Dangote refinery to launch IPO on September 14
Speaking at the event, Chuka Eseka, Group Managing Director and Chief Executive Officer of Vetiva Capital Management Limited, said the refinery was expected to list its shares on the Nigerian Exchange Limited (NGX) in November 2026.
Presenting details of the IPO, Olutade Olaegbe, Managing Director, Investment Banking, Vetiva Capital Management Limited, said the offer would open on September 14, subject to approval by the Securities and Exchange Commission (SEC).
Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, had earlier said the refinery’s proposed IPO would have a minimum subscription requirement of 10 ordinary shares, priced at N5,250 per share.
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