Dangote refinery is already changing Nigeria’s petroleum trade flows. According to the US Energy Information Administration, Nigeria’s seaborne petroleum-product shipments averaged 561,000 barrels per day in the second quarter of 2026, up from 79,000 bpd in 2023.
United Bank for Africa (UBA) Plc has been named one of the authorised financial institutions through which eligible investors can subscribe to Dangote Petroleum Refinery and Petrochemicals FZE’s Initial Public Offering (IPO).
Dangote Refinery’s N2.15 trillion Initial Public Offering (IPO) attracted more than N10 billion in subscriptions within minutes of opening on Monday, signalling strong early investor interest in what is billed as Africa’s largest initial public share offering.
Africa’s biggest refinery opens its doors to public investors with a N2.15 trillion share offer, as Aliko Dangote signals plans to take more group companies public.
The offer comprises 4.1 billion new ordinary shares priced at N525 each, according to a statement issued by the company on Sunday. The minimum subscription is 10 shares, costing N5,250.
The subscription channels available to prospective investors include the Zenith Bank website, Zenith mobile application, internet banking, USSD, corporate internet banking and any of the bank’s branches nationwide.
Flutterwave is bringing a new digital payment route to Dangote Petroleum Refinery and Petrochemicals' ₦525-per-share IPO, allowing Nigerians at home and abroad to fund subscriptions through web and mobile channels.
The nine material cases met the ₦100 million materiality threshold and relate to disputes arising in the ordinary course of the refinery’s operations.
The company plans to sell 4.1 billion shares at ₦525 each, potentially raising about ₦2.15 trillion, with the offer targeting millions of retail investors. Trading is expected to begin on the Nigerian Exchange in November.
Dangote Refinery will open its public offer for 4.1 billion ordinary shares at ₦525 each, with the company seeking to raise about ₦2.15 trillion. The offer will run until October 13, giving investors four weeks to decide if they want to become shareholders.
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
