Dangote Refinery: IPO valued at $2.1 billion extended, what you need to know

The subscription for Dangote Petroleum Refinery's IPO has been extended until October 27, 2026, allowing African investors more time to participate. Launched on September 14, the offering includes 4.1 billion shares at 525 nairas each, with a valuation close to $50 billion. Despite regulatory challenges in some African countries, there is strong interest, with subscriptions already three to four times the initial target.