Dangote Petroleum Refinery & Petrochemicals FZE has launched an IPO to raise N2.15 trillion by selling 4.1 billion shares at N525 each. Opening on September 14 and closing October 13, 2026, the listing is set to value the firm at N65.22 trillion, significantly boosting the Nigerian Exchange Limited (NGX) total market capitalisation to N225 trillion. Proceeds are earmarked for an expansion program to double refining capacity to 1.4 million barrels per day by 2029. The offer includes a retail incentive program, granting up to two bonus shares for long-term holders. Vetiva Advisory Services is the lead issuing house for the transaction.