Aliko Dangote, President of Dangote Industries, has said shares of Dangote Petroleum Refinery, currently offered at N525, could rise to N10,000 in the future.
In an interview published Thursday, he said small-scale investors buying N50,000 or N100,000 worth of shares will be prioritised over large institutional investors.
The IPO comprises 4.1 billion shares at N525 each, aiming to raise N2.15tn. The offer runs from September 14 to October 13, 2026. Dividends can be received in naira or dollars.
Don’t Miss This!! Read Also the full news here & the full video of the article Key Points:
Small investors gain rare priority access to a major national asset IPO.
Dollar dividend option could protect Nigerians from naira depreciation.
Projected N10,000 share price signals potential long-term wealth creation.
Retail participation may deepen capital market inclusivity and ownership.
Oversubscription risk means not all applicants will get full allocations.
Don’t Miss This!! Read Also the full news here & the full video of the article
The IPO offers Nigerians a chance to own part of the refinery. Investors should read the prospectus and apply through approved channels before October 13. Future share prices depend on market forces, not guarantees.
Sources: Punch Newspapers
