Dangote praises NGX transformation at Refinery IPO launch as shares open at ₦525
President Aliko Dangote commended NGX Group Chairman Umaru Kwairanga and CEO Temi Popoola for transforming Nigeria's capital market at the Dangote Petroleum Refinery IPO ceremony held September 14, 2026 at the Nigerian Exchange in Lagos. He called them "two great guys" behind the Exchange reaching levels he "never thought" possible by 2026, crediting their leadership for building world-class infrastructure. The IPO offers 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250. The offer opened September 14 and closes October 13, 2026, targeting approximately ₦2.15 trillion to raise capital from retail, institutional and eligible African investors seeking ownership in the refinery. Per Temi Popoola, NGX Group's MD/CEO, the launch represents more than scale—it demonstrates three years of quiet infrastructure building to widen market access. Through NGX Invest, the offer connects to over 100 distribution channels including stockbrokers, banks and fintechs via API, bringing investment opportunities to platforms Nigerians already use. Popoola emphasized this builds an "ownership economy" where strong Nigerian businesses access long-term capital while more citizens participate in value creation from the country's key enterprises, with NGX committed to supporting future large-scale capital raises nationally and continentally. Given the IPO's ₦5,250 minimum entry point and NGX's expanded access channels, will you consider allocating part of your investment portfolio to this refinery stake, or does this opportunity align with your current strategy for participating in Nigeria's economic growth through ownership?