Dangote Refinery Launches Africa’s Largest-Ever Public Share Sale At ₦2.15 Trillion

Dangote Refinery Launches Africa’s Largest-Ever Public Share Sale at ₦2.15 Trillion The historic signing ceremony for the Dangote Petroleum Refinery’s Initial Public Offering IPO has officially concluded at Eko Hotels in Lagos, marking a major milestone in Nigeria’s capital market and the continent’s financial history.

The landmark deal, valued at ₦2.15 trillion $1.6 billion, represents the launch of what has been described as Africa’s largest-ever public share sale. Under the offer, a total of 4.1 billion ordinary shares in Dangote Petroleum Refinery will be offered to investors at ₦525 per share. The official application list is scheduled to open on September 14, 2026, and will remain open for exactly 25 days, closing on October 9, 2026. The offering is also structured to allow everyday Nigerian investors to participate, with the minimum subscription set at 100 ordinary shares, valued at ₦52,500. Investors wishing to subscribe beyond the minimum can do so in multiples of 50 shares, providing retail investors with an opportunity to take part in one of the biggest capital-market transactions in Africa. The IPO is expected to attract significant attention from both institutional and retail investors, given the strategic importance of the Dangote refinery to Nigeria’s energy sector and the wider African petroleum market.The development further underscores the growing role of Nigeria’s capital market in mobilising domestic and international investment for major industrial assets. With the application window set to open on September 14, prospective investors are expected to closely study the offer documents and subscription requirements ahead of the commencement of the public offer.