# FCMB backs Dangote refinery IPO, targets wider participation

> FCMB Group has taken key roles in the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, with the oil company offering 4.1 billion ordinary shares at N525 each.

- Published: 2026-09-18T00:30:35.497Z
- Updated: 2026-09-21T14:30:32.237Z
- 1 source
- Topics: Economy, business and finance
- Involves: Abdulmalik Ibrahim, Aliko Dangote, CSL Stockbrokers, Dangote Petroleum Refinery and Petrochemicals FZE, Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offering, FCMB Capital Markets, FCMB Group, First City Monument Bank, Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals, Ladi Balogun, Mallam Abdullahi Adamu, Muhammadu Sanusi II

## How it developed

- 2026-09-18T00:30:35.497Z - Punch: [FCMB backs Dangote refinery IPO, targets wider participation](https://punchng.com/fcmb-backs-dangote-refinery-ipo-targets-wider-participation/)
- 2026-09-19T00:30:15.994Z - Punch: [Dangote refinery: Nigerians tap savings, loans to buy shares](https://punchng.com/dangote-refinery-nigerians-tap-savings-loans-to-buy-shares/)
- 2026-09-21T14:30:32.237Z - Punch: [VIDEO: Dangote targets 10 million shareholders in refinery IPO](https://punchng.com/video-dangote-targets-10-million-shareholders-in-refinery-ipo/)

Read it on FeedAtom: https://www.feedatom.com/stories/fcmb-backs-dangote-refinery-ipo-targets-wider-participation-8a7g7vs8bxo6t66kazs5oh4sv