The appearance, which drew attention from passers-by and quickly circulated across social media, featured Dangote and Davido standing in front of the giant electronic display carrying the message: “Made in Nigeria. Built for the World.”
In footage from the event, the singer and the businessman pointed towards the billboard, waved to onlookers and exchanged thumbs-up gestures as the refinery’s share offer received an international promotional spotlight.
The New York appearance came on Tuesday as the ongoing public offer of shares in Dangote Petroleum Refinery continues to attract attention from potential investors.
During the engagement, Davido directly asked Dangote why Nigerians should consider buying shares in the refinery, prompting the billionaire businessman to explain the broader ownership strategy behind the offer.
“It is very important, David, because that’s the only way to spread prosperity and wealth, you know, throughout Africa. And like what I said, this is not going to be the first and the last we will continue to do even our fertilizer. By the time we finish listing, every single African will own part of our businesses and they will create, you know, pool of cash,” Dangote said.
Dangote said the refinery’s share offer was part of a wider ambition to expand public ownership of businesses within the Dangote Group. He indicated that the group intends to pursue similar moves involving its fertiliser business, potentially giving a broader pool of investors the opportunity to acquire stakes in its operations.
The exchange between Davido and Dangote has since gained traction online, with videos from Times Square being widely shared across social media platforms.
Davido has previously spoken publicly about his relationship with Dangote, describing the industrialist as a family friend who has known him since he was born. Their appearance together in New York therefore combined the singer’s international entertainment profile with Dangote’s ongoing effort to raise awareness of the refinery’s public share offer.
Refinery IPO targets ₦2.15 trillion
The Dangote Petroleum Refinery IPO formally opened on September 14, 2026, following a launch ceremony at the Nigerian Exchange in Lagos.
The public offer comprises 4.1 billion ordinary shares at ₦525 per share, with investors required to subscribe to a minimum of 10 shares, representing an initial investment of ₦5,250.
If the offer is fully subscribed, the transaction is expected to raise approximately ₦2.15 trillion, making it a landmark transaction for Nigeria’s capital market.
The offer is available to Nigerian and eligible African retail and institutional investors and is scheduled to close on October 13, 2026.
Dangote Industries has said proceeds from the share offer will be used to support the refinery’s expansion plans.
The Times Square appearance adds an international dimension to the IPO campaign, placing one of Africa’s largest industrial projects alongside the global advertising displays of one of New York’s most recognisable commercial districts.
For Dangote, the public offer represents an opportunity to broaden participation in ownership of the refinery, while the New York campaign underscores the group’s effort to project the business and its Nigerian origins to an international audience.