Tanzania, June 24 -- Lagos. Nigeria's Securities and Exchange Commission (SEC) has ordered an immediate halt to all marketing and promotional activities linked to a proposed initial public offering (IPO) of the Dangote Petroleum Refinery, stating that no application for the share sale has been submitted to or approved by the regulator.

In a directive issued on June 23, 2026 the SEC warned investors and market operators against participating in or promoting any purported public offering by the refinery, saying such activities could mislead investors and undermine confidence in the country's capital markets.

The regulator instructed stockbrokers, investment advisers and digital investment platforms to cease all related promotional activit...