05/09/2026
BREAKING: Dangote Refinery IPO Has Been Approved, with shares priced at ₦525 each.
The long-awaited Dangote Petroleum Refinery IPO has officially received the green light from the Securities and Exchange Commission (SEC).
And this could be a BIG one for the Nigerian capital market.
Below are the key details:
📌 Offer price: ₦525 per share
📌 Shares on offer: 4.1 billion ordinary shares
📌 Potential amount to be raised: About ₦2.15 trillion
📌 Expected opening date: Around September 14, 2026
According to my source, the money raised will be used to further expand the refinery’s capacity, with a long-term target of reaching 1.4 million barrels per day.
Aliko Dangote had earlier indicated that the IPO would open within 10–12 days, and now, things appear to be moving quickly.
If everything goes as expected, this could become one of the biggest capital market transactions in Africa’s history.
But here is it:
Don’t just rush because everyone is talking about it.
Study the business. Understand the numbers. Look at the valuation. Understand the risks. Then make your decision.
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