What Is the Dangote Refinery IPO Share Price?

Short Answer

There is no official public offer price yet. As of this writing, Dangote Petroleum Refinery has filed an IPO application with Nigeria’s SEC, but no prospectus has been approved or published, which means no confirmed share price for the public offer exists.

What’s Been Reported (and Why It’s Not the Same Thing)

Media reporting has referenced a private placement completed ahead of the SEC filing, with shares priced at around $0.35 each in that private transaction. That figure relates to a separate, private deal with a specific set of investors — it is not confirmed to be the same price the public offer will use. Public offer pricing is typically set later, closer to listing, based on factors like investor demand and prevailing market conditions.

When the Real Price Will Be Known

The actual public offer price will only be published once the SEC approves the offer and Dangote releases its official prospectus — something the company has targeted around a September 2026 listing, though no date has been formally approved. Until that document exists, treat any specific per-share price you see cited for the public offer as unconfirmed.

How to participate in the Dangote IPO with Daba

The Dangote IPO has not yet been priced, allocated or opened for subscription.

When the official subscription window opens, Daba will facilitate participation for its eligible account-holders internationally, through Daba’s compliant Nigerian-market channel operated in partnership with a licensed Nigerian securities broker. The executing partner is a SEC-Nigeria-licensed capital-market operator and NGX dealing member.

If you would like to be positioned to participate when the window opens, we suggest the following five steps.

None of these steps commits you to invest.

1. Create your Daba account. Create a Daba account at dabafinance.com/register — takes a few minutes.

2. Pick individual or business. Choose whether to onboard as an individual or as a business / entity (trust, personal investment company, family investment vehicle). Both are supported. Business onboarding is somewhat more document-intensive but the access, execution and repatriation mechanics are identical.

3. Complete KYC (and KYB for businesses). Provide the documents requested by Daba’s onboarding flow. This is a one-time step that unlocks access to every product on the Daba platform, not just the Dangote IPO.

4. Check the rules in your own jurisdiction. Participation in a foreign securities offering may be subject to the rules of your own country of residence — including registration, tax and reporting obligations. You are responsible for understanding and complying with those rules. If in doubt, consult a qualified adviser in your jurisdiction. Daba does not provide tax, legal or investment advice.

5. Express your interest via the Daba interest form. Once your account is KYC-approved, complete the Dangote IPO interest form on the Daba platform. Expressing interest is not an application to subscribe; it lets Daba notify you the moment the official subscription window opens, with the prospectus-approved terms, minimum lot, funding instructions and application deadline. When notified, you will be able to fund your Daba account and submit a subscription application through the Daba platform, subject to Daba’s onboarding checks and to allocation by the issuer’s appointed bookrunners.

Daba does not guarantee allocation. Allocation is determined by the issuer and its appointed bookrunners under the terms of the SEC-Nigeria-approved prospectus. Nothing on this page constitutes an offer to sell, a solicitation to buy or a recommendation to invest in any security.

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DISCLAIMER

This article is published for informational and educational purposes only. It is not, and does not contain, an offer to sell or a solicitation of an offer to buy any securities, and it is not, and does not contain, investment advice, tax advice or a personal recommendation.

Any future participation in the Dangote Petroleum Refinery & Petrochemicals IPO referenced in this hub is subject to (i) the terms of the issuer’s official SEC-Nigeria-approved prospectus, once and if published; (ii) allocation processes conducted by the Nigerian Exchange, Nigeria’s Securities and Exchange Commission and the issuer’s appointed bookrunners — Daba does not determine or guarantee allocation; (iii) the eligibility of the investor under the laws applicable to that investor in the investor’s country of residence, which the investor is responsible for verifying; and (iv) Daba’s onboarding, KYC and CCI (Certificate of Capital Importation) requirements.

Daba will facilitate participation for its eligible account-holders internationally through a partnership with a SEC Nigeria- licensed capital-market operator and NGX dealing member. Investment in securities involves risk, including risk of loss of principal. Past performance is not indicative of future results.