Nigerians are set to get an opportunity to own a stake in the Dangote Petroleum Refinery as the company prepares to open its much-anticipated ₦2.15 trillion Initial Public Offering (IPO) on September 14, 2026.
The offering will comprise 4.1 billion ordinary shares priced at ₦525 per share, with investors able to subscribe for as few as 10 shares, bringing the minimum investment to ₦5,250.
An IPO aimed at everyday Nigerians
Dangote Group President and CEO Aliko Dangote described the offering as an “IPO for the people,” highlighting the relatively low entry point.
The structure is intended to give ordinary Nigerians—including workers, drivers and individual investors—the opportunity to become shareholders in one of Africa’s largest private industrial projects.
The subscription period is scheduled to run from September 14 to October 13, 2026.
Expansion remains a key focus
The Dangote Refinery currently has a nameplate capacity of 650,000 barrels per day and plans to increase this to 1.4 million barrels per day.
The capital raised through the IPO is expected to support the refinery’s expansion and strengthen its position in Nigeria’s petroleum supply chain.
Beyond raising capital, the offering represents a significant shift in how Nigerians can participate in the refinery’s future, moving from simply being consumers of its products to potentially becoming part-owners of the business.
Investors urged to beware of scams
With strong public interest expected, potential investors are being warned to use only official and verified channels.
Vetiva Advisory Services Limited is the lead issuing house for the offering, while the final prospectus and approved application channels are expected to provide details on how investors can subscribe.
Investors should avoid sending money to individuals or platforms making unofficial offers through WhatsApp, social media or other channels.
The SEC, Nigerian Exchange (NGX), Dangote Refinery and authorised issuing and receiving agents remain key sources for verified information about the IPO.
