Financial News

Dangote Petroleum Refinery gets SEC approval for IPO at N525 per share

07 Sep, 2026

Dangote Petroleum Refinery and Petrochemicals has obtained approval from the Securities and Exchange Commission (SEC) for the Initial Public Offering (IPO), with the company offering 4.1 billion ordinary shares at N525 each. According to a statement issued by the Dangote Group, the offer could raise approximately N2.15 trillion if fully subscribed, The SEC’s approval now clears the way for the next stages of the offering....................….......READ MORE