# Nigeria Dangote Refinery IPO Gets Global Investors

> Dangote Refinery's IPO draws investors from 90 countries, setting new African market records.
- Title: Nigeria Dangote Refinery IPO Gets Global Investors · Allafrica
- Summary: Dangote Refinery's IPO draws investors from 90 countries, setting new African market records. Dangote Petroleum Refinery's IPO attracted investors from 90…
- Keywords: nigeria, dangote refinery, ipo, investors, africa, petroleum, refinery, nigerian market, capital markets, african industrialization, news, world
- Source: Allafrica — https://allafrica.com/stories/202610190023.html
- Published: 2026-10-19T03:43:44+00:00
- Read time: 1 min
- Topics: nigeria, dangote refinery, ipo, investors, africa, petroleum, refinery, nigerian market, capital markets, african industrialization, news, world
## Dangote Refinery IPO
Dangote Petroleum Refinery & Petrochemicals announced its Initial Public Offering attracted investors from 90 countries.
## Investor Participation
Subscriptions received from 51 of Africa's 54 nations and investors across 90 countries globally.
## Pan-African Offering
The transaction is Africa's first truly pan-African public offering reflecting strong investor confidence in African-led industrialization.
## Market Records
The IPO broke the Nigerian market record on opening day and surpassed the previous African record within ten days.
## Financial Performance
For nine months ended September 30, 2026, Dangote reported US$22.5 billion revenue and US$4.7 billion net profit.
## Turnaround
The company saw a revenue increase of 144 percent and EBITDA growth nearly nine-fold from 2025 results.
## Balance Sheet
Net debt reduced from US$1.73 billion to US$651 million, improving liquidity and financial resilience.
## CEO Statement
Murat Erden said the offering represents a landmark opportunity for Africans and global investors to own transformative industrial assets.
## Key takeaway

Dangote Petroleum Refinery's IPO attracted investors from 90 countries, breaking Nigerian market records and becoming Africa's first pan-African public offering.