LunagisthubDangote Group Announces Timeline for Public Share Offer of $20 Billion Refinery
Chairman of the Dangote Group, Aliko Dangote, has revealed that Nigerians will soon have the opportunity to invest in the $20 billion Dangote Refinery. According to him, shares of the mega refinery project are expected to be made available to the public between June and July 2026.
The announcement was made during a high-profile visit by the leadership of the Nigerian National Petroleum Company Limited (NNPCL) to the refinery complex located in Lekki.
During discussions with NNPCL executives, Dangote confirmed that plans are underway to list the refinery on the Nigerian Exchange Group (NGX). This move will allow everyday Nigerians to become shareholders in one of Africa’s largest industrial projects.
He emphasized that within the next four to five months, individuals will be able to directly purchase shares and take part in the refinery’s ownership structure.
This public listing is expected to deepen local participation in Nigeria’s energy sector and strengthen investor confidence in large-scale private infrastructure projects.
One of the most notable highlights of the announcement is the flexibility offered to investors. Dangote explained that shareholders would have the option to receive dividends either in naira or in US dollars.
This is possible because the refinery earns foreign exchange revenue. For Nigerian investors, this dual-currency dividend structure could serve as a hedge against currency volatility while creating additional wealth-building opportunities.
Currently, the Nigerian National Petroleum Company Limited holds a 7.25% equity stake in the refinery on behalf of the Federal Government of Nigeria. The upcoming public offer is expected to broaden ownership beyond institutional investors and government-backed entities.
The refinery, located in Lekki, Lagos, is widely regarded as a transformative project for Nigeria’s oil and gas industry. Once fully operational at scale, it is expected to reduce fuel imports, boost local refining capacity, and improve foreign exchange inflows.
The development comes shortly after Bola Ahmed Tinubu issued an executive order mandating the direct remittance of oil revenues into the Federal Government’s account. The directive reportedly affected certain revenue streams previously managed by NNPCL.
Analysts believe that the refinery’s public listing could reshape Nigeria’s energy investment landscape, offering transparency, broader participation, and new funding pathways for expansion.
For the first time, millions of Nigerians may soon have the chance to own shares in a multi-billion-dollar refinery project built on home soil. If successfully listed on the NGX, the Dangote Refinery could become one of the most significant publicly traded industrial assets in the country.
As June–July 2026 approaches, potential investors are advised to monitor official announcements regarding pricing, share allocation structure, and listing details.
The planned listing of the Dangote Refinery represents more than just a business milestone — it signals a shift toward greater public participation in Nigeria’s strategic energy infrastructure.
With flexible dividend options and strong institutional backing, this share offer could become one of the most anticipated investment opportunities in Nigeria in 2026.
Lunagisthub
