Figures cited by Leadership show Aliko Dangote telling Arise TV that investors who buy and hold Dangote Petroleum Refinery and Petrochemicals shares could see large paper gains if the offer price of N525 later trades far higher. He said he had seen listings move from 100 to 1,000 and that the refinery stock “will get to maybe 5, 10,000,” adding that N100,000 invested could, in one or two years, become a million naira if that path materialises.
He urged holders not to flip shares quickly and to stay for dividends. The comments were promotional market talk, not a guaranteed return, and depend on listing performance, earnings and regulation.
Punch’s latest-news roundup independently carried the same claim that “N100,000 investment can make investors millionaires in two years.” Independent Newspaper separately reported Dangote saying retail investors would get priority if the IPO is oversubscribed.
Echotitbits take: The pitch is aimed at broadening ownership of the refinery listing. Investors should separate aspiration from prospectus risk and watch allocation rules, lock-ups and first-day pricing on the NGX.
Source: Punch – https://punchng.com/n100000-investment-can-make-investors-millionaires-in-two-years-dangote/, September 15, 2026
Photo Credit: Vanguard
