The Dangote Petroleum Refinery has opened its shares to the public in what has become one of Africa’s biggest initial public offerings.
The public offer started on September 14, 2026. It will run until October 13, 2026.
The company is offering 4.1 billion shares at ₦525 per share.
Investors can start with 10 shares. This means the minimum investment is ₦5,250.
Dangote IPO Shares Cost ₦525 Each
The Dangote IPO gives Nigerians and other eligible investors a chance to own a stake in the refinery.
Each share costs ₦525. Therefore, 10 shares will cost ₦5,250.
Investors who want to buy more shares can increase their order based on the terms of the public offer.
The company has designed the offer to make participation easier for retail investors.
Dangote Refinery Seeks ₦2.15 Trillion
The refinery is offering 4.1 billion shares as part of the IPO.
If the offer is fully subscribed, the company could raise about ₦2.15 trillion.
The money will support the refinery’s expansion plans.
Dangote also plans to increase the refinery’s production capacity in the coming years.
The refinery currently has a capacity of about 700,000 barrels of crude oil per day.
When Does the Dangote IPO Close?
The Dangote IPO opened on September 14, 2026.
Investors have until October 13 to submit their applications under the current offer period.
After the offer closes, the shares are expected to begin trading on the Nigerian Exchange later in the year.
Investors should check the official offer documents and use approved investment channels before submitting an application.
Why the IPO Is Important
The Dangote Refinery IPO is a major event for Nigeria’s capital market.
It gives members of the public an opportunity to invest directly in one of the country’s largest industrial projects.
The refinery has also changed Nigeria’s position in the petroleum products market.
Nigeria has traditionally depended heavily on imported refined petroleum products. However, the Dangote Refinery has started supplying products to the domestic and international markets.
Investors Should Understand the Risks
Buying shares does not guarantee a profit.
Share prices can rise or fall after a company becomes publicly traded. Investors should also consider the company’s financial results, market conditions and future plans before investing.
For that reason, potential investors should read the IPO documents carefully.
They should also use licensed brokers or approved investment platforms to complete their applications.
The Dangote IPO will remain open until October 13, giving eligible investors time to study the offer before deciding whether to participate.