🇳🇬 DANGOTE REFINERY IPO OPENS TO PUBLIC INVESTORS.

‱ The Dangote Petroleum Refinery and Petrochemicals FZE IPO officially opened on Monday, September 14, 2026, allowing eligible investors to apply for shares in one of Africa’s largest industrial projects.

‱ The offer includes up to 4.1 billion ordinary shares priced at ₩525 each, targeting approximately ₩2.15 trillion ($1.6 billion). The subscription period runs until October 13, 2026.
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‱ An IPO is when a privately held company offers shares to the public for the first time. Successful applicants who receive an allotment become shareholders, with applications processed through approved receiving agents and electronic channels.
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‱ The refinery began operations in January 2024 and produces petrol, diesel, aviation fuel and petrochemicals. This IPO marks a major step toward opening part of its ownership to public investors.
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