Dangote Petroleum Refinery and Petrochemicals has commenced its public offer on the Nigerian Exchange (NGX), with 4.1 billion new ordinary shares available to investors at N525 each. Dangote Industries Limited President and CEO, Aliko Dangote, formally opened the offer on Monday by ringing the opening bell at the NGX trading floor in Lagos. The N2.15 trillion offer marks the first time a refinery is being offered to investors on the Nigerian stock market in the NGX's 66-year history.
The offer is open to retail and institutional investors, as well as eligible investors across Africa; individuals can subscribe for a minimum of 10 shares, requiring N5,250. The offer opened September 14, 2026 and closes October 13, 2026. Dangote described the offer as the 'People's IPO' and said the group plans to list every single company that will operate. The ceremony was attended by Lagos State Governor Babajide Sanwo-Olu, NGX Group chairman Umaru Kwairanga, the Ooni of Ife Oba Adeyeye Ogunwusi, Zenith Bank founder Jim Ovia, and other business and capital market leaders. Video via X: https://x.com/Starpotternews/status/2099459285327520172
