Nigerian billionaire Dangote launches oil refinery IPO, Africa's biggest share sale
The sale could be the continent’s biggest IPO, with Dangote targeting 10 million shareholders and about $1.6 billion for refinery expansion.
- The Dangote Petroleum Refinery & Petrochemicals FZE Initial Public Offering opens today, September 14, 2026, offering investors an opportunity to own a stake in Nigeria's strategic energy asset.
- Regarded as transformative for Nigeria's energy sector, The Dangote Refinery allows investors to participate in a business reshaping Africa's refining landscape and strengthening local capacity.
- FirstBank, acting as Receiving Bank, provides convenient subscription access through FirstMobile, FirstOnline, LIT App, PayByLink, FirstDirect, and FirstMonie Agents for the 30-day application period.
- Interested investors must meet the Minimum Subscription of 10 shares at ₦5,250, with Payment required in full on application according to the Key Highlights of the Offer.
- Shares will list on the Main Board of the Nigerian Exchange Limited, with proceeds intended for Expansion of refinery operations as detailed in the Prospectus.
22 Articles
22 Articles
₦2.15 trillion is on the table for Nigerians as Dangote Refinery sounds the gong on 4.1 billion new ordinary shares
Aliko Dangote, Chairman of the larger Dangote Group, which controls the Dangote Oil Refinery, has launched the Initial Public Offering of the world’s largest single-train oil refinery.
The Nigerian businessman's refinery Aliko Dangote enters the stock market this Monday in Lagos. More than four billion shares must be offered to investors, with the objective of raising up to 2,150 billion nairas, or about $1.4 billion. An operation to finance the expansion of the refinery, but also to bring African savers into the capital of an industrial project emblematic of the continent.
Nigeria's Dangote bills refinery IPO as chance for ordinary Africans to buy in
Shares in Africa’s largest oil refinery went on sale on Monday with the initial public offering of Dangote Petroleum Refinery and Petrochemicals. Owner Aliko Dangote, the continent's richest man, says it's a chance for ordinary Africans to buy in.
Nigerian billionaire Dangote launches oil refinery IPO, Africa's biggest share sale
Nigerian billionaire Aliko Dangote on Monday launched Africa's largest share sale yet with the initial public offering of his oil refinery, opening up ownership of the plant to retail investors and raising money for its expansion.
Dangote bets scale will rewrite Africa’s place in global refining
…IPO opens today The Dangote Petroleum Refinery, the world’s largest single-train refinery, opens its books to public investors today, seeking read more Dangote bets scale will rewrite Africa’s place in global refining
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