Aliko Dangote, Chairman of Dangote Group, has detailed everything investors need to know about the Dangote Refinery Initial Public Offering, IPO, valued at N2.15 trillion, or $1.6 billion.
DAILY POST reports that the Dangote Refinery IPO is barely a week away from opening on September 14, 2026.
On Monday, the 700,000-barrel-per-day refinery held its Initial Public Offering signing ceremony in Lagos, with leading figures in Nigeria’s business ecosystem in attendance.
In his speech at the Dangote Refinery IPO signing ceremony, the Chairman of Dangote Group, Aliko Dangote, said the firm’s proposed IPO has a minimum subscription requirement of 10 ordinary shares, amounting to N5,250.
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According to him, the IPO comprises 4.1 billion ordinary shares, each with a nominal value of $0.000013, at an offer price of N525 per share, targeting 10 million Nigerian investors.
He noted that the refinery has introduced a technology-driven subscription process integrated with the
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