Where & How to Buy Dangote Refinery IPO Shares

The Dangote Petroleum Refinery and Petrochemicals FZE is set to offer shares to the Nigerian public, giving individuals an opportunity to become shareholders in one of Africa’s largest refineries.

The public offer is expected to open on Monday, September 14, 2026, and close on October 13, 2026, subject to the final offer documents.

The offer comprises 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares, costing ₦5,250.

Who Can Buy Dangote Refinery Shares?

The IPO is designed to give ordinary Nigerians an opportunity to invest in the refinery. Investors can subscribe through approved banks, fintech platforms, mobile operators, and NGX Invest.

However, investors should only use channels officially approved for the offer and should avoid sending money to individuals, agents, or platforms that are not listed in the official offer documents.

Approved Channels for the Dangote Refinery IPO
Banks
Access Bank
Ecobank
FCMB
Fidelity Bank
FirstBank
Globus Bank
GTCO
Jaiz Bank
Keystone Bank
Lotus Bank
PremiumTrust Bank
Providus Bank
Stanbic IBTC
Sterling Bank
TAJ Bank
UBA
Union Bank
Wema Bank
Zenith Bank
Fintech Platforms
Bamboo
Flutterwave
InvestNaija
Ladder
Moniepoint
Paga
Payaza
PiggyVest
Vetiva Invest
we.yan
Mobile Operators
Airtel SmartCash
MTN MoMo
Nigerian Exchange
NGX Invest

How to Buy Dangote Refinery IPO Shares

Step 1: Choose an Approved Platform

Select one of the banks, fintech platforms, mobile operators, or investment platforms officially approved to process subscriptions.

If you already use one of the approved platforms, check whether the IPO application option is available through your existing account.

Step 2: Open or Activate Your Investment Account

Investors generally need an investment or brokerage account to participate in the offer.

Depending on the platform, you may be required to provide identification, your BVN and other Know-Your-Customer information.

Step 3: Set Up Your CSCS Details

Shares listed on the Nigerian Exchange are held electronically through the Central Securities Clearing System (CSCS).

Your broker or participating investment platform should guide you through the process of opening or linking the necessary CSCS account.

Step 4: Fund Your Account

At ₦525 per share, the minimum subscription is:

10 shares × ₦525 = ₦5,250

If you want to purchase more shares, calculate the total amount based on the number of shares you intend to request and check the final prospectus for the applicable subscription rules and fees.

Step 5: Apply When the Offer Opens

The public offer is expected to open on September 14, 2026.

Log into your approved platform, select the Dangote Refinery public offer, enter the number of shares you want to subscribe for, review your information and submit your application.

Step 6: Keep Your Confirmation

After submitting your application, keep your application reference, receipt or confirmation for your records.

Step 7: Wait for Allotment

Applying for shares does not necessarily mean you will receive every share requested.

If the offer is oversubscribed, investors could receive fewer shares than they applied for. Any applicable excess funds should be handled according to the terms of the final offer documents.

Step 8: Monitor Your Shares After Listing

Once the shares are listed on the Nigerian Exchange, successful investors can monitor their holdings through their broker or investment platform.

The market price may rise or fall after listing, depending on the company’s performance, investor demand, market conditions and other factors.

Important Warning for Investors

Do not pay anyone personally to “secure” Dangote Refinery shares for you.

Before sending money or providing your financial information, verify that the platform you are using appears on the official approved list and that the application process matches the final prospectus and offer documents.

Investors should also review the official prospectus carefully, particularly the offer terms, fees, allotment rules, deadlines and risk factors.

Investment involves risk. The fact that an IPO is associated with a well-known company does not guarantee that the share price will rise after listing.