September 4, 2026

Dangote Refinery IPO to Open Within Days

Dangote Refinery IPO to Open Within Days

Aliko Dangote, founder of Dangote Refinery said on Thursday that the company’s initial public offering (IPO) will open in the next 10 to 12 days, according to Reuters.

“So our dream is that we want to make sure we double the capacity of the refinery … which will take ​us to 1.4 million barrels per day. The IPO will ​open in the next 10 to 12 days,” Dangote ⁠told investors and analysts in Botswana.

The Dangote Group is planning to sell 4.1 billion shares at ‌525 naira per share.

The order book for the offer, which is set to be ​Africa’s biggest, is scheduled to open on September ​14, one of the sources said.