Dangote Petroleum Refinery has extended its Initial Public Offering by two weeks to October 27, 2026, following approval by the Securities and Exchange Commission (SEC).
The offer, which opened on September 14, was scheduled to close on October 13 intiially. Speaking in Lagos, Aliko Dangote said the IPO has already been oversubscribed by three to four times its target.
The company said the extension will allow more investors across Africa to participate and complete account opening and verification processes.
The refinery is offering 4.1 billion shares at N525 per share. It is set to be Africa’s largest ever IPO.