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5 simple facts every African should know about Dangote’s $49Billion Refinery Biggest ever IPO

1. You can now own a piece of it 

For the first time ever, Africa’s richest man is selling pieces (shares) of his massive $49 billion oil refinery to the public. Instead of just buying petrol from Dangote, you can now become one of the owners of the company.

2. It is incredibly cheap to start 

You do not need to be rich to buy in. The entry price has been set very low so everyday citizens can join: 

Cost per share: ₦525 

Minimum to buy: 10 shares

3. You can buy it right on your phone 

You don’t need to visit a fancy bank or sign stacks of paperwork. This is a fully digital launch. Everyday people can buy shares easily through The Official NGX Portal or Digital Investment Apps (e.g Bamboo, Cowrywise, Afrinvest e.t.c).

4. The clock is ticking 

You only have a small window of time to buy these shares at the starting price:

Starts: Monday, September 14, 2026

Ends: Tuesday, October 13, 2026

5. It helps protect your money 

African countries usually export raw crude oil and pay a lot of money to import expensive petrol. This refinery changes that by making fuel right here in Africa. Because the refinery sells fuel globally in US Dollars, owning a piece of it can help protect your savings from inflation and local currency drops.

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Samuel Oluwamayomikun
Samuel Oluwamayomikun
Samuel Oluwamayomikun is the Editor in Chief and Lead Copywriter at Empire Magazine Africa, where he leads editorial direction and shapes compelling narratives across business, culture, leadership, and African excellence. With a sharp eye for storytelling and strategic communication, he oversees content development, brand voice, and high impact features that position individuals and organisations with clarity and influence. His work sits at the intersection of journalism, brand storytelling, and editorial strategy, ensuring every piece published aligns with Empire Magazine Africa’s standard of depth, credibility, and cultural relevance

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