Investors are speeding to amass shares in Dangote Refinery as the corporate’s Initial Public Offering, IPO, closes on Tuesday, twenty seventh October 2026.
DAILY POST reviews that the refinery recorded a pointy surge in subscriptions barely 24 hours earlier than the IPO deadline, a improvement the corporate confirmed in a press release on Sunday.
“This is the final deadline, and no further extension will be granted. Investors wishing to participate must complete their subscriptions before the offer closes,” Dangote Refinery said.
Recall that Dangote Refinery not too long ago reported a rise in income and revenue.
The firm, described as Africa’s largest oil refinery, recorded income of $22.5 billion and a internet revenue of $4.73 billion for the 9 months ended September 30, 2026.
Similarly, the corporate’s income grew by 14 per cent year-on-year, whereas earnings earlier than curiosity, taxes, depreciation and amortisation, EBITDA, rose to $5.5 billion.
Nearly two weeks in the past, the corporate prolonged the IPO deadline by two weeks to permit extra buyers to take part within the share providing.
DAILY POST reviews that because the IPO opened on the Nigerian inventory market on September 14, 2026, it has attracted buyers from Nigeria, practically 51 African international locations and different elements of the world.
