Dangote Refinery Opens ₦2.15 Trillion IPO on Nigerian Exchange
Article excerpt
Lagos - Dangote Petroleum Refinery and Petrochemicals has officially opened its initial public offering on the Nigerian Exchange (NGX), marking the largest share offering in the country’s capital market history. The subscription window, which launched on September 14, 2026, will remain open until October 13, 2026. The company is offering 4.1 billion ordinary shares priced at ₦525 per share. If fully subscribed, the offering is projected to raise ₦2.15 trillion (approximately $1.63 billion) and w
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The company’s management has guided towards a potential dual listing on both the NGX and the London Stock Exchange in the second quarter of 2027.
