Dangote Refinery has broken major Nigerian and African records with its Initial Public Offering (IPO), prompting the company to announce an extension of the subscription deadline.

The refinery’s IPO has reportedly attracted unprecedented interest from investors, setting new benchmarks in the Nigerian and African capital markets. The overwhelming response led the company to extend the deadline to accommodate the surge in subscriptions.

The development marks a significant milestone for Dangote Refinery, which is one of Africa’s largest industrial projects. The IPO is expected to deepen capital market participation and boost investor confidence in Nigeria’s economy.

Details on the new deadline and the total value of subscriptions recorded so far are expected to be released by the company in the coming days.