The full list of the 32 approved channels to buy Dangote Refinery IPO Shares.
NewsOnline Nigeria reports that Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintech companies, mobile operators and other investment platforms through which investors can subscribe for its shares under its planned Initial Public Offering (IPO).
The company published the list on its official IPO website and warned prospective investors against subscribing through unauthorised channels.
“Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here,” the company stated.
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The approved channels comprise 19 banks, 10 fintech companies, two mobile operators and NGX Invest.
Full List of Approved Dangote Refinery IPO Channels
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 Companies
- Bamboo
- Flutterwave
- InvestNaija
- Ladder
- Moniepoint
- Paga
- Payaza
- PiggyVest
- Vetiva Invest
- we.yan
Mobile Operators
- Airtel SmartCash
- MTN MoMo
NGX
- NGX Invest
Dangote Refinery IPO Price, Minimum Subscription
The Dangote Refinery IPO website currently lists the offer price at ₦525 per share.
Investors can subscribe for a minimum of 10 shares, putting the minimum investment at ₦5,250.
The public offer forms part of Dangote Refinery’s plan to raise capital from Nigerian investors through the sale of ordinary shares in the company.
The approval of multiple subscription channels is expected to provide investors with broader access to the offer through banks, fintech platforms, mobile money operators and the Nigerian Exchange (NGX) investment platform.
However, the company has specifically advised investors to verify their subscription channel against the approved list before making any payment or submitting an application.
Prospective investors are therefore advised to exercise caution and avoid individuals, websites, social media accounts or platforms claiming to offer access to the Dangote Refinery IPO but which are not among the 32 officially approved channels.
