• info@ocmlng.com
  • 0201-2914775

Dangote Refinery IPO attracts N5.85 trillion in bids from nearly 3.8m applicants

Home > market news
Financial News

Dangote Refinery IPO attracts N5.85 trillion in bids from nearly 3.8m applicants

11 Nov, 2026

 

Dangote Petroleum Refinery’s initial public offering (IPO) attracted approximately N5.85 trillion in share applications from nearly 3.8 million subscribers, significantly exceeding the company’s initial fundraising target of N2.15 trillion. Subscription data seen by Nairametrics shows that investors applied for 11.15 billion shares valued at N5.85 trillion, compared with the 4.1 billion shares initially offered at N525 per share..........................READ MORE