Dangote refinery sets IPO minimum subscription at N5,250 to launch IPO on September 14


Aliko Dangote, chief executive officer (CEO), Dangote Group, says the Dangote Petroleum Refinery and Petrochemicals FZE proposed initial public offering (IPO) has a minimum subscription requirement of 10 ordinary shares, culminating in N5,250.

Dangote spoke during a signing event in Lagos on Monday, ays his refinery will become world’s largest by 2028

Aliko Dangote, chief executive officer (CEO) of Dangote Group, says the Dangote Petroleum Refinery and Petrochemicals will become the world’s largest refinery by 2028.

Dangote spoke on Monday at the preliminary signing ceremony for the proposed initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

The Dangote Petroleum Refinery and Petrochemicals has signed its initial public offering (IPO) documents with advisers and other parties involved in the proposed offer, ahead of its proposed opening on September 14.

The documents were signed on Monday at a preliminary signing ceremony for the proposed IPO of the refinery.

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