Chairman of the Dangote Group, Aliko Dangote, has announced that ordinary Nigerians will be able to purchase shares in the Dangote Refinery within the next four to five months as preparations for a public listing advance. He made this known on February 21, 2026, while addressing journalists during a refinery tour led by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari. Dangote noted that NNPC holds a 7.25 percent equity stake in the refinery on behalf of Nigerians and described the partnership as a strong foundation for future collaboration.
He stated that retail investors would have priority access once the offer opens, adding that shareholders will have the option of receiving dividends in either naira or US dollars, reflecting the refinery’s foreign currency earnings. Dangote emphasised that broader public participation would ensure inclusive ownership rather than concentration among institutional investors.
The planned listing, expected on the Nigerian Exchange Limited, is projected to deepen Nigeria’s capital market and boost liquidity. Valued at about $20 billion, the refinery’s public offer could enhance investor confidence, with projected export earnings of $6.4 billion supporting sustainable dividend payments.
