Dangote Refinery Declares Final Call As $22.5bn Revenue Sparks IPO Rush

Dangote Petroleum Refinery & Petrochemicals has issued a final call to investors as its Initial Public Offering (IPO) enters its last 48 hours amid unprecedented demand driven by its record financial performance.
The company confirmed that the offer will close on Tuesday, 27 October 2026 as scheduled, with no extension.
The rush follows the release of its nine-month results ended September 30, 2026, which showed a dramatic turnaround. Revenue soared 144 per cent year-on-year to $22.5 billion, while the refinery posted a net profit of $4.73 billion compared to a loss in the same period of 2025. EBITDA hit $5.5 billion on higher throughput and stronger margins, and the balance sheet fli...