N2.2 trillion IPO: Dangote Refinery Targets 10 million Subscribers

NAIRAMETRICS | 08-09-2026 06:59am |

The Dangote Petroleum Refinery and Petrochemicals has announced plans for an Initial Public Offering valued at approximately N2.2 trillion (US$1.6 billion). The IPO aims to attract up to 10 million Nigerian investors through a secure, technology-driven subscription process integrated with the Bank Verification Number system. The offer is scheduled to proceed as part of the company's expansion strategy.

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