Dangote Refinery IPO Shares Priced at N525 Could Hit N10,000 Says Aliko Dangote

Aliko Dangote

President of Dangote Industries Limited, Aliko Dangote, has projected that Dangote Refinery IPO shares, currently offered at N525 each during the upcoming Initial Public Offering, could potentially soar to N10,000 in the future. 

Speaking in an interview conducted in Hausa with broadcaster Abis Fulani, the industrialist offered strong assurances to everyday Nigerians and small-scale investors that they will be prioritised over large institutional investors during the share allocation process. 

The public offering, comprising 4.1 billion ordinary shares, seeks to raise approximately N2.15 trillion to broaden public ownership in the mega energy facility, with the minimum subscription set at just 10 shares for N5,250 to encourage widespread grassroots participation across the country.

Elaborating on the allocation strategy for Dangote Refinery IPO shares, Dangote emphasized that retail applicants buying smaller packages worth N50,000 or N100,000 will receive full preference, whereas major financial institutions requesting massive allocations will have their requests scaled back. 

Illustrating the long-term capital appreciation potential, he noted that an initial N5 million investment could grow to over N50 million if the stock appreciates to his projected milestone of N10,000 per share over time. 

Furthermore, in a landmark move aimed at protecting investors against macroeconomic volatility, shareholders will be given the option to receive their dividend payouts in either Nigerian Naira or US Dollars, providing a reliable hedge against local currency depreciation.

Highlighting how receiving dollar dividends could shield families from inflation and foreign exchange instability, Dangote recalled how past exchange rate fluctuations forced many parents to withdraw their children from foreign universities. 

He explained that holding Dangote Refinery IPO shares allows investors to generate steady, passive income without disrupting their daily work, while providing foreign exchange earnings that can easily cover overseas tuition and international financial commitments. 

Scheduled to run from September 14 to October 13, 2026, the public offering presents a significant opportunity for retail investors to secure equity in Africa’s largest petroleum refining complex.