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Dangote Refinery IPO Set for September 14 Debut

The Dangote Petroleum Refinery is set to launch its highly anticipated initial public offering on September 14, 2026. The company is seeking to raise approximately N2.15 trillion by offering 4.1 billion ordinary shares at N525 each. This capital raise, which includes a 15 percent greenshoe option, aims to fund an expansion project to double the refinery’s capacity to 1.4 million barrels per day. The listing is viewed as a landmark test for investor appetite in the Nigerian capital market.

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