Dangote Refinery shares to open to Nigerians in 4-5 months

Aliko Dangote, Chairman of Dangote Group, announced Nigerians can purchase shares in the Dangote Refinery within four to five months. Speaking during a refinery tour with NNPC executives, Dangote highlighted NNPC's 7.25% equity stake on behalf of Nigerians and emphasized the refinery's $20 billion valuation. He noted Nigerians will have the option to receive dividends in naira or US dollars due to the refinery's foreign currency earnings. The listing aims to democratize ownership, deepen Nigeria's capital market, and provide retail investors with dividend and capital gains opportunities. Discussions with SEC and NGX are ongoing to finalize the IPO structure.

SOURCE: https://nairametrics.com/2026/02/22/dangote-refinery-shares-to-open-to-nigerians-in-5-months/