The Dangote Refinery IPO opened today, September 14, 2026, giving eligible investors an opportunity to apply for shares in Dangote Petroleum Refinery and Petrochemicals.
The public offer comprises approximately 4.1 billion shares at ₦525 each and could raise about ₦2.15 trillion if fully subscribed. The minimum subscription is 10 shares, meaning investors can apply from ₦5,250.
Dangote Refinery IPO Opens September 14, 2026
The Dangote Refinery public offer opened on September 14, 2026 and is scheduled to close on October 13, 2026.
The opening marks the start of the subscription period during which eligible investors can apply through approved Receiving Agents and Electronic Application Channels.
See our Dangote Refinery IPO date and timetable for the key dates.
How Much Is Dangote Refinery IPO Share Price?
The IPO offer price is ₦525 per share.
This is the public-offer price and should not be confused with a live Nigerian Exchange market price. Dangote Refinery shares have not yet begun normal secondary-market trading on NGX.
See our Dangote Refinery share price guide for more information.
What Is the Minimum Investment?
The minimum subscription is 10 shares. At ₦525 per share, the minimum investment is:
10 shares × ₦525 = ₦5,250
- 10 shares = ₦5,250
- 20 shares = ₦10,500
- 50 shares = ₦26,250
- 100 shares = ₦52,500
- 500 shares = ₦262,500
- 1,000 shares = ₦525,000
See our Dangote Refinery minimum investment guide for more calculations.
How to Buy Dangote Refinery Shares
Investors who want to participate in the IPO should apply only through an SEC-approved Receiving Agent or Electronic Application Channel participating in the public offer.
Depending on the approved provider, investors may be able to apply through participating banks, stockbrokers or electronic subscription channels.
Investors should check that their personal and banking information is correct and follow the verification and payment instructions provided by the approved channel.
Read our step-by-step guide to buying Dangote Refinery shares before applying.
Where Can Investors Subscribe?
The official IPO information provides a list of approved Receiving Agents and Electronic Application Channels. These include participating banks, issuing houses, stockbrokers and approved electronic channels.
Investors should verify a provider against the official approved-channel list before submitting an application or making payment.
How Many Dangote Refinery Shares Are Being Offered?
The public offer comprises approximately 4.1 billion ordinary shares at ₦525 each. At the base offer size, the IPO could raise approximately ₦2.15 trillion if fully subscribed.
When Does the Dangote Refinery IPO Close?
The public offer is scheduled to close on October 13, 2026.
Investors intending to participate should complete their applications during the offer period and verify any timetable changes through official IPO information.
When Will Dangote Refinery Shares Start Trading on NGX?
Buying shares during the IPO is different from buying them on the Nigerian Exchange after listing.
Normal NGX trading is expected after the public offer, allotment and required listing process. An indicative timetable points to late November 2026, although the exact first trading date has not yet been confirmed.
Follow our Dangote Refinery NGX listing date guide for updates.
Read the IPO Prospectus Before Investing
Investors should read the official prospectus, including information about the company, offer terms and investment risks, before deciding whether to participate.
See our Dangote Refinery IPO prospectus guide.
Stay Safe When Applying
Use only approved subscription channels and verify them through official IPO information.
Never give anyone your PIN, password or OTP, and do not transfer investment money to a personal account promoted through WhatsApp, social media or another unofficial source.
Important Note
This website is an independent information resource and is not affiliated with Dangote Group, SEC Nigeria or NGX. It does not sell shares, process subscriptions or accept investment funds. Nothing on this page constitutes personalized investment advice. Investors should verify current offer information through official sources before investing.