Dangote Petroleum Refinery don report say more people dey rush to buy shares for the company as the deadline to apply for the shares, October 27, 2026, dey near.
The company confirm say the offer go close on Tuesday, October 27, as dem plan am. Management talk say dem no go extend the deadline again, so anybody wey wan buy shares must complete im application before the offer close.
The rush to buy shares come after the refinery release im financial report for the first nine months of 2026, wey show say the company make more money and increase im profit.
According to the report, Dangote Refinery make $22.5 billion from sales and $4.73 billion profit for the nine months wey end September 30, 2026.
The company revenue increase by 144 per cent compared to the same period for 2025. The money wey the company make from im main business before interest, tax, depreciation and amortisation also rise reach $5.5 billion.
The report show say the refinery increase the amount of crude oil wey e dey process, improve how e dey operate and benefit from better refining profit margins.
The company also talk say e don move from owing more money than e get in cash to having more cash than debt.
Management explain say the strong financial results and the refinery’s importance to Africa’s energy supply and industrial growth don attract interest from different kinds of investors.
These investors include ordinary Nigerians, pension funds, big investment companies, business owners, professionals and Africans wey dey live outside the continent.
The company talk say the interest wey investors dey show reflect the confidence wey dem get for the business and the financial results wey e don record.
Management add say the share offer no be only about raising money for the company. E also give Nigerians, other Africans and international investors chance to own part of one of Africa’s major industrial businesses.
The refinery say investors don apply from different parts of Nigeria, other African countries and international markets.
According to the company, the refinery fit help Africa increase industrial growth, earn foreign exchange, improve trade between countries and strengthen energy supply across the continent.
Management also explain say dem arrange the share offer to allow ordinary investors buy shares alongside big investment companies and other institutional investors.
The company repeat say the offer go close on Tuesday, October 27, 2026, and dem no go extend the deadline again.
People wey never complete their applications don receive advice to contact their stockbrokers or approved agents and finish the process before the deadline.
Management describe the offer as an opportunity for investors to own part of the refinery and benefit if the business continues to grow. However, returns no dey guaranteed, and share prices fit rise or fall.
The company also thank regulators, stockbrokers, financial institutions, technology partners, investor groups and members of the public for the support wey dem give throughout the offer period.
Dangote Refinery say the strong interest show say more people dey ready to invest in big African businesses and say African capital markets fit support major industrial projects.
The company add say e remain committed to growing the business and creating long-term value for shareholders.
