Paul Adiku
New member
I bring you interesting news. You can buy shares of the Dangote Refinery (Africa's largest refinery) through POS Operators.
Dangote Refinery Shares Update
- Thread starter Paul Adiku
- Start date
Paul Adiku
New member
It's no longer news that Dangote Refinery (aka Africa's largest refinery), the $20 billion project that took years to build and had the whole continent watching, is preparing for an IPO.
Every day, there is a new development, but this recent update is something else, something that you never imagined.
You will not only be able to buy shares using a fintech app but you will also be able to buy them through a POS machine- the same POS machine your mama uses to send you money. POS operators are being positioned to help distribute shares across the country, and the goal is to ensure that every Nigerian, regardless of where they are, can own a piece of the most talked-about business in Africa!
So, if you have a BVN, you can participate. Whether you are in Lagos, Abuja, London, or anywhere else in the world.
Now let's talk about the numbers because they will definitely blow your mind.
The Dangote Refinery is expected to list on the Nigerian Exchange at a valuation of approximately $50 billion, which is roughly 70 TRILLION NAIRA!
About 10% of the company will be offered to investors through the IPO, which means the offer size alone could be around $1.5 billion, and that makes it the LARGEST public offering ever undertaken in Africa! Not Nigeria, oooo AFRICA!!
And not just that, Dangote has also confirmed that the refinery will pay DOLLAR-DENOMINATED dividends after listing. Meaning if you own shares, your dividend payments could come in dollars.
Fintech companies with major footprints across Nigeria have already been engaged to provide the infrastructure for the share sale!! Agency banking networks and POS operators are also being positioned to help distribute the shares across the country!
The goal is simple: to make sure every Nigerian, regardless of where they are, can own a piece of the most talked about business in Africa!!
Written by Tomi from Trove.
Every day, there is a new development, but this recent update is something else, something that you never imagined.
You will not only be able to buy shares using a fintech app but you will also be able to buy them through a POS machine- the same POS machine your mama uses to send you money. POS operators are being positioned to help distribute shares across the country, and the goal is to ensure that every Nigerian, regardless of where they are, can own a piece of the most talked-about business in Africa!
So, if you have a BVN, you can participate. Whether you are in Lagos, Abuja, London, or anywhere else in the world.
Now let's talk about the numbers because they will definitely blow your mind.
The Dangote Refinery is expected to list on the Nigerian Exchange at a valuation of approximately $50 billion, which is roughly 70 TRILLION NAIRA!
About 10% of the company will be offered to investors through the IPO, which means the offer size alone could be around $1.5 billion, and that makes it the LARGEST public offering ever undertaken in Africa! Not Nigeria, oooo AFRICA!!
And not just that, Dangote has also confirmed that the refinery will pay DOLLAR-DENOMINATED dividends after listing. Meaning if you own shares, your dividend payments could come in dollars.
Fintech companies with major footprints across Nigeria have already been engaged to provide the infrastructure for the share sale!! Agency banking networks and POS operators are also being positioned to help distribute the shares across the country!
The goal is simple: to make sure every Nigerian, regardless of where they are, can own a piece of the most talked about business in Africa!!
Written by Tomi from Trove.
Ojobo Jennifer
Member
How to invest in Dangote Refinery IPO
Many analysts expect the Dangote Refinery IPO window to open around August, but Aliko Dangote recently stated that the IPO is planned for September. So, hopefully, the offer will go live on the Nigerian Exchange Group (NGX) in September. To take advantage of it, below are the steps you need to follow:
Open a Brokerage Account:
You will need an account with a licensed stockbroker such as ARM Securities, Trove Finance, LeadCapital, Bamboo, Stanbic IBTC, Chaka, Afrinvest, and others. You only need one. You can download their apps from the Play Store or Apple App Store.
Once your account is set up, you should receive your Central Securities Clearing System number (CSCS). This is where Nigerian shares are held electronically. You need a CSCS account to invest in the Dangote Refinery IPO.
To open a brokerage account, you will typically need:
• A valid means of identification (National ID, International Passport, or Driver’s License)
• Your Bank Verification Number (BVN)
• A recent utility bill
• Passport photographs
If You Already Have a Stockbroker Account
If you already have an account with a stockbroker and you currently buy stocks, then you are already set. It means your CSCS account is active. When the IPO is listed, simply:
• Log in to your brokerage app or platform
• Fund your account
• Go to the IPO/Public Offers section
• Select Dangote Refinery IPO
• Enter the number of shares or amount you want to invest
• Submit your subscription
• Wait for share allotment
That’s all in most cases.
Fund Your Account Early:
Large public offers like the anticipated Dangote Refinery IPO are known to sell out quickly and often become heavily oversubscribed. Because of this, it is very important to pre-fund your brokerage account with the amount you intend to invest so your application can be submitted immediately once the subscription window opens. Avoid last-minute network congestion or payment delays. Transfer your investment capital into your broker’s settlement wallet ahead of time.
Watch Out for the Offer Opening:
Once you have an account with a stockbroker or digital investment app, keep an eye out for the IPO prospectus and official announcement. When the IPO opens, your broker or investment app will provide:
• An offer form, or
• An in-app “Public Offers” section
You will then indicate the number of shares you want to buy and authorize the deduction of funds from your account.
Share Allotment:
Once the offer closes, the receiving agents and regulators will process all applications. If the IPO is heavily oversubscribed, as expected, you may receive only a partial allotment (fewer shares than you applied for) instead of your full request. Any unallocated funds will usually be refunded to your settlement account.
After the IPO Closes:
Once the shares are officially listed on the Nigerian Stock Market, you can buy or sell Dangote Refinery shares normally through your brokerage platform, just like any other listed stock.
That is it. The Dangote Refinery IPO could become one of the biggest investment opportunities in Nigeria’s capital market history. However, preparation is key. Open and verify your brokerage account early, ensure your CSCS account is active, and fund your account ahead of time so you can act quickly once the offer opens. Most importantly, invest wisely. Do not invest money you cannot afford to leave untouched for some time, and you can study the IPO prospectus carefully before making your final decision.
LIKE and SHARE this with your friends.
Abiodun Olusola
Many analysts expect the Dangote Refinery IPO window to open around August, but Aliko Dangote recently stated that the IPO is planned for September. So, hopefully, the offer will go live on the Nigerian Exchange Group (NGX) in September. To take advantage of it, below are the steps you need to follow: Open a Brokerage Account:You will need an account with a licensed stockbroker such as ARM Securities, Trove Finance, LeadCapital, Bamboo, Stanbic IBTC, Chaka, Afrinvest, and others. You only need one. You can download their apps from the Play Store or Apple App Store.
Once your account is set up, you should receive your Central Securities Clearing System number (CSCS). This is where Nigerian shares are held electronically. You need a CSCS account to invest in the Dangote Refinery IPO.
To open a brokerage account, you will typically need:
• A valid means of identification (National ID, International Passport, or Driver’s License)
• Your Bank Verification Number (BVN)
• A recent utility bill
• Passport photographs
If You Already Have a Stockbroker AccountIf you already have an account with a stockbroker and you currently buy stocks, then you are already set. It means your CSCS account is active. When the IPO is listed, simply:
• Log in to your brokerage app or platform
• Fund your account
• Go to the IPO/Public Offers section
• Select Dangote Refinery IPO
• Enter the number of shares or amount you want to invest
• Submit your subscription
• Wait for share allotment
That’s all in most cases.
Fund Your Account Early:Large public offers like the anticipated Dangote Refinery IPO are known to sell out quickly and often become heavily oversubscribed. Because of this, it is very important to pre-fund your brokerage account with the amount you intend to invest so your application can be submitted immediately once the subscription window opens. Avoid last-minute network congestion or payment delays. Transfer your investment capital into your broker’s settlement wallet ahead of time.
Watch Out for the Offer Opening:Once you have an account with a stockbroker or digital investment app, keep an eye out for the IPO prospectus and official announcement. When the IPO opens, your broker or investment app will provide:
• An offer form, or
• An in-app “Public Offers” section
You will then indicate the number of shares you want to buy and authorize the deduction of funds from your account.
Share Allotment:Once the offer closes, the receiving agents and regulators will process all applications. If the IPO is heavily oversubscribed, as expected, you may receive only a partial allotment (fewer shares than you applied for) instead of your full request. Any unallocated funds will usually be refunded to your settlement account.
After the IPO Closes:Once the shares are officially listed on the Nigerian Stock Market, you can buy or sell Dangote Refinery shares normally through your brokerage platform, just like any other listed stock.
That is it. The Dangote Refinery IPO could become one of the biggest investment opportunities in Nigeria’s capital market history. However, preparation is key. Open and verify your brokerage account early, ensure your CSCS account is active, and fund your account ahead of time so you can act quickly once the offer opens. Most importantly, invest wisely. Do not invest money you cannot afford to leave untouched for some time, and you can study the IPO prospectus carefully before making your final decision. LIKE and SHARE this with your friends. Abiodun OlusolaOlatunde Akanbi
Member
10 talking points from Aliko Dangote's IPO signing ceremony remarks
1. A Historic African Milestone: The Dangote Petroleum Refinery IPO marks a significant milestone for Nigeria and Africa, opening ownership of Africa’s largest refinery to the public.
2. A Decade of Determination: The refinery journey began over 10 years ago, overcoming significant financing, land acquisition, regulatory and operational hurdles to reach this historic moment.
3. Betting on Africa: The IPO reflects a broader commitment to investing in Africa, expanding industrial capacity and creating opportunities across the continent.
4. Driving Africa’s Industrialisation: Dangote Group’s Vision 2030 is centred on accelerating Africa’s industrialisation, with energy security identified as a critical foundation for sustainable economic growth.
5. Energy Security as a Catalyst: The refinery represents a strategic step toward strengthening Nigeria’s energy security, reducing dependence on imported petroleum products and supporting industrial development.
6. An IPO for the People: With a minimum subscription of just 10 shares, the offer is designed to give ordinary Nigerians and Africans an opportunity to own a stake in the refinery.
7. Building Wealth Through Ownership: The IPO is positioned not simply as a capital-raising exercise, but as an opportunity for workers, entrepreneurs and everyday Nigerians to participate in the refinery’s future growth.
8. Dreaming Big, Achieving Bigger: The journey demonstrates that ambitious projects once considered impossible can become reality through focus, determination, resilience and long-term commitment.
9. Collective Prosperity: The refinery is envisioned as more than a business venture, it is a platform for creating jobs, generating prosperity and contributing to the economic transformation of Nigeria and Africa.
10. Africa’s Biggest IPO: The offering, targeting just over ₦2 trillion at ₦525 per share, is being presented as the biggest IPO in Africa’s history, marking a defining moment for Nigeria’s capital market and industrial story.
~Dangote industries
1. A Historic African Milestone: The Dangote Petroleum Refinery IPO marks a significant milestone for Nigeria and Africa, opening ownership of Africa’s largest refinery to the public.
2. A Decade of Determination: The refinery journey began over 10 years ago, overcoming significant financing, land acquisition, regulatory and operational hurdles to reach this historic moment.
3. Betting on Africa: The IPO reflects a broader commitment to investing in Africa, expanding industrial capacity and creating opportunities across the continent.
4. Driving Africa’s Industrialisation: Dangote Group’s Vision 2030 is centred on accelerating Africa’s industrialisation, with energy security identified as a critical foundation for sustainable economic growth.
5. Energy Security as a Catalyst: The refinery represents a strategic step toward strengthening Nigeria’s energy security, reducing dependence on imported petroleum products and supporting industrial development.
6. An IPO for the People: With a minimum subscription of just 10 shares, the offer is designed to give ordinary Nigerians and Africans an opportunity to own a stake in the refinery.
7. Building Wealth Through Ownership: The IPO is positioned not simply as a capital-raising exercise, but as an opportunity for workers, entrepreneurs and everyday Nigerians to participate in the refinery’s future growth.
8. Dreaming Big, Achieving Bigger: The journey demonstrates that ambitious projects once considered impossible can become reality through focus, determination, resilience and long-term commitment.
9. Collective Prosperity: The refinery is envisioned as more than a business venture, it is a platform for creating jobs, generating prosperity and contributing to the economic transformation of Nigeria and Africa.
10. Africa’s Biggest IPO: The offering, targeting just over ₦2 trillion at ₦525 per share, is being presented as the biggest IPO in Africa’s history, marking a defining moment for Nigeria’s capital market and industrial story.
~Dangote industries
Olatunde Akanbi
Member
The Dangote Refinery IPO is expected to open on September 14, 2026, at ₦525 per share.
You don’t need millions to start.
At ₦525:
10 shares = ₦5,250
100 shares = ₦52,500
1,000 shares = ₦525,000
But before you rush to subscribe, there are a few things you need to understand.
#DangoteRefinery #DangoteIPO #Investing #NigerianStocks #NGX #PersonalFinance
You don’t need millions to start.
At ₦525:
10 shares = ₦5,250
100 shares = ₦52,500
1,000 shares = ₦525,000
But before you rush to subscribe, there are a few things you need to understand.
#DangoteRefinery #DangoteIPO #Investing #NigerianStocks #NGX #PersonalFinance
Olatunde Akanbi
Member
10 talking points from Aliko Dangote's IPO signing ceremony remarks
1. A Historic African Milestone: The Dangote Petroleum Refinery IPO marks a significant milestone for Nigeria and Africa, opening ownership of Africa’s largest refinery to the public.
2. A Decade of Determination: The refinery journey began over 10 years ago, overcoming significant financing, land acquisition, regulatory and operational hurdles to reach this historic moment.
3. Betting on Africa: The IPO reflects a broader commitment to investing in Africa, expanding industrial capacity and creating opportunities across the continent.
4. Driving Africa’s Industrialisation: Dangote Group’s Vision 2030 is centred on accelerating Africa’s industrialisation, with energy security identified as a critical foundation for sustainable economic growth.
5. Energy Security as a Catalyst: The refinery represents a strategic step toward strengthening Nigeria’s energy security, reducing dependence on imported petroleum products and supporting industrial development.
6. An IPO for the People: With a minimum subscription of just 10 shares, the offer is designed to give ordinary Nigerians and Africans an opportunity to own a stake in the refinery.
7. Building Wealth Through Ownership: The IPO is positioned not simply as a capital-raising exercise, but as an opportunity for workers, entrepreneurs and everyday Nigerians to participate in the refinery’s future growth.
8. Dreaming Big, Achieving Bigger: The journey demonstrates that ambitious projects once considered impossible can become reality through focus, determination, resilience and long-term commitment.
9. Collective Prosperity: The refinery is envisioned as more than a business venture, it is a platform for creating jobs, generating prosperity and contributing to the economic transformation of Nigeria and Africa.
10. Africa’s Biggest IPO: The offering, targeting just over ₦2 trillion at ₦525 per share, is being presented as the biggest IPO in Africa’s history, marking a defining moment for Nigeria’s capital market and industrial story.
~Dangote industries
Okoroafor Faith
Member
Yes!
The minimum number of shares an individual can buy is 10 shares.
So: 10 × ₦525 = ₦5,250.
That is one of the most important things for retail investors.
The low minimum subscription.
You don’t necessarily need hundreds of thousands or millions of naira to participate.
The minimum number of shares an individual can buy is 10 shares.
So: 10 × ₦525 = ₦5,250.
That is one of the most important things for retail investors.
The low minimum subscription.
You don’t necessarily need hundreds of thousands or millions of naira to participate.
Olatunde Akanbi
Member
VERIFIED DIGITAL APPS/PLATFORMS YOU CAN BUY THE DANGOTE REFINERY SHARES
The Dangote Industries IPO opens soon, and NGX has published the official list of digital platforms approved to process your application through bank portals, stockbroking apps, and fintech channels
If yours isn’t on the list, that’s your cue to double-check before you invest.
Save this for reference.
Find your stockbroker or app
#DangoteIPO #InvestSmart #NGX #NigerianStockMarket
The Dangote Industries IPO opens soon, and NGX has published the official list of digital platforms approved to process your application through bank portals, stockbroking apps, and fintech channels
If yours isn’t on the list, that’s your cue to double-check before you invest.
Save this for reference.
Find your stockbroker or app
#DangoteIPO #InvestSmart #NGX #NigerianStockMarket
Olatunde Akanbi
Member
Bank PortalsVERIFIED DIGITAL APPS/PLATFORMS YOU CAN BUY THE DANGOTE REFINERY SHARES
The Dangote Industries IPO opens soon, and NGX has published the official list of digital platforms approved to process your application through bank portals, stockbroking apps, and fintech channels
If yours isn’t on the list, that’s your cue to double-check before you invest.
Save this for reference.
Find your stockbroker or app
#DangoteIPO #InvestSmart #NGX #NigerianStockMarket
1. Nigerian Exchange Limited (NGX) Invest Portal
2. Access Bank Plc Portal
3. EcoBank Nigeria Limited Portal
4. Fidelity Bank Plc Portal
5. First Bank of Nigeria Limited Portal
6. First City Monument Bank Limited Portal
7. Globus Bank Limited Portal
8. Guaranty Trust Bank Limited Portal
9. Jaiz Bank Plc Portal
10. LOTUS Bank Limited Portal
11. Keystone Bank Limited Portal
12. PremiumTrust Bank Limited Portal
13. ProvidusUnity Bank Plc Portal
14. Stanbic IBTC Bank Limited Portal
15. Sterling Bank Limited Portal
16. TAJBank Limited Portal
17. Union Bank of Nigeria Plc Portal
18. United Bank for Africa Plc Portal
19. Wema Bank Plc Portal
20. Zenith Bank Plc Portal
Olatunde Akanbi
Member
Stockbroking Firms / Investment PlatformsVERIFIED DIGITAL APPS/PLATFORMS YOU CAN BUY THE DANGOTE REFINERY SHARES
The Dangote Industries IPO opens soon, and NGX has published the official list of digital platforms approved to process your application through bank portals, stockbroking apps, and fintech channels
If yours isn’t on the list, that’s your cue to double-check before you invest.
Save this for reference.
Find your stockbroker or app
#DangoteIPO #InvestSmart #NGX #NigerianStockMarket
21. InvestNaija (Chapel Hill Denham Securities Limited)
22. Vetiva Invest (Vetiva Securities Limited)
23. Afrinvestor (Afrinvest Securities Limited)
24. AnchoriaApp (Anchoria Securities Limited)
25. Bancorp TradePal (Bancorp Securities Limited)
26. CS Alpha (CardinalStone Securities Limited)
27. Coronation Wealth (Coronation Securities Limited)
28. First Securities Brokers Limited Portal
29. Advanta (FSDH Capital Limited)
30. FutureView Invest (Futureview Securities Limited)
31. InvestNow (United Capital Securities Limited)
32. Meritrade (Meristem Stockbrokers Limited)
33. MorganCapital Securities Limited Portal
34. i-Invest (Parthian Partners Limited)
35. Tiddo Invest (Tiddo Securities Limited)
36. Zedcrest Wealth (Zedcrest Securities Limited)
37. SabiVest (Africa Prudential Plc)
Olatunde Akanbi
Member
Above is the FULL list of verified apps and portals cleared to process your application for lDangote IPO.
“ I LIKE DANGOTE REFINERY, BUT WHAT IF THE STOCK FALLS AFTER LISTING?”
This is probably one of the biggest concerns I have been hearing about the Dangote Refinery IPO.
And honestly, it is a valid concern.
We have seen stocks come to the market at an attractive sounding offer price, only for the market price to behave very differently after listing.
So if you are interested in the Dangote Refinery IPO at N525, I think you should have a strategy before you buy.
One approach is the long term strategy.
You buy because you believe in the business, its expansion plans and its ability to generate substantial profits over several years.
If the price falls shortly after listing, you don't automatically panic because your investment thesis is based on the business, not on what happens in the first few weeks.
Another approach is staggered buying.
Instead of putting all the money you intend to invest into the stock at once, you could decide how much you are comfortable committing initially and keep some capital available for a later opportunity.
For example, if you planned to invest N5 million, you could decide beforehand that only part of that amount goes in initially, with the rest reserved for a later price opportunity.
But there is an important warning:
Don't create an artificial rule that says, “If it falls 10%, I must buy more.”
A falling price does not automatically mean a stock is cheaper.
The business and valuation still matter.
There is also the profit taking strategy.
If the stock rises substantially after listing, you don't have to decide between selling everything and selling nothing.
You could take out part of your gains while keeping some shares invested for the long term and use it to buy more if prices fall.
And then there is something I think every investor should have:
An exit strategy.
Before buying, decide what would make you sell.
It could be that the valuation becomes excessively expensive.
It could be that the company's fundamentals deteriorate.
It could be that the reason you bought the stock is no longer valid.
Or it could simply be that the investment has grown to a size that is too large a percentage of your portfolio.
What I wouldn't recommend is buying at ₦525 and deciding your strategy later.
Because when the stock falls to N470, fear will make the decision for you.
And when it rises to N700, greed might make the decision for you.
Your strategy should be decided before your emotions enter the conversation.
The Dangote Refinery IPO may become a very important investment opportunity.
But you don't need to predict whether N525 will be the lowest price or the highest price.
You need to know:
Why am I buying?
How much am I willing to commit?
How long am I willing to hold?
What would make me buy more?
And what would make me sell?
That's how I would approach it.
This is probably one of the biggest concerns I have been hearing about the Dangote Refinery IPO.
And honestly, it is a valid concern.
We have seen stocks come to the market at an attractive sounding offer price, only for the market price to behave very differently after listing.
So if you are interested in the Dangote Refinery IPO at N525, I think you should have a strategy before you buy.
One approach is the long term strategy.
You buy because you believe in the business, its expansion plans and its ability to generate substantial profits over several years.
If the price falls shortly after listing, you don't automatically panic because your investment thesis is based on the business, not on what happens in the first few weeks.
Another approach is staggered buying.
Instead of putting all the money you intend to invest into the stock at once, you could decide how much you are comfortable committing initially and keep some capital available for a later opportunity.
For example, if you planned to invest N5 million, you could decide beforehand that only part of that amount goes in initially, with the rest reserved for a later price opportunity.
But there is an important warning:
Don't create an artificial rule that says, “If it falls 10%, I must buy more.”
A falling price does not automatically mean a stock is cheaper.
The business and valuation still matter.
There is also the profit taking strategy.
If the stock rises substantially after listing, you don't have to decide between selling everything and selling nothing.
You could take out part of your gains while keeping some shares invested for the long term and use it to buy more if prices fall.
And then there is something I think every investor should have:
An exit strategy.
Before buying, decide what would make you sell.
It could be that the valuation becomes excessively expensive.
It could be that the company's fundamentals deteriorate.
It could be that the reason you bought the stock is no longer valid.
Or it could simply be that the investment has grown to a size that is too large a percentage of your portfolio.
What I wouldn't recommend is buying at ₦525 and deciding your strategy later.
Because when the stock falls to N470, fear will make the decision for you.
And when it rises to N700, greed might make the decision for you.
Your strategy should be decided before your emotions enter the conversation.
The Dangote Refinery IPO may become a very important investment opportunity.
But you don't need to predict whether N525 will be the lowest price or the highest price.
You need to know:
Why am I buying?
How much am I willing to commit?
How long am I willing to hold?
What would make me buy more?
And what would make me sell?
That's how I would approach it.
Okoroafor Faith
Member
BEFORE YOU BUY DANGOTE REFINERY AT N525, READ THIS FIRST. 
The Dangote Petroleum Refinery IPO is finally here.
And if you've been seeing people talk about N525 per share and wondering:
"How do I actually invest?"
"How much money do I need?"
"Do I need a stockbroker?"
"What if the price falls after I buy?"
"Can I really start with just N5,250?"
Relax.
Let me break it down in simple language, especially if you've never participated in an IPO before.
The much-anticipated Dangote Petroleum Refinery IPO signing ceremony took place on Monday, September 7, 2026, at Eko Hotel & Suites, Lagos.
The offer involves 4.1 billion ordinary shares at N525 per share, which could raise approximately N2.15 trillion if fully subscribed.
Here are the important dates:
Subscription opens: September 14, 2026
Subscription closes: October 13, 2026
Offer price: N525 per share
Minimum subscription: 10 shares
So yes…
10 shares × N525 = N5,250
before applicable transaction charges.
That means you don't need millions of naira just to participate.
But please don't see N5,250 and immediately shout:
“I'M BUYING DANGOTE!”
There are a few things you need to understand first.
HOW MUCH DO I NEED?
The minimum is 10 shares.
At N525 per share:
• 10 shares = N5,250
• 100 shares = N52,500
• 500 shares = N262,500
• 1,000 shares = N525,000
• 2,000 shares = N1,050,000
But here's the important part:
The fact that you can afford more doesn't mean you should invest more.
Your investment should be based on your income, financial obligations, investment goals and risk tolerance.
Don't see somebody investing N5 million and decide to compete with them.
Invest according to YOUR financial capacity.
DO I NEED A STOCKBROKER?
Yes.
You need to make sure your investment is done through the appropriate SEC-registered capital market operator/stockbroker and authorised channels.
If you already have an active investment account and functioning CSCS account, you're already prepared.
If you don't have one yet, don't wait until September 14th before you start asking:
"So how do I buy this thing?"
Get your investment setup sorted early.
SHOULD I WAIT UNTIL SEPTEMBER 14TH?
You can prepare before the subscription opens.
If you've already decided that you want to participate, determine how much you're comfortable investing and make sure your funds are available through the appropriate channel.
But there's a big difference between being prepared and being pressured.
You don't have to buy simply because everybody on Facebook is talking about Dangote Refinery.
WHO SHOULD I SEND MY MONEY TO?
PLEASE PAY ATTENTION TO THIS.
The scheduled subscription period is:
September 14 – October 13, 2026.
If somebody suddenly sends you a DM saying:
"Send N500,000 to me. I'll help you secure Dangote Refinery shares."
STOP.
Don't transfer your money to random individuals.
Infact do not send money to any body including me
Don't allow excitement and FOMO( fear of missing out ) to turn an investment opportunity into an investment scam.
Use the appropriate authorised channels and verify who you're dealing with.
Your money deserves more than a WhatsApp promise.
DO YOU ACTUALLY UNDERSTAND WHAT YOU'RE BUYING?
This is probably the most important question.
Don't buy simply because the name is Dangote.
Before investing, read the approved offer documents and understand what you're buying.
Look at things like:
The company
Its financial position
The offer structure
How the proceeds will be used
The risks involved
The terms of the offer
What owning the shares actually means
If you don't understand something, ask questions.
There's absolutely nothing wrong with saying:
“I don't understand this yet.”
That's better than putting your money into something because everyone else is doing it.
PLEASE DON'T ASSUME ₦525 WILL BECOME N1,000
This is where I expect many people to get excited.
The moment they hear:
“Dangote Refinery IPO — N525!”
They've already calculated:
N525 → N1,000
Then:
"If I buy 10,000 shares, I'll make N4.75 million!"
My brother, my sister, come back first.
Nobody can guarantee that the share price will rise after listing.
Once the shares begin trading, the market will determine the price.
It could go up.
It could remain around the offer price.
It could also fall below N525.
The stock market doesn't care about your expectations.
Price movement will be influenced by things like:
Demand + Supply + Company Performance + Earnings + Investor Sentiment + Economic Conditions + Market Expectations.
An IPO is an investment opportunity.
It is not a guaranteed profit machine.
WHAT IF I BUY AND THE PRICE FALLS?
This is why you need a plan BEFORE you invest.
Imagine buying at ₦525 and seeing the price drop to ₦480 after listing.
What will you do?
Sell immediately?
Buy more?
Hold?
Panic?
Abuse your stockbroker?
This is why you shouldn't invest money you cannot afford to leave invested.
Short-term price movements are normal in the stock market.
The goal isn't to check your portfolio every five minutes.
The goal is to understand why you bought the investment in the first place.
PLEASE DON'T USE MONEY YOU NEED TO SURVIVE.
I know somebody needs to hear this.
Don't take a loan-app loan to buy Dangote Refinery shares.
Don't borrow your rent.
Don't use school fees.
Don't use money meant for feeding.
Don't empty your emergency savings.
Don't take money from your business simply because you think the share price will rise.
And if you have ₦10 million available for investments, don't automatically conclude:
“Let me put everything into Dangote Refinery.”
Why?
Because diversification matters.
One company should not determine your entire financial future.
SO, HOW MUCH SHOULD YOU INVEST?
Don't ask:
“How much is everybody else investing?”
Ask:
“How much can I comfortably invest without putting myself under financial pressure?”
Look at your:
• Income
• Expenses
• Existing investments
• Debts and obligations
• Emergency savings
• Investment goals
• Risk tolerance
Then determine an amount that makes sense for YOU.
It could be N5,250.
It could be N52,500.
It could be N525,000.
It could be N1 million.
Or it could be N0.
Yes.
You are allowed to decide not to invest.
WHAT HAPPENS AFTER I APPLY?
Here's something first-time investors should understand.
Applying for shares doesn't necessarily mean you'll receive exactly the number of shares you requested.
If the offer is heavily oversubscribed, the eventual allocation may differ from your application, depending on the approved allocation terms and process.
So please don't apply for 10,000 shares today and start spending the imaginary profit tomorrow.
Wait for the official allocation process.
And when the shares are eventually allotted and listed, remember:
You are a shareholder.
You're not a lottery winner.
Your next question should not be:
"How quickly will this double?"
It should be:
“How is this company performing, and does it still deserve a place in my portfolio?”
That's the mindset shift from speculating to investing.
SO, SHOULD YOU BUY THE DANGOTE REFINERY IPO?
That's a decision only you can make based on your financial situation, objectives and understanding of the investment.
But here's what I don't want you to do:
Don't buy because everybody is shouting “BUY!”
Don't buy because your friend is buying.
Don't buy because you think N525 must become N1,000.
Don't borrow money because you're afraid of missing out.
Don't send your money to a random person on WhatsApp.
Don't invest in something you don't understand.
Instead:
LEARN.
UNDERSTAND.
ASSESS THE RISKS.
MAKE YOUR DECISION.
And most importantly, invest with a plan, not excitement.
The Dangote Refinery IPO is a significant development for Nigeria's capital market, and it may give more Nigerians an opportunity to participate in the ownership of a major Nigerian industrial company.
But opportunity doesn't mean you should rush.
Your money deserves a strategy.
That's what I'll be doing here, breaking down the Dangote Refinery IPO, Nigerian stocks, real estate and wealth creation in simple, practical language.
#DangoteRefineryIPO
#NigerianStocks
#NGX
#InvestingInNigeria
The Dangote Petroleum Refinery IPO is finally here.
And if you've been seeing people talk about N525 per share and wondering:
"How do I actually invest?"
"How much money do I need?"
"Do I need a stockbroker?"
"What if the price falls after I buy?"
"Can I really start with just N5,250?"
Relax.
Let me break it down in simple language, especially if you've never participated in an IPO before.
The much-anticipated Dangote Petroleum Refinery IPO signing ceremony took place on Monday, September 7, 2026, at Eko Hotel & Suites, Lagos.
The offer involves 4.1 billion ordinary shares at N525 per share, which could raise approximately N2.15 trillion if fully subscribed.
Here are the important dates:
Subscription opens: September 14, 2026 Subscription closes: October 13, 2026 Offer price: N525 per share Minimum subscription: 10 sharesSo yes…
10 shares × N525 = N5,250
before applicable transaction charges.
That means you don't need millions of naira just to participate.
But please don't see N5,250 and immediately shout:
“I'M BUYING DANGOTE!”
There are a few things you need to understand first.
HOW MUCH DO I NEED?The minimum is 10 shares.
At N525 per share:
• 10 shares = N5,250
• 100 shares = N52,500
• 500 shares = N262,500
• 1,000 shares = N525,000
• 2,000 shares = N1,050,000
But here's the important part:
The fact that you can afford more doesn't mean you should invest more.
Your investment should be based on your income, financial obligations, investment goals and risk tolerance.
Don't see somebody investing N5 million and decide to compete with them.
Invest according to YOUR financial capacity.
DO I NEED A STOCKBROKER?Yes.
You need to make sure your investment is done through the appropriate SEC-registered capital market operator/stockbroker and authorised channels.
If you already have an active investment account and functioning CSCS account, you're already prepared.
If you don't have one yet, don't wait until September 14th before you start asking:
"So how do I buy this thing?"
Get your investment setup sorted early.
SHOULD I WAIT UNTIL SEPTEMBER 14TH?You can prepare before the subscription opens.
If you've already decided that you want to participate, determine how much you're comfortable investing and make sure your funds are available through the appropriate channel.
But there's a big difference between being prepared and being pressured.
You don't have to buy simply because everybody on Facebook is talking about Dangote Refinery.
WHO SHOULD I SEND MY MONEY TO?PLEASE PAY ATTENTION TO THIS.
The scheduled subscription period is:
September 14 – October 13, 2026.
If somebody suddenly sends you a DM saying:
"Send N500,000 to me. I'll help you secure Dangote Refinery shares."
STOP.
Don't transfer your money to random individuals.
Infact do not send money to any body including me
Don't allow excitement and FOMO( fear of missing out ) to turn an investment opportunity into an investment scam.
Use the appropriate authorised channels and verify who you're dealing with.
Your money deserves more than a WhatsApp promise.
DO YOU ACTUALLY UNDERSTAND WHAT YOU'RE BUYING?This is probably the most important question.
Don't buy simply because the name is Dangote.
Before investing, read the approved offer documents and understand what you're buying.
Look at things like:
The company Its financial position The offer structure How the proceeds will be used The risks involved The terms of the offer What owning the shares actually meansIf you don't understand something, ask questions.
There's absolutely nothing wrong with saying:
“I don't understand this yet.”
That's better than putting your money into something because everyone else is doing it.
PLEASE DON'T ASSUME ₦525 WILL BECOME N1,000 This is where I expect many people to get excited.
The moment they hear:
“Dangote Refinery IPO — N525!”
They've already calculated:
N525 → N1,000
Then:
"If I buy 10,000 shares, I'll make N4.75 million!"
My brother, my sister, come back first.
Nobody can guarantee that the share price will rise after listing.
Once the shares begin trading, the market will determine the price.
It could go up.
It could remain around the offer price.
It could also fall below N525.
The stock market doesn't care about your expectations.
Price movement will be influenced by things like:
Demand + Supply + Company Performance + Earnings + Investor Sentiment + Economic Conditions + Market Expectations.
An IPO is an investment opportunity.
It is not a guaranteed profit machine.
WHAT IF I BUY AND THE PRICE FALLS?This is why you need a plan BEFORE you invest.
Imagine buying at ₦525 and seeing the price drop to ₦480 after listing.
What will you do?
Sell immediately?
Buy more?
Hold?
Panic?
Abuse your stockbroker?
This is why you shouldn't invest money you cannot afford to leave invested.
Short-term price movements are normal in the stock market.
The goal isn't to check your portfolio every five minutes.
The goal is to understand why you bought the investment in the first place.
PLEASE DON'T USE MONEY YOU NEED TO SURVIVE.I know somebody needs to hear this.
Don't take a loan-app loan to buy Dangote Refinery shares.
Don't borrow your rent.
Don't use school fees.
Don't use money meant for feeding.
Don't empty your emergency savings.
Don't take money from your business simply because you think the share price will rise.
And if you have ₦10 million available for investments, don't automatically conclude:
“Let me put everything into Dangote Refinery.”
Why?
Because diversification matters.
One company should not determine your entire financial future.
SO, HOW MUCH SHOULD YOU INVEST?Don't ask:
“How much is everybody else investing?”
Ask:
“How much can I comfortably invest without putting myself under financial pressure?”
Look at your:
• Income
• Expenses
• Existing investments
• Debts and obligations
• Emergency savings
• Investment goals
• Risk tolerance
Then determine an amount that makes sense for YOU.
It could be N5,250.
It could be N52,500.
It could be N525,000.
It could be N1 million.
Or it could be N0.
Yes.
You are allowed to decide not to invest.
WHAT HAPPENS AFTER I APPLY?Here's something first-time investors should understand.
Applying for shares doesn't necessarily mean you'll receive exactly the number of shares you requested.
If the offer is heavily oversubscribed, the eventual allocation may differ from your application, depending on the approved allocation terms and process.
So please don't apply for 10,000 shares today and start spending the imaginary profit tomorrow.
Wait for the official allocation process.
And when the shares are eventually allotted and listed, remember:
You are a shareholder.
You're not a lottery winner.
Your next question should not be:
"How quickly will this double?"
It should be:
“How is this company performing, and does it still deserve a place in my portfolio?”
That's the mindset shift from speculating to investing.
SO, SHOULD YOU BUY THE DANGOTE REFINERY IPO?
That's a decision only you can make based on your financial situation, objectives and understanding of the investment.
But here's what I don't want you to do:
Don't buy because everybody is shouting “BUY!” Don't buy because your friend is buying. Don't buy because you think N525 must become N1,000. Don't borrow money because you're afraid of missing out. Don't send your money to a random person on WhatsApp. Don't invest in something you don't understand.Instead:
LEARN.
UNDERSTAND.
ASSESS THE RISKS.
MAKE YOUR DECISION.
And most importantly, invest with a plan, not excitement.
The Dangote Refinery IPO is a significant development for Nigeria's capital market, and it may give more Nigerians an opportunity to participate in the ownership of a major Nigerian industrial company.
But opportunity doesn't mean you should rush.
Your money deserves a strategy.
That's what I'll be doing here, breaking down the Dangote Refinery IPO, Nigerian stocks, real estate and wealth creation in simple, practical language.
#DangoteRefineryIPO
#NigerianStocks
#NGX
#InvestingInNigeria
Yekini Grace
Member
The Dangote Refinery prospectus is out. Copy and paste this prompt alongside the prospectus in ChatGpt.
Act as an expert equity research analyst specializing in the African oil and gas sector and emerging market IPOs. Analyze the attached Dangote Petroleum Refinery prospectus to determine if this IPO is a "Good Buy" for a retail investor looking for long-term growth.
Provide a structured analysis addressing the following specific areas:
1. FINANCIAL HEALTH & VALUATION: Evaluate the company's current balance sheet, debt-to-equity ratio, and projected revenues. Is the fixed price of ₦525.00 per share fundamentally justified, or is the $40 billion total valuation overpricing the asset?
2. EXPANSION & GROWTH FEASIBILITY: Assess the risks and feasibility of their $14.3 billion expansion project to double capacity to 1.4 million barrels per day by 2029. Does the prospectus outline clear capital expenditure efficiency, or is there a high risk of project delays and cost overruns?
3. RISK FACTORS: Identify the top 3 structural or macroeconomic risks disclosed in the prospectus (e.g., crude oil supply security, foreign exchange volatility, regulatory changes in Nigeria). How robust are their stated mitigation strategies?
4. INCENTIVE STRUCTURE: Analyze the loyalty bonus share structure. Does this mechanism provide genuine downside protection for retail investors, or is it a psychological tool to lock up capital?
5. FINAL VERDICT: Provide a clear "Buy", "Hold", or "Avoid" recommendation based on a 3-to-5-year investment horizon. Include a brief summary of the type of investor this IPO is best suited for (e.g., aggressive growth vs. conservative income).
Act as an expert equity research analyst specializing in the African oil and gas sector and emerging market IPOs. Analyze the attached Dangote Petroleum Refinery prospectus to determine if this IPO is a "Good Buy" for a retail investor looking for long-term growth.
Provide a structured analysis addressing the following specific areas:
1. FINANCIAL HEALTH & VALUATION: Evaluate the company's current balance sheet, debt-to-equity ratio, and projected revenues. Is the fixed price of ₦525.00 per share fundamentally justified, or is the $40 billion total valuation overpricing the asset?
2. EXPANSION & GROWTH FEASIBILITY: Assess the risks and feasibility of their $14.3 billion expansion project to double capacity to 1.4 million barrels per day by 2029. Does the prospectus outline clear capital expenditure efficiency, or is there a high risk of project delays and cost overruns?
3. RISK FACTORS: Identify the top 3 structural or macroeconomic risks disclosed in the prospectus (e.g., crude oil supply security, foreign exchange volatility, regulatory changes in Nigeria). How robust are their stated mitigation strategies?
4. INCENTIVE STRUCTURE: Analyze the loyalty bonus share structure. Does this mechanism provide genuine downside protection for retail investors, or is it a psychological tool to lock up capital?
5. FINAL VERDICT: Provide a clear "Buy", "Hold", or "Avoid" recommendation based on a 3-to-5-year investment horizon. Include a brief summary of the type of investor this IPO is best suited for (e.g., aggressive growth vs. conservative income).
Eno Bassey
New member
My practical conclusion is to let the shares list, observe the first audited post-IPO results and wait for either a lower price or clearer evidence that exceptional 2026 margins are sustainable.
Washira Burutu
New member
I spent the weekend reading 194 pages of the Dangote Refinery IPO Prospectus and I can tell you that
The Dangote Refinery IPO is not as simple as
“Dangote is a good company, so buy the shares.”
Or
"Dangote Refinery IPO is expensive, so avoid it"
I found 15 things in the prospectus that every investor should understand before putting any cash (urgent or not) into this IPO.
====
1. The IPO is raising ₦2.15 TRILLION.
Dangote Refinery is offering up to 4.1 billion shares at ₦525 per share.
That will generate gross proceeds of ₦2.1525 trillion.
After estimated offer costs of about ₦41.49 billion, the net proceeds are expected to be approximately ₦2.111 trillion.
===
2. The IPO money is for expansion
Dangote Refinery currently has 700,000 barrels-per-day refining capacity.
The company plans to add another 700,000 barrels per day, taking capacity to approximately 1.4 million barrels per day.
The estimated cost of this expansion?
$14.269 BILLION.
Yes, you read that correctly
₦2.1 trillion from the IPO is going into an expansion programme that is estimated to cost $14.269 billion (
Which means unlike what Nigerians think this is not a "cashout" window for early investors
===
3. Dangote Refinery's numbers changed dramatically in 2026.
FY2025: $455m (₦723 billion) LOSS after tax
H1 2026: $1.82b ln (₦2.504 trillion) PROFIT after tax
Revenue in H1 2026 was $13.91bn (₦19.135 trillion)
Operating profit was $2.50bn (₦3.254 trillion)
Operating cash flow was ₦1.751 trillion
That is quite a massive turnaround
But as an investor, I don't just want to know that earnings are high.
I want to know:
Can these earnings be sustained overtime?
Because the prospectus itself warns investors that refining margins, crude prices, product prices and other factors can materially affect future performance.
===
4. Finance costs were a BIG problem in 2025.
Dangote Refinery incurred approximately ₦979 billion in finance costs in 2025.
That is a very important number when trying to understand why the company reported a ₦723 billion loss.
So if somebody tells you:
“Dangote Refinery made a loss in 2025.”
They are correct
But that doesn't tell the entire story
You have to look at the cashflow statement
===
5. Dangote doesn't get all its crude from Nigeria.
In 2025, only 60% of the refinery's crude feedstock was sourced from Nigeria
The rest were imported
As at June 2026, the refinery had processed 36 different crude grades from Africa, South America, the United States and the Middle East.
This is actually an interesting part of the business model
It gives the refinery flexibility in sourcing crude
But it also means the company is exposed to international crude prices and global refining economics
===
6. Dangote Refinery already has a dominant position in Nigeria's PMS market.
As at 31 May 2026, the prospectus says Dangote supplied:
100% of domestically produced PMS in Nigeria, excluding imports.
And approximately:
87.6% of total PMS supply, including imports
PMS revenue was ₦7.5 trillion in 2025
In just H1 2026, PMS revenue increased to approximately ₦8.13 trillion, representing 42.5% of total revenue.
That's a serious market position just the way Aliko Dangote loves it
===
7. This is NOT simply a “Nigeria needs fuel” investment.
This is one of the things I found particularly interesting
The prospectus says Dangote's profitability is primarily driven by international crude oil prices, refined product prices and global refining margins.
Its products are already being sold across several African countries and international markets including Singapore, Oman, Malaysia, the United States, Brazil and Europe.
So the real business is much bigger than supplying petrol to Nigerians
===
8. Its refining margin is currently quite attractive
The prospectus estimates a 2026 Gross Refining Margin (GRM) of about $24.2 per barrel.
But here's the important part: refining margins are cyclical.
So you shouldn't simply take today's margin and assume it will remain that way forever.
A major part of the investment thesis is whether Dangote can maintain strong margins through different phases of the refining cycle.
===
9. There is no guaranteed dividend
This one is particularly important for Nigerian investors who think:
"If I buy these shares, Dangote will pay me dollar dividends."
Not necessarily
The prospectus does not guarantee dividends. Dividend decisions will depend on cash flow, capital requirements, financing arrangements, applicable laws and board decisions.
And with a $14.269 billion expansion programme ahead, the company has plenty of places to deploy cash over paying investors dividends
===
10. At ₦525, you're not just buying the Dangote Refinery of today.
This, for many people, is a big concern
At ₦525 per share, you're putting a very significant valuation on the company
And the investment case depends heavily on what this refinery can become:
700,000 barrels per day today
1.4 million barrels per day after the planned expansion.
More products
More exports
More cash flow
More earnings
But here's the question every investor should ask:
How much of that future growth is already reflected in the ₦525 price?
Because there is a huge difference between:
“Dangote Refinery is a great business.”
and
“Dangote Refinery is a great investment at ₦525.”
They are NOT the same statement
So, am I buying?
Well, I'm still on the fence
Not because Dangote Refinery is a bad business.
And not because I think the IPO is a bad investment.
But because a good company can still be a bad investment for you.
I will be sharing my full analysis of the Dangote refinery IPO, including the bull case, the bear case and what ₦525 actually means for the valuation, in a video tonite Youtube.
If you found this article helpful, please share so others can read and make an informed decision.
The Dangote Refinery IPO is not as simple as
“Dangote is a good company, so buy the shares.”
Or
"Dangote Refinery IPO is expensive, so avoid it"
I found 15 things in the prospectus that every investor should understand before putting any cash (urgent or not) into this IPO.
====
1. The IPO is raising ₦2.15 TRILLION.
Dangote Refinery is offering up to 4.1 billion shares at ₦525 per share.
That will generate gross proceeds of ₦2.1525 trillion.
After estimated offer costs of about ₦41.49 billion, the net proceeds are expected to be approximately ₦2.111 trillion.
===
2. The IPO money is for expansion
Dangote Refinery currently has 700,000 barrels-per-day refining capacity.
The company plans to add another 700,000 barrels per day, taking capacity to approximately 1.4 million barrels per day.
The estimated cost of this expansion?
$14.269 BILLION.
Yes, you read that correctly
₦2.1 trillion from the IPO is going into an expansion programme that is estimated to cost $14.269 billion (
Which means unlike what Nigerians think this is not a "cashout" window for early investors
===
3. Dangote Refinery's numbers changed dramatically in 2026.
FY2025: $455m (₦723 billion) LOSS after tax
H1 2026: $1.82b ln (₦2.504 trillion) PROFIT after tax
Revenue in H1 2026 was $13.91bn (₦19.135 trillion)
Operating profit was $2.50bn (₦3.254 trillion)
Operating cash flow was ₦1.751 trillion
That is quite a massive turnaround
But as an investor, I don't just want to know that earnings are high.
I want to know:
Can these earnings be sustained overtime?
Because the prospectus itself warns investors that refining margins, crude prices, product prices and other factors can materially affect future performance.
===
4. Finance costs were a BIG problem in 2025.
Dangote Refinery incurred approximately ₦979 billion in finance costs in 2025.
That is a very important number when trying to understand why the company reported a ₦723 billion loss.
So if somebody tells you:
“Dangote Refinery made a loss in 2025.”
They are correct
But that doesn't tell the entire story
You have to look at the cashflow statement
===
5. Dangote doesn't get all its crude from Nigeria.
In 2025, only 60% of the refinery's crude feedstock was sourced from Nigeria
The rest were imported
As at June 2026, the refinery had processed 36 different crude grades from Africa, South America, the United States and the Middle East.
This is actually an interesting part of the business model
It gives the refinery flexibility in sourcing crude
But it also means the company is exposed to international crude prices and global refining economics
===
6. Dangote Refinery already has a dominant position in Nigeria's PMS market.
As at 31 May 2026, the prospectus says Dangote supplied:
100% of domestically produced PMS in Nigeria, excluding imports.
And approximately:
87.6% of total PMS supply, including imports
PMS revenue was ₦7.5 trillion in 2025
In just H1 2026, PMS revenue increased to approximately ₦8.13 trillion, representing 42.5% of total revenue.
That's a serious market position just the way Aliko Dangote loves it
===
7. This is NOT simply a “Nigeria needs fuel” investment.
This is one of the things I found particularly interesting
The prospectus says Dangote's profitability is primarily driven by international crude oil prices, refined product prices and global refining margins.
Its products are already being sold across several African countries and international markets including Singapore, Oman, Malaysia, the United States, Brazil and Europe.
So the real business is much bigger than supplying petrol to Nigerians
===
8. Its refining margin is currently quite attractive
The prospectus estimates a 2026 Gross Refining Margin (GRM) of about $24.2 per barrel.
But here's the important part: refining margins are cyclical.
So you shouldn't simply take today's margin and assume it will remain that way forever.
A major part of the investment thesis is whether Dangote can maintain strong margins through different phases of the refining cycle.
===
9. There is no guaranteed dividend
This one is particularly important for Nigerian investors who think:
"If I buy these shares, Dangote will pay me dollar dividends."
Not necessarily
The prospectus does not guarantee dividends. Dividend decisions will depend on cash flow, capital requirements, financing arrangements, applicable laws and board decisions.
And with a $14.269 billion expansion programme ahead, the company has plenty of places to deploy cash over paying investors dividends
===
10. At ₦525, you're not just buying the Dangote Refinery of today.
This, for many people, is a big concern
At ₦525 per share, you're putting a very significant valuation on the company
And the investment case depends heavily on what this refinery can become:
700,000 barrels per day today
1.4 million barrels per day after the planned expansion.
More products
More exports
More cash flow
More earnings
But here's the question every investor should ask:
How much of that future growth is already reflected in the ₦525 price?
Because there is a huge difference between:
“Dangote Refinery is a great business.”
and
“Dangote Refinery is a great investment at ₦525.”
They are NOT the same statement
So, am I buying?
Well, I'm still on the fence
Not because Dangote Refinery is a bad business.
And not because I think the IPO is a bad investment.
But because a good company can still be a bad investment for you.
I will be sharing my full analysis of the Dangote refinery IPO, including the bull case, the bear case and what ₦525 actually means for the valuation, in a video tonite Youtube.
If you found this article helpful, please share so others can read and make an informed decision.
Olatunde Akanbi
Member
The listing of the Dangote Refinery, the first refinery to be offered on the Nigerian Exchange in its 66-year history, is another important step for Nigerian capital market and economy.
Olatunde Akanbi
Member
LOOK BEYOND THE REFINERY.
Look at the people running it.
That's why people are buying.
1. When you buy shares...
You are not just buying:
Buildings.
Machines.
Pipes.
Land.
You are buying into the company.
2. Look at Dangote Refinery.
Aliko Dangote
Chairman and founder.
But look at the management working with him.
Look at the people running it.
That's why people are buying.
1. When you buy shares...
You are not just buying:
Buildings.
Machines.
Pipes.
Land.
You are buying into the company.
2. Look at Dangote Refinery.
Aliko Dangote
Chairman and founder.
But look at the management working with him.
Olatunde Akanbi
Member
3. DAVID BIRD
Chief Executive Officer / Managing Director.
Decades of experience across:
Refining.
Oil & Gas.
Petrochemicals.
LNG.
Large energy operations.
4. Then there is:
DEVAKUMAR V.G. EDWIN
Group Vice President,
Oil & Gas and Fertiliser.
He joined Dangote in 1992.
He has moved through several senior leadership roles in the Group.
5. There are also people like:
Olakunle Alake
Fatima Aliko-Dangote
Aliyu Suleiman
And other senior executives with different responsibilities.
This is not one person running everything.
Olatunde Akanbi
Member
6. There are layers:
OWNERSHIP
↓
BOARD
↓
STRATEGY
↓
BUSINESS LEADERSHIP
↓
OPERATIONS
7. This is what I want business owners to think about.
Can you build a company that other people can run?
OWNERSHIP
↓
BOARD
↓
STRATEGY
↓
BUSINESS LEADERSHIP
↓
OPERATIONS
7. This is what I want business owners to think about.
Can you build a company that other people can run?