200 Countries, Including 54 African Nations, Participate in Dangote Refinery IPO

Aliko Dangote said investors from 200 countries, including all 54 African countries, participated in Dangote Refinery’s initial public offering. Speaking in an interview at the WIMBIZ Annual Conference, he said the offer price was set at 525 naira per share to make it accessible to the public. Dubbed the “People’s IPO,” the offering closed on October 27, 2026, and aimed to raise 2.15 trillion naira through the sale of 4.1 billion ordinary shares.