by The Ajasa News | March 27, 2026 8:28 am
Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has dismissed widespread speculation about a potential Initial Public Offering (IPO), describing circulating reports as unauthorised and, in some cases, inaccurate.
In a statement issued by the company, DPRP said it had observed with concern the growing volume of unverified information being shared across media platforms and social networks regarding a possible public listing. The firm stressed that such reports did not originate from the organisation and should be treated with caution.
The refinery operator clarified that any official updates concerning a potential IPO or related transaction would only be communicated through its formal public disclosures and announcements issued by appointed advisers, in accordance with regulatory requirements.
DPRP advised investors, market participants, and the general public to disregard speculative commentary and instead rely exclusively on verified information released through authorised channels.
Reaffirming its commitment to transparency and corporate governance, the company underscored the importance of responsible communication, urging analysts, commentators, and social media influencers to base their reports on authenticated sources.
The company further assured stakeholders that, if and when any transaction is to be pursued, detailed and accurate information would be made available through official filings, authorised press statements, and coordinated communications involving its advisers.
DPRP also emphasised that the statement was issued strictly for informational purposes and does not constitute an offer to sell or a solicitation to buy securities. It noted that any such offering, if undertaken, would comply fully with applicable laws and be supported by duly authorised documentation.
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