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The Dangote refinery opens its share offering, targets $1.6 billion, and extends its stock-market listing.
7 articles from 13 October to 16 October 2026 · 🇳🇬 Nigeria
Wayve Microfinance Bank says it is in talks with the Nigerian Securities and Exchange Commission over the sale of the Dangote Petroleum Refinery initial public offering through its WayvePay platform. The bank is responding to a regulator’s warning urging the public not to buy the offer through its digital service, according to a WayvePay statement.
Source: Vanguard
Wayve Microfinance Bank says it is in talks with the Nigerian Securities and Exchange Commission over the sale of the Dangote Petroleum Refinery initial public offering through its WayvePay platform. The bank is responding to a regulator’s warning urging the public not to buy the offer through its digital service, according to a WayvePay statement.
🇳🇬 Nigeria · 01:48
Dangote Cement has appointed Goldman Sachs and UBS to prepare its secondary listing on the London Stock Exchange, potentially as early as November, with a fundraising of up to $1 billion. The Nigerian cement maker, valued at more than $12 billion, has also reported strong growth in its half-year results, according to Businessday.
🇳🇬 Nigeria · 17:57
Aliko Dangote plans to give priority to investors subscribing for 50,000 naira or less in the initial public offering of his Nigerian refinery. The measure aims to broaden national share ownership before the share sale, announced during a stop on the tour in Port Harcourt, according to Punch.
🇳🇬 Nigeria · 20:12
Nigeria’s Dangote Refinery reported an unaudited net profit of 6.3 trillion naira, while its revenue reached 29.94 trillion naira. It also extended the subscription period for its initial public offering by 14 days, until 30 October 2026, according to Daily Post, which also reports its appeal against fuel import licences.
🇳🇬 Nigeria · 13:41
Nigeria’s Dangote refinery generated $22.5 billion in revenue in the first nine months of 2026 and recorded a net profit of $4.73 billion. Its revenue rose by 144% in a year, while subscriptions to its initial public offering have already exceeded the initial target, according to its results and Aliko Dangote.
🇳🇬 Nigeria · 05:03
Subscriptions for Dangote depositary receipts could be invalidated in Nigeria if the two required documents are not provided. Finsec said the funds concerned could be refunded without certificates being allocated, according to its market notice published on 12 October.
🇳🇬 Nigeria · 10:51
Nigeria’s Dangote refinery has extended the subscription period for its initial public offering until 27 October, with the amount potentially reaching $2.1 billion. The operation targets up to 10 million retail investors in Nigeria and other African countries, according to Reuters.
🇳🇬 Nigeria · 04:29
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