Dangote Refinery shares could start trading on the NGX around 8 December

Dangote Petroleum Refinery and Petrochemicals FZE offered 4.1 billion new shares at ₦525 each, seeking about ₦2.15 trillion, in an offer that closed on 27 October after a two-week extension. The revised timetable puts the basis of allotment before the Securities and Exchange Commission on 10 November and regulatory clearance on 17 November, with trading provisionally from around 8 December. At the offer price the company would be valued at about ₦65.2 trillion.

Why it matters

The listing would be the largest on the Nigerian Exchange and could lift its market value towards ₦230 trillion.

Sources: Legit.ng, Billionaires.Africa · 5 November 2026

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