President of Dangote Industries Limited, Aliko Dangote, says shares of the Dangote Petroleum Refinery, currently offered at N525 each, could rise to N10,000 in the future.Dangote, who spoke in Hausa during an interview with Abis Fulani, said small-scale investors would be prioritised in the allocation of shares under the refinery’s Initial Public Offering, IPO.

He explained that retail investors seeking to buy smaller quantities, including shares worth N50,000 or N100,000, would receive priority over large institutional investors seeking bigger allocations.

Dangote said investors could make substantial gains if the share price appreciates after listing. He illustrated that an investment of N5 million could potentially grow to more than N50 million if the shares rise from N525 to N10,000.He also said shareholders could choose to receive dividends in either naira or dollars, which he said could help protect investors against the impact of naira depreciation.

According to him, the dollar option could particularly benefit Nigerians with financial obligations such as overseas school fees.The Dangote Refinery IPO comprises 4.1 billion ordinary shares priced at N525 each. A full subscription would raise about N2.15 trillion, while the minimum subscription of 10 shares costs N5,250.The offer is scheduled to open on September 14 and close on October 13, 2026.