In an update published by The Punch, Aliko Dangote has announced that Nigerians will be able to purchase shares in his multi-billion dollar refinery by July 2026. This move is expected to democratize the ownership of one of Africa’s largest industrial assets and provide a significant boost to the Nigerian capital market.
The announcement has sparked excitement among retail investors and financial analysts, who see the listing as a landmark event for the Nigerian Exchange Group (NGX). The refinery, which has already begun impacting the local fuel supply chain, is viewed as a cornerstone of Nigeria’s journey toward energy self-sufficiency.
Reporting by Leadership indicates that the listing will likely be one of the largest in the history of the African stock market. The move is also seen as a strategy to secure long-term capital and ensure local participation in the country’s most critical energy infrastructure.
The Nation validated the timeline, quoting Dangote: “We want every Nigerian to have a sense of ownership in this project.”
Arise News also reported on the development, noting that “financial regulators are already working on the framework to ensure a smooth Initial Public Offering (IPO) for the refinery.”
Echotitbits take:
The Dangote Refinery IPO will be the most anticipated financial event of 2026. It offers a rare opportunity for ordinary Nigerians to profit from the oil sector. However, investors should watch the valuation closely, as the refinery’s profitability is heavily tied to crude oil supply agreements and local pricing regulations.
Source: The Punch – https://punchng.com/nigerians-will-soon-be-able-to-buy-shares-in-refinery-dangote/, and February 22, 2026
Photo credit: The Punch
