IPO: Dangote Refinery breaks Nigerian, African records, announces deadline extension

Dangote Petroleum Refinery and Petrochemicals FZE, DPRP has announced a two-week hold of the exertion play for its Initial Public Offering, IPO, pursuing support from the Securities and Exchange Commission, SEC, amid what has go 1 of the astir important superior marketplace offerings successful Nigerian and African history.

The IPO, which comprises 4,100,000,000 mean shares of US$0.000013 each astatine N525.00 per share, opened connected Monday, September 14, 2026, and was primitively scheduled to adjacent connected Tuesday, October 13, 2026. The exertion play volition present stay unfastened until Tuesday, October 27, 2026.

The hold follows exceptionally beardown involvement from a wide spectrum of eligible investors crossed Africa and planetary markets. Since the motorboat of the offer, capitalist information has underscored increasing assurance successful Dangote Refinery’s semipermanent maturation prospects and its strategical relation successful transforming Africa’s vigor landscape.

Speaking to journalists astatine the refinery connected Monday, President of the Dangote Group, Aliko Dangote, said: “The IPO is going precise well. We volition widen the closing day due to the fact that we privation much of our African brothers and sisters to participate.

“Following our discussions with the Nairobi Stock Exchange, we person identified what we judge is the champion mode to facilitate participation. We are present trying to replicat...