The President of Dangote Refinery, Aliko Dangote, has revealed that 200 countries took part in the refinery's Initial Public Offering, IPO, which closed at N525 per share. He made this disclosure during an interview at the WIMBIZ Annual Conference.
Dangote noted that out of the 200 participating countries, 54 were African nations. According to him, every African country was represented in the offering.
He explained that the refinery chose to make the IPO accessible to the public by setting the offer price at N525 per share. The company's IPO, branded as the People's IPO, closed on October 27, 2026.
The IPO targeted raising N2.15 trillion through the offer of 4.1 billion ordinary shares at N525 per share. The broad international participation underscores the significance of the refinery as a major industrial asset on the global stage.