Dangote Refinery IPO goes live on NGX

Dangote Refinery’s Initial Public Offering, IPO officially kicked disconnected connected the Nigerian Exchange Limited, NGX on September 14, 2026.

The President of Dangote Group, Aliko Dangote, sounded the NGX gong arsenic the 700,000-barrel-per-day refinery became the archetypal refinery ever offered connected the Nigerian banal marketplace successful the Exchange’s 66-year history.

In his remarks, Dangote said the refinery is the largest supplier of pitchy substance to Europe.

According to him, Europe should convey Nigeria nether the enactment of President Bola Ahmed Tinubu for keeping its planes flying.

“Dangote Refinery is the largest supplier of pitchy substance to Europe. Europe indispensable truly convey Nigeria nether the enactment of President Tinubu for keeping their planes flying, I’m precise serious. Right from August, September, we sold retired successful presumption of pitchy fuel, we person thing to merchantability anymore, we lone reserve that for Nigeria.”

DAILY POST reports that Dangote Refinery’s IPO is valued astatine N2.15 trillion, oregon $1.6 billion.

The refinery’s IPO comprises 4.1 cardinal mean shares, each with a nominal worth of $0.000013, astatine an connection terms of N525 per share, targeting 10 cardinal Nigerian investors.

Dangote Refinery IPO goes unrecorded connected NGX