Dangote Refinery IPO: What Investors Need to Know as the ₦2.15 Trillion Offer Opens

The Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering (IPO) is set to open on Monday, September 14, 2026, offering eligible investors an opportunity to participate in one of the most significant transactions in Nigeria’s capital market in recent years.

With 4.1 billion ordinary shares being offered at ₦525 per share, the Offer is expected to raise approximately ₦2.15 trillion if fully subscribed. The Offer is scheduled to close on October 13, 2026, with the shares proposed for listing on the Main Board of the Nigerian Exchange (NGX).

For investors considering participation, understanding the structure of the Offer, what the proceeds will support, and how to access the transaction is as important as the headline numbers.

What is the Dangote Refinery IPO?

The Offer is being undertaken by Dangote Petroleum Refinery and Petrochemicals FZE, which owns and operates the integrated Dangote Refinery and petrochemicals complex in Lagos.