Aliko Dangote has said shares in his refinery, currently priced at ₦525, could eventually rise to ₦10,000, according to Legit News. The prediction was reported on Saturday, September 12, 2026, as the company moves toward a public listing.
The refinery has signed its IPO documents and plans a $14 billion expansion, Reuters reported. The listing process places the refinery among the largest corporate offerings in Nigeria's recent history.
Legit News reported Dangote's share price forecast, while Punch Newspapers also covered his remarks on the refinery's potential market value. TheCable reported that economist Bismarck Rewane described the IPO as a more reliable route to dividends than gambling.
The refinery is owned by Dangote, one of Africa's most prominent industrialists. This Day Live published a profile of him in connection with the listing.
The offering gives ordinary investors a chance to hold a stake in a major Nigerian industrial asset, though the projected share price remains a forecast rather than a confirmed outcome.
What to watch next: the formal listing date and the final offer price, which will show how the market values the refinery.
