From Cyriacus Nnaji, Lagos
Chief Executive Officer (CEO), Dangote Group, Aliko Dangote has disclosed the release of ₦2.15 trillion for Initial Public Offering (IPO) with 4.1 billion ordinary shares at ₦525 each.
Dangote disclosed that the Dangote Petroleum Refinery and Petrochemicals FZE proposed initial public offering (IPO) has a minimum subscription requirement of 10 ordinary shares, culminating in N5,250.
The historic signing ceremony was officially concluded at Eko Hotels, Lagos, on Monday, September 7, 2026.
The landmark ₦2.15 trillion ($1.6B) deal marks the launch of Africa’s largest-ever public share sale, with 4.1 billion ordinary shares priced at ₦525 each.
According to the group, the official application list opens on September 14, 2026, and will run for exactly 25 days, officially closing on October 9, 2026.
Dangote stated that everyday investors can participate with a minimum subscription of 100 ordinary shares (valued at ₦52,500), and in multiples of 50 shares thereafter.
Dangote added that the offering was designed to allow subscribers to build their future savings through the investment.
The CEO described the offering as “the IPO for the people”.
