Those for whom breaking into business generally and the oil energy business in particular has been a puzzle may have gotten the best opening at last. All is now set for the process which can make another Dangote out of such prospective investors, depending of course, on the hard work and dexterity they bring into it and the luck they encounter.
Notwithstanding the observable haste around the world for fossil fuel to give way to other forms of energy due mainly to wars, violence and geopolitical turmoil inherent in fossil fuel, Intervention can report that there are no signs that fossil fuel is going anywhere soon. That means it is still a very lucrative realm to try one’s business luck.
The stabilising impact of the Dangote strides in fossil fuel makes investing there inviting. Dangote Refinery in itself embody the message that the obstacles against investment breakthrough by domestic members of the investing class are not insurmountable. As more and more members of that class follow the Dangote example in breaking grounds in both oil and other business realms, so the country gets nearer the situation that Nigerian political economists, particularly the late Prof Claude Ake, kept wishing for: a critical mass of an investing class that would themselves not get involved in chauvinistic politics nor take kindly to anybody casually threatening the stability of Nigeria.
Against the background of the business and political stability that emerging Nigerian equivalent of big business embody, it would not be surprising if the shares on offer is oversubscribed when the process opens Monday, September 14th, 2026. This is more so when Aliko Dangote, the magnate himself, declared last Monday that there are no wealth or class barriers, meaning that just about anybody can partake in buying the shares at the cost of slightly over five thousand Nigerian Naira for a minimum of 10.
Intervention has, however, been told that oversubscription which seems to have been anticipated as a possibility will pose no problems as a technical investment arrangement for that is in place.
The share sale lasting for a month, from September 14th to October 13th, 2026 will, for sure not be a field day for the low income bracket as the big-timers will not be watching such a major business opening without interest, spanning Middle East, East Europe and Asia.
Details of the process shows that the paper works for the sale of shares have already been completed last Monday, September 7th, 2026. What is on the card next Monday are the digital process for buying shares: BVN, a handset and the potential share subscriber’s bank account and the process is over.
Although Intervention has no expertise about business, the way this IPO has been explained so far suggests that it is the least complicated. It will be interesting to watch how it goes!
