The Dangote Petroleum Refinery and Petrochemicals FZE will open Africa’s largest-ever Initial Public Offering on Monday, September 14, 2026, giving Nigerians a chance to own equity in the refinery.
Dangote Group Chief Executive Officer, Aliko Dangote, signed the offer documents at a ceremony held at Eko Hotels and Suites, Victoria Island, Lagos, on Monday, September 7, 2026, alongside the advisers and issuing houses managing the sale.
The offer comprises 4.1 billion ordinary shares priced at N525 each, with the company targeting about N2.15tn to part-fund an expansion that would nearly double the refinery’s capacity to 1.4 million barrels per day.
Subscription opens at a minimum of 10 shares, costing N5,250.
Dangote said the low entry threshold was a deliberate choice to let ordinary workers — drivers, cooks and domestic staff among them — become shareholders, describing the offer as “the IPO for the people.”
