Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has extended the application period for its Initial Public Offering (IPO) by two weeks, following approval from the Securities and Exchange Commission (SEC).
The offer, which opened on Monday, September 14, 2026, was due to close on Tuesday, October 13. It will now stay open until Tuesday, October 27, 2026.The IPO comprises 4.1 billion ordinary shares of US$0.000013 each, priced at ₦525.00 per share.
The company said the extension followed exceptionally strong interest from eligible investors across Africa and other international markets. It described the offer as one of the most significant capital market offerings in Nigerian and African history, and said investor participation reflects growing confidence in its long-term growth prospects and its role in transforming Africa’s energy landscape.
Speaking to journalists at the refinery, the President of Dangote Group, Aliko Dangote, said the IPO was going very well.
