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Dangote Refinery unveils N2.15trn IPO, targets 10m investors

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Dangote Refinery unveils N2.15trn IPO, targets 10m investors

08 Sep, 2026

Dangote Petroleum Refinery and Petrochemicals FZE has unveiled a N2.15 trillion Initial Public Offer (IPO) aimed at giving millions of Nigerians and other Africans an opportunity to own shares in the 700,000 barrels-per-day refinery. The offer comprises 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares, allowing investors to participate with as little as N5,250. The company is targeting about 10 million retail investors, which, if achieved, would significantly surpass the Nigerian capital market’s previous record of about 181,000 retail participants in a single transaction..................….......READ MORE