BOLDEN African News · Tuesday 27 October 2026
Dangote refinery's N2.15 trillion share offer closes with applications from 120 countries
The Dangote Petroleum Refinery's offer of 4.1 billion ordinary shares at N525 each, seeking about N2.15 trillion, closed on 27 October after the Securities and Exchange Commission approved an extension from 13 October. The offer opened on 14 September. The company said applications came from investors in 120 countries, including all 54 African countries. The final amount subscribed has not yet been published.
Why it matters
Its outcome will indicate the depth of investor appetite for a large African industrial asset on a local exchange.
Sources: allAfrica (Premium Times), The Rio Times · 27 October 2026