Dangote Refinery has extended the closing date of its N2.15 trillion initial public offering by two weeks, giving investors additional time to subscribe to the share offer.
The offer, which opened on September 14 and was initially scheduled to close on October 13, 2026, will now run until October 27.
The IPO involves the sale of 4.1 billion ordinary shares at N525 per share, with a minimum subscription of 10 shares, equivalent to N5,250 before applicable charges.
The Nigerian Exchange reported that the refinery generated approximately N19.47 trillion in revenue in the first half of 2026 and recorded a profit after tax of N2.55 trillion.
At the offer price of N525 per share, the company’s implied market capitalisation was estimated at N65.22 trillion, according to the exchange.
