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High expectations from landmark Dangote Petroleum Refinery’s N2.15 trillion IPO

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High expectations from landmark Dangote Petroleum Refinery’s N2.15 trillion IPO

14 Sep, 2026

 

The much-awaited initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) opens today for public subscription with high expectations for an offer that promises to reshape not only Nigeria but entire Africa’s capital market ecosystem. DPRP is offering 4.1 billion ordinary shares at N525 per share, representing initial offer value of N2.15 trillion. Minimum subscription is 10 units or N5,250, and thereafter in multiples of 10 units. The application list, which opens today, will close on October 13, 2026..................................READ MORE