Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the circulation of unauthorised information across media and social platforms regarding a potential Initial Public Offering (IPO).

The company said several online platforms and unofficial sources have published unverified and, in some cases, inaccurate information about a possible offering, stressing that such reports do not originate from DPRP and should be treated with caution.

It stated that all official updates concerning any potential transaction would be communicated strictly through its formal public disclosures and announcements issued by appointed advisers, in line with applicable laws and regulatory requirements.

Accordingly, DPRP advised the public, investors, and market participants to disregard speculative commentary and rely solely on verified information formally issued by the company or its authorised representatives.

The refinery reiterated its commitment to the highest standards of transparency, corporate governance, and market integrity, while emphasising the importance of responsible public communication. It also urged commentators, analysts, and social media influencers to rely only on authenticated information.

DPRP assured stakeholders that, when appropriate, comprehensive and accurate details regarding any proposed transaction would be disclosed through official channels, including regulatory filings, authorised press releases, and coordinated communications by the company and its advisers.

The company further clarified that the statement is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities, noting that any such offer would be made in compliance with applicable laws and regulatory requirements.