Dangote Refinery IPO closes tomorrow—investors rush shares as deadline hits
Dangote Refinery's IPO closes tomorrow, Tuesday October 27, 2026, with investors rushing to subscribe in the final 24 hours. The company confirmed no further extensions after already pushing the deadline back two weeks from its September 14 opening.
The offer has drawn subscribers from Nigeria, 51 other African countries, and global investors. Dangote Refinery—Africa's largest oil refinery—reported $22.5 billion revenue and $4.73 billion net profit for the nine months ended September 30, with revenue up 14% year-on-year and EBITDA reaching $5.5 billion.
According to DAILY POST, the subscription surge follows these strong financials. Investors wishing to participate must complete their subscriptions before the offer closes tomorrow. The process runs through the Nigerian stock market, though specific brokerage channels weren't detailed in the company's Sunday statement.
With the refinery's dominant market position and profitable track record, this IPO represents a rare chance to own equity in Africa's largest industrial project. Secondary market trading will begin after listing, but at what premium remains uncertain.
Will you subscribe before tomorrow's deadline or wait for the stock to hit the open market?