President of the Dangote Group, Aliko Dangote, has assured the investing public that the Dangote Petroleum Refinery and Petrochemicals FZE will be the most viable company in Africa by the end of December 2026.

The billionaire entrepreneur assured on Monday on the trading floor of the NGX as he delivered his opening address during the Initial Public Offering (IPO) in Lagos.

The IPO, which opens today, September 14, 2026, consists of 4.1 billion new ordinary shares offered at N525 per share, with a minimum subscription of 10 shares valued at N5,250. The offer is expected to remain open until October 13, 2026, subject to the terms outlined in the Prospectus.

The transaction is targeted at retail, institutional, and eligible African investors, reinforcing Dangote Refinery’s commitment to broadening ownership and deepening participation in Nigeria’s capital market.

“The IPO is about making sure that we invite the public so that they can get part of the investment. Most likely, people don’t even know what they are buying. But I can tell you. Everything is in the hands of God, but by the end of this year, this is going to be the largest company in Africa, not in Nigeria.  So you are buying a future where the company will be way ahead of a lot of seven companies. Don’t let the train leave you at the station.

“However, we believe that a project of this magnitude should not create value for only a few people. Not only for Nigerians. The IPO provides opportunity for teachers, civil servants, people who even have their children abroad, to now have the confidence of keeping them abroad, so that even when there is devaluation, they will continue to pay their school fees because you will be getting your dividends in dollars.”

He assured investors, especially parents with children abroad, of a viable return in investment capable of relieving them of the burden of paying off their children’s school fees in case of devaluation of the naira.