Dangote Predicts Refinery Shares Will Rise from N525 to N10,000, Raises Petrol Gantry Price to N1,350

THISDAYLIVE | 13-09-2026 04:39am |

Aliko Dangote, President of Dangote Industries Limited, has said that shares of the Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future. He assured small-scale investors seeking to participate in the refinery's Initial Public Offering (IPO) that they would be prioritised for share allocation over large institutional investors. Dangote spoke in Hausa during an interview with Abis Fulani, which Google Gemini translated. Additionally, Dangote Petroleum Refinery has increased the pump price of petrol from N1,265 to N1,350 per litre, effective September 12, 2026.

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