32 Channels Approved for Dangote Refinery IPO Shares

Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 channels for investors to subscribe to its Initial Public Offering (IPO) shares, which are priced at ₦525 per share. The approved channels include 19 banks, 10 fintech companies, two mobile operators, and the Nigerian Exchange (NGX) Invest platform.

Investors are required to subscribe for a minimum of 10 shares, amounting to a minimum investment of ₦5,250. The company has published the list of approved channels on its official IPO website and cautioned prospective investors to avoid subscribing through unauthorized channels.

It specifically advised investors to verify their subscription method against the approved list before making any payments or submitting applications. The initiative aims to broaden access for investors to participate in the capital-raising effort through the sale of ordinary shares in the company.