- It noted that much of the information being shared is unverified and, in some instances, inaccurate
- any legitimate updates about a potential transaction will be released strictly through its official disclosure channels
- The company added that its statement is purely for informational purposes and does not represent an offer to sell
Dangote Petroleum Refinery and Petrochemicals has denied circulating reports suggesting it is preparing for an Initial Public Offering (IPO), advising investors to depend only on confirmed, official communications.
Eko Hot Blog reports that the company expressed concern over the spread of unauthorised claims across media outlets and social platforms about a possible public share sale.
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It noted that much of the information being shared is unverified and, in some instances, inaccurate, stressing that these reports did not originate from the refinery and should be approached with caution.
According to the company, any legitimate updates about a potential transaction will be released strictly through its official disclosure channels and through statements issued by its appointed advisers, in accordance with relevant laws and regulatory standards.
Dangote Petroleum Refinery therefore urged investors, market participants, and the general public to ignore speculation and rely exclusively on information formally communicated by the company or its authorised representatives.
Reaffirming its commitment to transparency, sound corporate governance, and market integrity, the refinery also called on analysts, commentators, and social media users to ensure that only verified information is shared publicly.
It assured stakeholders that, if and when any transaction is considered, complete and accurate details will be made available through proper channels, including regulatory filings and authorised announcements coordinated with its advisers.
The company added that its statement is purely for informational purposes and does not represent an offer to sell or a solicitation to purchase securities, noting that any such move would follow all applicable legal and regulatory requirements.
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