# Dangote Refinery Offer Draws Estimated ₦5.85 Trillion in Applications By John Kim Canonical URL: https://www.tokenpost.com/news/business/53977 Published: 2026-11-11T13:05:34.000Z Updated: 2026-11-11T13:05:34.000Z Section: Business > The estimate was about $4.1 billion, nearly three times the ₦2.1525 trillion maximum gross proceeds; final subscription figures were pending at closing. People familiar with the transaction estimated applications for Dangote Petroleum Refinery and Petrochemicals FZE’s share offer at about ₦5.85 trillion ($4.1 billion), nearly triple the maximum gross proceeds; final subscription figures were pending at closing. The offer made up to 4.1 billion ordinary shares available at ₦525 apiece. A full take-up would produce ₦2.1525 trillion in gross proceeds. [The offer closed Oct. 27](), with applications still under review and allotment underway; final subscription and allotment totals had not been released at closing. Allotment is scheduled for Tuesday, Nov. 17. The shares are planned to list 15 business days after allotment. ## Links in this article - [The offer closed Oct. 27](https://www.tokenpost.com/news/business/42105)