The public offer for shares in Dangote Petroleum Refinery and Petrochemicals has been extended by two weeks, giving prospective investors more time to participate in the share sale.
The offer, which opened on September 14, 2026, was initially scheduled to close on October 13. However, the company announced on Monday, October 12, that the closing date had been moved to October 27, 2026, following approval from the Securities and Exchange Commission (SEC).
According to the Dangote Group, the extension follows strong investor interest across Africa and is intended to give more people an opportunity to invest in the refinery.
Why Was the Dangote Refinery Public Offer Extended?
In a statement released by the Dangote Group on Monday, the company explained that the extension was not driven by a need to raise additional funds. Instead, it was aimed at broadening access to the share offer and allowing more African investors to participate.
The additional two weeks are expected to give prospective investors more time to complete the requirements for participating in the offer, including opening investment accounts, verifying their identities and completing other regulatory procedures.
The company also said it was working to expand access across African markets through wider distribution channels and unsponsored depository receipt programmes designed to facilitate cross-border investment.
These measures are intended to make it easier for eligible investors outside Nigeria to access the offer.
Dangote Refinery CEO Comments on the Extension
David Bird, Managing Director and Chief Executive Officer of Dangote Petroleum Refinery and Petrochemicals FZE, welcomed the SEC’s approval of the extension.
He said the additional time would allow more investors across the continent to participate in the company’s future growth.
According to Bird, the company’s ambition from the beginning has been to enable as many people as possible to participate in the initial public offering (IPO) and share in the refinery’s future growth.
The extension, therefore, provides more time for prospective investors to explore the offer and complete the necessary procedures before the new deadline.
Dangote Refinery Public Offer Share Price Remains at ₦525
The public offer provides investors with an opportunity to acquire shares in Dangote Petroleum Refinery and Petrochemicals at ₦525 per share.
With the extension, prospective investors now have until October 27, 2026, to consider the offer and complete their applications, subject to the applicable requirements.
Investors should confirm the official offer terms, eligibility conditions, application procedures and payment instructions through the authorised channels before applying.
It is also important to understand the risks associated with investing in shares. The extension of the offer does not guarantee future returns or an increase in the share price.
How to Invest in Dangote Refinery IPO Shares
If you are interested in participating in the Dangote Refinery public offer, you can read our detailed guide on how to invest in Dangote Refinery IPO shares.
The guide provides further information on platforms and channels to explore when considering the offer. Be sure to verify that any platform you intend to use is authorised to handle your application.
You can also read our earlier report on the Dangote Petroleum Refinery IPO share price and closing date for additional background on the share offer.
New Closing Date for Dangote Refinery Public Offer
Following the SEC’s approval, the Dangote Refinery public offer is now scheduled to close on October 27, 2026, instead of October 13.
The extension gives prospective investors an additional two weeks to complete the relevant procedures and participate in the offer.
Anyone considering an application should check the latest official announcements and offer documentation for any updates before the revised deadline.
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