Dangote Refinery IPO Open as 4.1bn Shares Go for N525 Each

By: Kofoworola Olayinka

Dangote Industries oga, Aliko Dangote, don officially open di Dangote Refinery IPO on Monday, September 14, 2026, for NGX trading floor inside Lagos, making am di first refinery wey go public for Nigeria stock market in 66 years.

Dangote sound di closing gong to mark di start of di offer, as investors fit buy di 4.1 billion new ordinary shares wey dem price at N525 each.

Investors fit subscribe for minimum 10 shares worth N5,250, while di offer go close on October 13, 2026, according to di terms inside di prospectus.

Dangote say di public offer na part of efforts to allow more people own stake for dia companies, as retail, institutional and eligible African investors fit invest for Africa biggest refinery.