September 8, 2026/Cordros Update
Dangote Group’s refinery business is expected to be listed on the Nigerian Exchange soon. Many investors are already preparing ahead of the anticipated Initial Public Offer (IPO), which is scheduled to commence soon.
Here are the key details of the offer:
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) operates an integrated refinery and petrochemical complex with a refining capacity of 700,000 barrels per day, producing refined petroleum products and polypropylene.
As part of its growth plans, DPRP intends to expand its refining capacity to approximately 1.4 million barrels per day by 2029. The proceeds from the Offer will support this expansion and the company’s long-term growth strategy, helping it meet the growing demand for refined petroleum and petrochemical products.