Storyline
Dangote Refinery IPO Imminent
Timeline
- Mon, Sep 7LatestUnverified — not yet reviewed
Dangote Refinery IPO Gets SEC Green Light, Opens Within Days at N525/Share
Nigeria's Securities and Exchange Commission has approved Dangote Refinery's N2.15 trillion IPO, priced at N525 per share and targeting approximately $1.6 billion in proceeds — a listing analysts describe as Africa's largest-ever public capital raise. Dangote has confirmed the offering will open within days, with a September 14 debut, and the group has added $3.3 million ahead of the listing.
- Sun, Sep 6Unverified — not yet reviewed
SEC Approves Dangote Refinery's N2.15 Trillion IPO, Africa's Biggest-Ever Share Sale
Nigeria's Securities and Exchange Commission has approved Dangote Refinery's N2.15 trillion IPO, a listing priced at N525 per share and targeting approximately $1.5 billion in proceeds that would rank as Africa's largest-ever public capital raise. The approval marks a formal regulatory milestone for a transaction analysts say could fundamentally reshape the depth and profile of Nigeria's capital markets.
- Sat, Sep 5Unverified — not yet reviewed
Dangote Refinery IPO Set to Open at N525/Share, Targeting $1.5 Billion Raise
Dangote Refinery is set to open its IPO within days, pricing shares at N525 each and targeting approximately $1.5 billion in proceeds. If completed at that size, the offering would rank as Africa's largest-ever public capital raise, marking a landmark moment for Nigeria's capital markets and energy sector.