Obinna Chima, Editor, THISDAY Saturday
For many Nigerians, the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals may sound like another complicated transaction meant for wealthy investors, bankers and professionals in suits. But it is not.In simple terms, the proposed IPO, which opens on Monday, September 14, 2026, for subscription, and closes on Tuesday, October 13, 2026, is an invitation to Nigerians and other investors to buy a small piece of one of Africa’s largest and most ambitious industrial projects.
For the first time, ordinary Nigerians will have an opportunity to become shareholders in the refinery, which has already become a major feature of Nigeria’s economic landscape. Through the IPO, its ownership is being opened to a much wider group of investors.The proposed offer comprises 4.1 billion ordinary shares at N525 each, with a minimum subscription of 10 shares. This means that, at the offer price, an investor can start with N5,250, excluding any applicable transaction charges. Some of the issuing houses for the offer are Vetiva Advisory Services Limited, CardinalStone Partners Limited, Comercio Partners, among several others. Subscriptions to the Dangote Refinery IPO is also available through approved channels, including i-invest, the digital investment platform backed by Parthian Securities Limited, a joint stockbroker to the issue.
