The official statement, published on June 23, 2026, specifies that no application for public offering of shares has been filed or validated by the regulator's services. The decision follows the proliferation of digital prospectuses and anticipated subscription offers disseminated by approved financial intermediaries without legal basis.

The SEC's reminder is accompanied by a 24-hour obligation to withdraw all incriminated advertising materials, along with a requirement for full refund of potentially collected funds from savers. The refining infrastructure leaders have followed the regulator's lead in clarifying that no formal opening of capital on the stock market is currently planned. The clarification comes a few days after the closing, on June 11, 2026, of a private placement of 3 billion ordinary shares sold at a unit price of $0.35 (approximately 198 CFA francs). The pre-listing operation aimed to raise $1 billion and recorded oversubscription from institutional investors.

Financial projections value the Lagos industrial complex at $50 billion, consolidating its status as the largest refining unit on the African continent. The future opening scheme, which plans to sell a stake of 5% to 10% of the company's shares, targets simultaneous listing on several continental stock exchanges, including the Nigerian Exchange, the Johannesburg Stock Exchange, the BRVM in Abidjan, as well as the indices in Nairobi, Accra, and Addis Ababa. The organization of such a multi-listing operation remains subject to the prior approval of the Nigerian stock market regulator, which intends to preserve the integrity of public savings against premature solicitations.


BCN

Tags: nigeria raffinerie dangote bourse sec ipo investissement epargne regulation afrique