What Is the Dangote Refinery IPO Share Price?

1 min Read August 22, 2026 at 10:12 AM UTC

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.

Dangote IPO

dangote refinery ipo share price

This material has been presented for informational and educational purposes only. The views expressed in the articles above are generalized and may not be appropriate for all investors. The information contained in this article should not be construed as, and may not be used in connection with, an offer to sell, or a solicitation of an offer to buy or hold, an interest in any security or investment product. There is no guarantee that past performance will recur or result in a positive outcome. Carefully consider your financial situation, including investment objective, time horizon, risk tolerance, and fees prior to making any investment decisions. No level of diversification or asset allocation can ensure profits or guarantee against losses. Articles do not reflect the views of DABA ADVISORS LLC and do not provide investment advice to Daba’s clients. Daba is not engaged in rendering tax, legal or accounting advice. Please consult a qualified professional for this type of service.