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BREAKING: Dangote refinery launches N2.15tn IPO, sets October 13 deadline

The offer is part of Dangote Refinery’s plan to raise funds from the Nigerian capital market and broaden public ownership of the company.

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13 minutes ago

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File: Aliko Dangote with other board members of the Dangote group

The Dangote Refinery has officially opened its initial public offering (IPO), offering 4.1 billion ordinary shares to investors at N525 per share.

The offer, which commenced on Monday, is expected to close on October 13, according to the terms of the IPO.

Investors can subscribe for a minimum of 10 shares, valued at N5,250.

The offer is part of Dangote Refinery’s plan to raise funds from the Nigerian capital market and broaden public ownership of the company.

If fully subscribed, the offer is expected to raise N2.15 trillion for the expansion operations.

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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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