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The public offer of Dangote Petroleum Refinery and Petrochemicals has commenced on the Nigerian Exchange (NGX), with shares offered to investors at N525 each.
Dangote Industries Limited President and Chief Executive Officer, Aliko Dangote, marked the commencement of the offer by ringing the opening bell at the NGX trading floor in Lagos on Monday.
The transaction marks a significant milestone for Nigeria’s capital market, as Dangote Refinery becomes the first refinery in the Nigerian Exchange’s 66-year history to open its shares to public subscription.
The offer comprises 4.1 billion new ordinary shares priced at N525 per share, allowing investors to acquire an equity stake in Africa’s largest refinery.
Retail and institutional investors, as well as eligible investors across Africa, can participate in the public offer.
Investors can subscribe for a minimum of 10 shares, requiring an investment of N5,250 at the offer price.
The offer opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the terms and conditions contained in the offer prospectus.
Speaking at the ceremony, Dangote said the public offer was part of a broader effort to expand public participation in owning his companies.
“We will lease every company that we operate,” he said.
The launch attracted prominent dignitaries, including Lagos State Governor Babajide Sanwo-Olu, members of the Dangote family and representatives of the Nigerian capital market.
