- High-profile promotion: Nigerian artist Davido and billionaire Aliko Dangote appeared at New York’s Times Square to promote the Dangote Petroleum Refinery’s ongoing public share offer on a Nasdaq billboard.
- Offer structure and timeline: The IPO features 4.1 billion ordinary shares at N525 each with a low 10-share minimum, aiming to raise roughly N2.15 trillion before closing on October 13, 2026.
- Global visibility strategy: The international campaign targets both retail and institutional investors worldwide to maximize participation in what Dangote describes as a public-focused offering.
Nigerian singer David Adeleke, widely known as Davido, joined billionaire industrialist Aliko Dangote at Times Square in New York. The pair appeared beneath a large digital Nasdaq billboard on Tuesday. The display featured promotional content for the ongoing Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals.
A video shared on Davido’s Instagram story captured the musician standing alongside the Dangote Group president. The digital screen overhead displayed the message, "Made in Nigeria. Built for the World." A small crowd gathered below to record the moment on their mobile devices.
Refinery Public Offer Details
This billboard appearance forms part of a broad promotional campaign for the refinery’s public share offer. The offer officially opened to the public on September 14, 2026. It is scheduled to close on October 13, 2026.
The transaction involves 4.1 billion ordinary shares priced at N525 each. Investors can purchase a minimum subscription of 10 shares. The public offer targets both Nigerian and broader African investors, with a potential to raise approximately N2.15 trillion if fully subscribed.
What drove the promotional display in New York?
The Times Square display aims to boost visibility for the Dangote Refinery public share offer among global and regional investors. By leveraging high-traffic international locations, the campaign supports Dangote’s goal to attract widespread retail and institutional participation ahead of the October 13 subscription deadline.
Dangote previously termed the transaction an IPO for the people. The low minimum entry barrier is designed to enable everyday retail investors to participate alongside major institutional entities. The share offer remains open until October 13, 2026.
