Dangote Refinery IPO: Full List of Banks, Apps and Platforms Where You Can Buy Shares

Investors can subscribe to the Dangote Refinery initial public offering (IPO) through more than 50 approved platforms covering commercial banks, stockbrokers and fintech apps. The Nigerian Exchange Limited (NGX) Invest Portal sits at the centre of the subscription network, alongside digital names such as PiggyVest and Bamboo.

The Securities and Exchange Commission has approved the offer of 4.1 billion ordinary shares at N525 each. If fully subscribed, the transaction could raise roughly N2.15 trillion. The minimum investment is N5,250.

Banks and the NGX portal

Investors can subscribe through the NGX Invest Portal and the following banks:

Access Bank Plc, Ecobank Nigeria Limited, Fidelity Bank Plc, First Bank of Nigeria Limited, First City Monument Bank Limited, Globus Bank Limited, Guaranty Trust Bank Limited, Jaiz Bank Plc, LOTUS Bank Limited, Keystone Bank Limited, PremiumTrust Bank Limited, ProvidusUnity Bank Plc, Stanbic IBTC Bank Limited, Sterling Bank Plc, TAJBank Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc, Wema Bank Plc and Zenith Bank Plc.

Stockbrokers and investment platforms

Other approved intermediaries include InvestNaija (Chapel Hill Denham Securities Limited), Vetiva Invest (Vetiva Securities Limited), Afrinvestor (Afrinvest Securities Limited), AnchoriaApp (Anchoria Securities Limited), Bancorp TradePal (Bancorp Securities Limited), CS Alpha (CardinalStone Securities Limited), Coronation Wealth (Coronation Securities Limited), First Securities Brokers Limited Portal, Advanta (FSDH Capital Limited), FutureView Invest (Futureview Securities Limited), InvestNow (United Capital Securities Limited), Meritrade (Meristem Stockbrokers Limited), MorganCapital Securities Limited Portal, i-Invest (Parthian Partners Limited), Tiddo Invest (Tiddo Securities Limited) and Zedcrest Wealth (Zedcrest Securities Limited).

Fintech apps and payment platforms

Digital channels on the list include SabiVest (Africa Prudential Plc), Bamboo (Bamboo Systems Technology Limited), Flutterwave (Flutterwave Technology Solutions Limited), Ladder (Ladder Technology Systems Limited), MTN MoMo (MoMo Payment Service Bank Limited), Moniepoint (Moniepoint Microfinance Bank Limited), Paga (Pagatech Limited), Payaza (Payaza Africa Limited), PiggyVest (Piggytech Global Limited), Airtel Smartcash (Smartcash Payment Service Bank Limited), we.yan (we.yan Nigeria Limited), Cowrywise (Cowrywise Financial Technology Limited), MyInvestar (First Ally Asset Management Limited), Revve (Linearsend Inc.), Paystro (Paystro UK Limited), Remita (Remita Payment Services Limited), VBank.ng (VFD Microfinance Bank Plc), Ecobank Transactional Incorporated and SBG Securities (Pty) Limited.

What investors should check first

Investors are advised to confirm the applicable subscription terms, eligibility conditions, offer period and payment procedures on their chosen platform before submitting any application. Requirements can differ between banks, brokers and apps.

The offer gives Nigerian retail investors a direct route into one of Africa's biggest industrial projects, and a wider pool of local shareholders in a refinery that has shaped fuel supply and forex demand in the country.