ₦5,250.

4. The IPO volition broaden ownership of the refinery

Aliko Dangote described the transaction arsenic an “IPO for the people.”

 Its debased introduction constituent is intended to springiness Nigerians crossed antithetic income and nonrecreational groups an accidental to ain shares successful the business.

5. The transaction could reshape Nigeria’s superior market

FCMB Group Chief Executive Ladi Balogun said the connection could fortify the Nigerian Exchange and enactment its ambition to go Africa’s largest and astir applicable capita...