Dangote launches refinery’s N2.15tn IPO on NGX

The president of Dangote Industries Limited, Aliko Dangote, formally opened the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals at the Nigerian Exchange (NGX) on September 14, 2026. The IPO comprises 4.1 billion new ordinary shares priced at N525 each. The offer is open to retail and institutional investors, as well as eligible investors across Africa, allowing them to acquire a stake in Africa's largest refinery.