The facts
The official offer page lists a price of ₦525 per share and an opening date of 14 September 2026. [1]
The issuing houses must submit the basis of allotment to Nigeria’s Securities and Exchange Commission. Results are to be announced after approval, before shares are credited and listed on the Nigerian Exchange. [1][2]
AFP, carried by Africanews on 28 October, corroborated the offer’s closure and reported an initial fundraising target of US$1.6 billion. That target is not a verified final amount raised. [3]
Still unconfirmed
- Final proceeds, approved allotments and the exchange listing date.
- The issuer gives 27 October as the closing date; AFP’s 28 October report describes a Wednesday closure. The checked sources do not reconcile that date difference.
Sources
References support the numbered facts above. Source checks: 29 Oct 2026, 10:25 UTC.
Two issuer pages and independent AFP reporting were opened. The article uses the issuer’s repeated 27 October date, discloses the conflicting day in AFP’s report, and makes no claim that shares are already trading.
- Official offer closure and next steps
Dangote Petroleum Refinery · Primary source
- IPO officially closed
Dangote Petroleum Refinery · Primary source
- Nigeria’s Dangote oil refinery closes public offer
AFP, via Africanews · Reporting · 28 Oct 2026