Dangote Refinery Shares: Nigerians To Buy Dangote Refinery Shares By Mid-2026
The Chairman of the Dangote Group, Aliko Dangote, has revealed that Nigerians will soon have the opportunity to purchase Dangote Refinery shares, as plans are underway to list the multi-billion dollar facility on the Nigerian Stock Market.
Dangote made this announcement during a visit by the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) and other top officials to the refinery complex located in Lekki, Lagos. The development is expected to open the door for ordinary Nigerians to invest directly in Dangote Refinery shares.
Addressing the NNPCL delegation, Dangote reiterated that the refinery would be listed soon, allowing individuals to participate in the ownership structure of the twenty billion dollar Dangote Refinery through public share offerings.
“But individually, Nigerians too will have an opportunity in the next maximum four or five months; they will actually be able to buy their shares,” he said.
The billionaire businessman further disclosed that shareholders of Dangote Refinery shares would have the flexibility to receive dividends either in naira or in United States dollars, considering that the refinery generates foreign exchange earnings.
“People will have a choice either to get their dividends in naira or to get their dividends in dollars because we earn in dollars,” he added.
Reports indicate that NNPCL currently holds a 7.25 percent equity stake in the Dangote Refinery on behalf of the Federal Government. With the proposed listing of Dangote Refinery shares, more Nigerians are expected to become part owners of what is regarded as one of Africa’s largest industrial projects.
Recall that the Dangote Refinery had earlier announced plans to list on the Nigerian Exchange, a move that aligns with Dangote’s recent assurance about making Dangote Refinery shares available to the public between June and July 2026.
The visit by NNPCL officials comes shortly after an executive order by President Bola Ahmed Tinubu directing the direct remittance of oil revenues into the Federal Government account. The directive reportedly affected certain income streams previously retained by NNPCL.
Industry watchers believe that the listing of Dangote Refinery shares could mark a major turning point in Nigeria’s capital market, as retail investors and institutional players prepare for what may become one of the most anticipated public offerings in recent years.
Join Our Social Media Channels:
