The Dangote Petroleum Refinery has fixed N5,250 as the minimum subscription amount for investors seeking to participate in its proposed Initial Public Offering (IPO).
The minimum subscription represents 10 ordinary shares at N525 per share, opening the offer to individual investors and other members of the public seeking to own a stake in the multibillion-dollar refinery.
President and Chief Executive Officer of the Dangote Group, Aliko Dangote, disclosed this on Monday, September 7, 2026, at the signing ceremony for the refinery’s IPO documents in Lagos.
The offer, comprising 4.1 billion ordinary shares, is scheduled to open on September 14 and close on October 13, 2026.
Dangote said the decision to set a relatively low entry point was aimed at giving ordinary Nigerians an opportunity to become shareholders in the refinery.
He described the offering as an “IPO for the people,” noting that Nigerians from different walks of life, including workers, drivers, cooks and managers, could participate in the share sale.
The refinery currently has a nameplate capacity of 650,000 barrels per day, making it one of the largest single-train refineries in the world, while plans are underway to increase its capacity to 1.4 million barrels per day.
Dangote said proceeds from the IPO would support the refinery’s expansion, while giving investors an opportunity to build long-term wealth through equity ownership.
The offering is expected to rank among the largest IPOs in Africa and could deepen Nigeria’s capital market by bringing more retail investors into the ownership of one of the country’s largest industrial assets.