Dangote Opens ₦2.15trn Refinery Share Offering At NGX
By Dim Oba, LAGOS – A new chapter in Nigeria’s capital market opened in Lagos as Africa’s richest industrialist, Aliko Dangote, officially opened the ₦2.15 trillion public offering of shares in Dangote Petroleum Refinery and Petrochemicals FZE at the Nigerian Exchange (NGX).
The landmark ceremony attracted prominent figures from government, business, the capital market and traditional institutions, underscoring the growing significance of the refinery to Nigeria’s economy and investment landscape.
Among those present were Lagos State Governor, Babajide Sanwo-Olu; NGX Group Chairman, Umaru Kwairanga; NGX Group GMD/CEO, Temi Popoola; NGX Chairman, Ahonsi Unuigbe; NGX CEO, Jude Chiemeka; and senior executives of Dangote Industries.
The event also drew distinguished personalities, including the Ooni of Ife, Oba Adeyeye Ogunwusi, and Chairman of Coronation Group, Aigboje Aig-Imokhuede.
The ₦2.15 trillion offering represents a major milestone for the Dangote Refinery, which has emerged as one of the most significant private-sector investments in Nigeria’s energy sector.
The public offering also provides investors with an opportunity to take an equity position in the refinery and petrochemicals business while deepening the relationship between Nigeria’s industrial sector and the domestic capital market.
Speaking at the occasion, Dangote’s presence at the NGX signalled the importance attached to broadening Nigerian ownership and participation in the company through the capital market.
The development is expected to attract significant attention from institutional and retail investors, given the strategic importance of the refinery to Nigeria’s petroleum supply chain and the wider economy.
The NGX gathering therefore marked more than the opening of a share offer; it represented a significant intersection of Nigerian industry, investment and national economic ambition.
