Offer overview · approved by the SEC
Dangote Refinery IPO Shares from ₦5,250
Dangote Petroleum Refinery shares are on offer at ₦525 each from 14 September 2026 to 27 October 2026, after an SEC-approved extension. Applications through Shares Saver were handled by Crown Capital Limited, a licensed NGX broker, and are now closed to new applicants.
The company announced the two-week extension on 12 October 2026 to widen access across African markets and give investors more time for account opening, identity verification and other regulatory requirements. The price and minimum are unchanged. Brokers and receiving agents may stop taking applications a few days before the official close.
We Are No Longer Taking New Applications for This Offer
A new application could not complete the identity checks and CSCS account opening before the offer closes on 27 October 2026, so Shares Saver has stopped taking them. The shares are expected to start trading on the NGX in early December 2026, about 15 business days after allotment; the date can move.
Already applied? Your order is under My Shares and shows as pending until the shares are allotted.
This page is the overview of the offer. For every date from the close to listing, see the Dangote Refinery IPO dates and timetable; for each step of an application, see how to buy Dangote Refinery shares in the IPO.
Source: company announcement of 12 October 2026, approved by the SEC; revised timetable as reported. Dates after the close are expected dates and can change.
Prospectus on the official offer websiteKey dates
Revised Offer Timetable
The application list closes on 27 October 2026. The milestones after the close are expected dates from the revised timetable.
- Application list closes
- 27 October 2026
- Collation of returns
- Expected: 3 November 2026
- Basis of allotment proposal and draft announcement sent to the SEC
- Expected: 10 November 2026
- SEC no-objection to the basis of allotment (allotment date)
- Expected: 17 November 2026
- Allotment announcement and transfer of net proceeds
- Expected: One business day after allotment
- Refunds of surplus or rejected application money
- Expected: Within five business days after allotment
- Crediting of CSCS accounts and start of trading on NGX
- Expected: 15 business days after allotment
Source: company announcement of 12 October 2026, approved by the SEC; revised timetable as reported. Dates after the close are expected dates and can change.
How it works
Applying Through Shares Saver
Check You Can Apply
Nigerian national, BVN, Nigerian bank account, proof of address, and a passport or NIN.
Ordered Like Any Share
Applicants chose the Dangote Refinery IPO application and paid ₦525 a share. New applications through Shares Saver are now closed.
KYC, Then Your CSCS Account
Once your identity checks are complete, we open your CSCS account with Crown Capital Limited, a regulated stockbroker. No shares are subscribed for before that.
Application and Allotment
The IPO is then subscribed for and your order shows as pending. Allotted shares go to your CSCS account in your name; anything not allotted is refunded.
New applications are closed. Applied already? Your order is under My Shares.
The company
About the Refinery
The Dangote Petroleum Refinery, in the Lekki Free Trade Zone in Lagos, is the world’s largest single-train refinery, with a nameplate capacity of 650,000 barrels a day. It supplies petrol and diesel to the Nigerian market and exports refined products.
The IPO offers 4.1 billion ordinary shares at ₦525 each, about ₦2.15 trillion in total, and the shares will list on the Main Board of the Nigerian Exchange (NGX). The proceeds are earmarked for expanding the refinery’s capacity.
Refinery earnings depend on crude oil costs, fuel prices, exchange rates and how reliably the plant runs. The prospectus sets out these risks in full.
Before You Invest
- Shares Saver is not the issuer of these shares and does not give investment advice.
- The value of shares can fall as well as rise, and a share can trade below its IPO price after listing.
- Allotment is not guaranteed. If the offer is oversubscribed you may receive fewer shares, and the difference is refunded.
- Apply only through a licensed broker or an official receiving agent. Anyone selling "pre-IPO" or discounted Dangote Refinery shares to the public is a red flag.
- Read the prospectus before you invest, and only invest money you can leave invested.
Questions
Dangote Refinery IPO Questions
Keep reading
Guides for This Offer
How to Buy Dangote Refinery Shares in the 2026 IPO
What you need, how many shares you can apply for, and how to avoid scams.
ReadDangote Refinery IPO Dates and Timetable
Opening and closing dates, why brokers close earlier, and the steps from allotment and refunds to listing.
ReadCan Foreign Investors Buy Dangote Refinery IPO Shares?
Who can apply from abroad, why a full BVN is needed, and the options for foreign nationals.
ReadOffer details are taken from the SEC-approved offer as published in September 2026, with the extension announced by the company on 12 October 2026 with SEC approval. The official offer website had not shown the new close date when checked. The prospectus on the official offer website is the authority: check it before you invest.