Dangote Refinery Launches ₦2.15 Trillion IPO, Opens September 14
Dangote Petroleum Refinery has officially launched its ₦2.15 trillion Initial Public Offering (IPO), giving Nigerians and other African investors an opportunity to own a stake in one of Africa’s biggest industrial projects.
The offer consists of 4.1 billion shares priced at ₦525 each, with investors able to subscribe for as few as 10 shares, worth ₦5,250. The offer is expected to open on September 14, 2026.
The IPO is expected to help fund the refinery’s planned expansion, with Dangote targeting capacity of 1.4 million barrels per day.
