The Emir made the remarks in Kano during a stakeholders’ engagement on the public share offering of Dangote Petroleum Refinery and Petrochemicals, which is now open to investors across Nigeria.
Dangote launched the refinery’s Initial Public Offering on September 14, 2026, offering 4.1 billion ordinary shares at 525 naira per share. The minimum subscription is 10 shares, valued at 5,250 naira. The offer is scheduled to close on October 13, subject to the terms of the prospectus.
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The initiative has been promoted as an opportunity for ordinary Nigerians to participate in the ownership of the refinery and potentially benefit from its future performance.
In his remarks at the Kano event, Emir Sanusi described Kano as a major commercial centre and urged residents to take advantage of legitimate investment opportunities that could contribute to the growth of businesses and the wider economy.
Aliko Dangote, President of Dangote Group, also encouraged Nigerians to participate in the share offer, saying the initiative was designed to broaden public participation in the refinery and expand wealth creation.
The company has said the public offering is intended to deepen participation in Nigeria’s capital market, with eligible investors able to subscribe through approved channels, including designated banks and authorised investment platforms.
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The Dangote Refinery share offer is expected to raise about 2.15 trillion naira if fully subscribed. The refinery, which has a production capacity of up to 700,000 barrels per day, is positioning the public offering as part of its long-term expansion strategy.
Also speaking at the event, the Chief Imam of Al-Furqan Juma’at Mosque, Dr Bashir Aliyu Umar, reportedly explained procedures for members of the public interested in purchasing the shares, with emphasis on using the appropriate and authorised channels.
Among those reported to have attended the event were Alhaji Tajo Aminu Dantata, A.B. Mahmud, Alhaji Sabi’u Bako, Dr Farouk Umar and Mr Tilewa Adebajo, alongside business leaders and other stakeholders from Kano and beyond.
The public offer is currently open, with the closing date set for October 13, 2026, according to information published about the offering.
Khalil Ibrahim Yaro
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