Dangote Refinery

4 million barrels per day. 100 million through an over-allotment option. 000 million dollars for the facility located on the outskirts of Lagos. With a current processing capacity of around 700,000 barrels per day, the plant has become a key component of Nigeria’s fuel market and one of Aliko Dangote’s main industrial assets. The offer will remain open until October 13, small investors can participate with a minimum of 10 shares through digital financial platforms enabled for the operation. This scheme allows Nigerian citizens to directly access the refinery’s capital, the offer is also available to institutional investors who meet the established requirements.

15 billion naira, due to its size, the operation places the Dangote refinery in the heart of the African capital market and strengthens the relationship between the energy sector and the Nigerian stock exchange. Currently, the Dangote refinery processes around 700,000 barrels of crude oil per day, since the start of its operations in 2024, the facility has increased the production of gasoline, diesel, and aviation fuel . A growing portion of these products is also destined for international markets, the refinery has shipped fuels to other African countries and expanded its presence in Europe through exports of jet fuel.

820 million during the first half of 2026, compared to losses of $476 million in all of 2025. A significant portion of the proceeds from the IPO will be allocated to the refinery’s expansion program. 4 million barrels per day. The company expects to reach that level by 2029, if the plan is completed as expected, the facility will double its current capacity and significantly increase the volume available for both the Nigerian market and for export. The expansion is also among the factors that potential shareholders evaluate, some retail investors find the scale of the plant attractive, although they also point to the risk of delays and higher costs during the execution of the works.

Meanwhile, the UAE’s state-owned oil company ADNOC has shown interest in investing in the refinery, so far, the terms of any potential transaction have not been publicly disclosed. Dangote is also exploring new refining projects outside Nigeria, including a facility valued at approximately $17 billion on Lamu Island, Kenya. The proposal envisions participation from East African governments through equity investments. Kenya is being considered for a 10% stake, valued at around $500 million. Investor response in the coming weeks will gauge acceptance of the valuation assigned to the Dangote refinery.

7 times the initially available volume. This track record raises expectations regarding demand for the new issue.