Dangote Extends Refinery IPO Deadline to Broaden Pan-African Shareholder Base

Aliko Dangote has extended the subscription period for the Dangote Petroleum Refinery’s initial public offering (IPO) until 27 October 2026, signalling a strategic shift to prioritise a broader pan-African ownership structure over immediate capital needs. The decision comes despite the offer already being significantly oversubscribed, according to sources familiar with the transaction.