Current status
The Dangote refinery IPO closed on 13 October 2026. The Trumpet has not yet reported the basis of allotment, refunds for excess applications or the listing date on the Nigerian Exchange. This page will be updated when they are announced.
What to do now: Keep your subscription confirmation, payment receipt and reference numbers, and watch for the allotment announcement through your stockbroker or the platform you used.
Dangote refinery IPO: key facts
| Item | Details |
|---|---|
| Issuer | Dangote Petroleum Refinery and Petrochemicals FZE |
| Shares offered | 4.1 billion new ordinary shares |
| Price | ₦525 per share |
| Minimum subscription | 10 shares (₦5,250) |
| Amount sought | About ₦2.15 trillion (about $1.6 billion) |
| Offer period | 14 September–13 October 2026 (closed) |
| Listing | Main Board of the Nigerian Exchange; date not yet reported |
| Oversubscription | Up to 30% extra demand may be absorbed, subject to SEC approval |
| Use of proceeds | Expansion from 650,000 to 1.4 million barrels per day |
Sources: IPO launch, offer opens, oversubscription explainer.
Latest updates
- 19 Oct 2026: The Education Minister commends the Dangote Foundation’s plan to give refinery shares to 4 million students. Read
- 19 Oct 2026: The Dangote Foundation says it will offer free refinery shares to 778,000 women in 15 states. Read
- 14 Oct 2026: Yobe Governor Buni approves ₦230.6m to buy shares for 43,928 vulnerable women. Read
- 13 Oct 2026: The public offer closes.
- 8 Oct 2026: The Dangote Foundation launches a share grant for up to 2 million women. Read
- 30 Sep 2026: Kenyan investors seek access to the IPO through the Nairobi Securities Exchange. Read
- 15 Sep 2026: The SEC warns investors against fraudulent platforms. Read
- 14 Sep 2026: The offer opens on the NGX, the first refinery listing in the Exchange’s 66-year history. Dangote says the refinery eyes a US listing within three to four years. Read
- 7 Sep 2026: Dangote Refinery launches a ₦2.15tn IPO of 4.1 billion shares at ₦525 each. Read
- 4 Sep 2026: Dangote says the IPO will open in 10 to 12 days. Read
Dangote refinery IPO: frequently asked questions
Is the Dangote refinery IPO still open?
No. The offer opened on 14 September 2026 and closed on 13 October 2026.
How much was one Dangote refinery share?
₦525 per share. The minimum subscription was 10 shares, costing ₦5,250.
When will Dangote refinery shares be allotted and listed?
The Trumpet has not yet reported the basis of allotment or the listing date on the Nigerian Exchange. This page will be updated when they are announced.
What happens if the IPO was oversubscribed?
Investors may receive fewer shares than they applied for. The offer allows the company to absorb up to 30% of extra demand, subject to SEC approval, and the final allocation follows the approved Basis of Allotment.
What should I keep after buying Dangote IPO shares?
Keep your subscription confirmation, payment receipt and reference numbers, and follow updates on the allotment and listing.
What is the Dangote Foundation share grant for women?
The Aliko Dangote Foundation launched a share grant for up to 2 million Nigerian women through the IPO. It funds eligible women’s share applications rather than giving cash; low-income women earning ₦100,000 or less a month could qualify under the matching grant.
How do I avoid Dangote IPO scams?
The SEC warned investors against unauthorised and fraudulent platforms. Deal only with licensed stockbrokers and the official channels named in the prospectus.
Related coverage
- 8 Things You Must Do After Buying Dangote Refinery IPO Shares
- Dangote Refinery IPO Oversubscription: What Happens If Demand Exceeds Available Shares?
- Dangote Refinery IPO Faces Investor Skepticism as Dangote Flour History Resurfaces
- Dangote Refinery IPO: Bamboo App Hit by Investor Rush as Nigerians Scramble for Shares
- How Dangote Refinery IPO Exposes Weaknesses in Nigeria’s Fintech Infrastructure
- Dangote Refinery Eyes US Stock Market Listing Within 4 Years
- Dangote Foundation Launches Share Grant for 2 Million Nigerian Women Through Refinery IPO
- Dangote Refinery IPO: Investors Required to Commit $350,000 Minimum as NGX Courts Middle East Capital
The Trumpet updates this tracker whenever official information changes. The date at the top shows the last change.
