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Dangote Refinery Signs IPO Documents to Share Ownership with Everyday Nigerians The ceremony kicked off a public offering to raise over N2 trillion by selling 4.1 billion shares at N525 each, with a low entry of just 10 shares for N5,250. Dangote stressed inclusivity, wanting ordinary workers to own a stake in the Lekki Free Zone refinery, which processes 700,000 barrels daily and plans to double to 1.4 million by 2028. Subscriptions open September 14 through October 13 via banks and brokers, with shares listing on the Nigerian Exchange; the deal is Shariah-compliant and has sparked strong interest from retail investors.
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