{"id":47751,"date":"2026-10-12T19:38:05","date_gmt":"2026-10-12T17:38:05","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47751"},"modified":"2026-10-12T19:38:05","modified_gmt":"2026-10-12T17:38:05","slug":"nigerias-dangote-oil-refinery-ipo-to-be-extended-by-10-days","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-dangote-oil-refinery-ipo-to-be-extended-by-10-days\/","title":{"rendered":"\u2018Nigeria&#8217;s Dangote oil refinery IPO to be extended by 10 days\u2019"},"content":{"rendered":"<div dir=\"ltr\" data-olk-copy-source=\"MessageBody\">The \u200bInitial Public Offering (IPO) of Nigerian billionaire Aliko \u200cDangote&#8217;s oil refinery will be extended by 10 days to allow investors from other African \u200bcountries to participate, a company Executive \u200band Adviser on the deal told <i>Reuters<\/i>.<\/div>\n<div id=\"x_ms-outlook-mobile-signature\">\n<div dir=\"ltr\"><\/div>\n<div>The \u2060IPO opened about a month ago and \u200bwas meant to close on Tuesday. It \u200bis targeting the general public to raise as much as $2.1 billion for the refinery&#8217;s expansion, in what \u200bis expected to be Africa&#8217;s largest \u200bshare sale yet.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>The refinery, owned by Africa&#8217;s richest man \u200cAliko \u2060Dangote, seeks to broaden ownership of its 700 000-barrel-per-day refining complex through an offer targeted at up to 10 million retail investors \u200bin Nigeria \u200band elsewhere \u2060on the continent.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>An adviser on the deal said an official \u200bannouncement on the extension would be \u200bmade \u2060later on Monday.<\/div>\n<div dir=\"ltr\"><\/div>\n<div>There was no immediate comment from Nigeria&#8217;s Securities and Exchange Commission or \u2060exchange \u200boperator NGX Group. A \u200bDangote Spokesperson declined to comment.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">\u2014Reurers\u2014<\/div>\n<\/div>\n","protected":false},"featured_media":32664,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-47751","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"An adviser on the deal said an official \u200bannouncement on the extension would be \u200bmade \u2060later on Monday.","published_date":"","news_description":"An adviser on the deal said an official \u200bannouncement on the extension would be \u200bmade \u2060later on Monday.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47751\/revisions"}],"predecessor-version":[{"id":47752,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47751\/revisions\/47752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32664"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=47751"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}