The Dangote Refinery IPO offers eligible investors an opportunity to apply for shares at ₦525 each, with a minimum subscription of ₦5,250. The application deadline has been extended to October 27, 2026. Here's what prospective investors should know before applying. The initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE has attracted attention from Nigerians interested in the country's stock market. The offer opened on September 14, 2026, with 4.1 billion ordinary shares being offered at ₦525 per share. The refinery subsequently announced an extension of the application period from October 13 to October 27, 2026, following approval from the Securities and Exchange Commission (SEC). Although the minimum subscription is relatively affordable compared with many investment opportunities, prospective investors should understand the application process, eligibility requirements, risks, and official timetable before committing money. What Is...

Category: Business, Finance & Investment A major development is attracting the attention of investors in Nigeria’s capital market. Thirteen companies listed on the Nigerian Exchange (NGX) have declared a combined ₦861.6 billion in interim dividends during the first half of 2026, according to recent market reporting. The figure is significant because interim dividends are payments made to shareholders before a company's full-year results are completed. The latest declarations have been led by major companies in telecommunications, cement, consumer goods and other sectors.  But what does the ₦861.6 billion figure actually mean for an ordinary Nigerian investor? Here is what you need to know. What Are Interim Dividends? An interim dividend is a payment a company makes to its shareholders during the financial year, usually after releasing quarterly or half-year financial results. Unlike a final dividend, which is normally considered after the full financial year, an i...