Update Emerges On Dangote Refinery Shares Sale

The proposed extension would move the closing date from October 13 to October 27, 2026, according to sources familiar with the development.

“The major reason is because most exchanges in Africa are just creating platforms for participation,” the source said.

The Dangote refinery officially opened its IPO on September 14, with its offer comprising 4.1 billion ordinary shares at N525 per share with a minimum purchase of 10 units. The shares are expected to be listed on the Nigerian Exchange Limited following completion of the IPO.

The chief executive officer (CEO) of Dangote Group, Aliko Dangote described the offer as the “People’s IPO”.

He said members of the public would have an opportunity to participate in the refinery’s ownership.

“We fully share all our prosperity with the people. That’s why we call this ‘People’s IPO’. We know the journey has actually just started. It’s not only about the refinery,” he said.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and Editor at Naija News| Contact: editor@naijanews.com

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