The Dangote Petroleum Refinery and Petrochemicals FZE has extended the closing date of its initial public offering by two weeks to enable more African investors to participate in the share sale.
The offer, which opened on September 14 and was initially scheduled to close on October 13, will now close on October 27, 2026, following approval from the Securities and Exchange Commission.
In a statement on Monday, the President of Dangote Group, Aliko Dangote, disclosed that the extension was aimed at widening participation across the continent rather than raising additional funds.
“The IPO is going very well. We will extend the closing date because we want more of our African brothers and sisters to participate. Following our discussions with the Nairobi Stock Exchange, we have identified what we believe is the best way to facilitate participation. We are now trying to replicate that arrangement with other African exchanges to ensure
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