Dangote IPO targets record 10m investors

The Punch | 08-09-2026 01:28am |

Dangote Refinery's initial public offering (IPO) is targeting a record 10 million retail investors, with shares priced at N525 each. The IPO, valued at N2.15 trillion, aims to democratize share ownership by allowing participation with as little as N5,250. Investors can subscribe digitally, making the process accessible to a wide range of Nigerians. This move is expected to boost the country's capital market and provide an opportunity for citizens to invest in one of Africa's largest industrial projects.

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