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Dangote Refinery Opens 4.1 Billion-Share IPO at ₦525 Each

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Courtroom-sketch editorial illustration of a solar calculator from a 2024 photograph, with its display left blank; symbolic economic context, not a calculation or figure from the report.
AI courtroom sketch of a solar calculator from a 2024 photograph, with its display left blank; symbolic economic context, not a calculation or figure from the report. Adapted from the credited reference. Solar calculator made in China.jpg — Suginami; CC0.

Dangote Petroleum Refinery and Petrochemicals opened a public offer of 4.1 billion ordinary shares at ₦525 each on September 14. The offer began at 8:00 a.m. in Lagos and is scheduled to close on October 13, 2026. Eligible investors may apply for a minimum of 10 shares, costing ₦5,250, through receiving agents approved by Nigeria’s Securities and Exchange Commission or through electronic application channels. The official offer site warns that share values may rise or fall and directs prospective investors to review the prospectus before applying.

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