Dangote Refinery Opens N2.15 Trillion Public Offer: Investors Can Buy Shares From N5,250

 Offer Period: September 14 – October 13, 2026

The Dangote Petroleum Refinery and Petrochemicals has officially opened its highly anticipated public share offer on the Nigerian Exchange (NGX), giving Nigerians and other eligible investors an opportunity to own a stake in one of Africa’s largest refining projects.

The offer comprises 4.1 billion new ordinary shares priced at ₦525 per share, putting the total value of the offer at approximately ₦2.15 trillion.

The public offer was formally launched on September 14, 2026, when Dangote Industries Limited President and Chief Executive Officer, Aliko Dangote, rang the opening bell at the NGX trading floor in Lagos.

Investors Can Subscribe From ₦5,250

The offer is open to retail investors, institutional investors and other eligible investors across Africa.

Individual investors can participate by subscribing for a minimum of 10 shares. At the offer price of ₦525 per share, the minimum investment is ₦5,250.

The offer is scheduled to remain open until October 13, 2026, subject to the terms, conditions and requirements contained in the offer prospectus.

Dangote Describes Offer as a "People's IPO"

Speaking at the launch ceremony, Aliko Dangote described the share offer as an opportunity to broaden public participation in companies within the Dangote Group.

He referred to the transaction as the "People's IPO", stressing that the initiative goes beyond the refinery itself and forms part of a wider plan to increase public ownership.

Dangote also revealed that the Dangote Group intends to pursue additional listings of its operating companies on the Nigerian Exchange.

According to him, Nigeria and Africa will remain the group's base as it expands, with the possibility of pursuing listings on international exchanges in the future.

Historic Moment for the Nigerian Stock Market

The transaction represents a significant development for Nigeria's capital market, as it marks the first time a refinery is being offered to investors through the Nigerian stock market in the 66-year history of the NGX.

Through the public offer, eligible investors will have an opportunity to acquire an equity interest in the Dangote Refinery, which is located within the Lekki Free Zone in Lagos.

The refinery has become a major component of Nigeria's efforts to increase domestic petroleum refining capacity and reduce the country's dependence on imported refined petroleum products.

Top Officials Attend Launch

The launch ceremony attracted prominent figures from Nigeria's political, business and financial sectors.

Among those present were Lagos State Governor Babajide Sanwo-Olu, Nigerian Exchange Group President and Chairman Umaru Kwairanga, Ooni of Ife Oba Adeyeye Enitan Ogunwusi, Zenith Bank founder Jim Ovia, alongside other leading figures from the business and capital market communities.

Key Details at a Glance

Company: Dangote Petroleum Refinery and Petrochemicals
Offer Size: 4.1 billion new ordinary shares
Offer Price: ₦525 per share
Minimum Subscription: 10 shares
Minimum Investment: ₦5,250
Total Offer Value: Approximately ₦2.15 trillion
Opening Date: September 14, 2026
Closing Date: October 13, 2026
Exchange: Nigerian Exchange (NGX)

The Dangote Refinery public offer is expected to attract significant interest from investors as Nigerians get an opportunity to participate directly in the ownership of the landmark refinery.

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