32 Channels Approved for Dangote Refinery IPO Subscription

Dangote Petroleum Refinery and Petrochemicals FZE has announced the approval of 32 channels through which investors can subscribe for shares in its upcoming Initial Public Offering (IPO). The list includes 19 banks, 10 fintech companies, two mobile operators, and NGX Invest.

The company has published this list on its official IPO website and cautioned investors to only subscribe through the approved channels. The offer price for the shares is set at ₦525 each, with a minimum subscription requirement of 10 shares, totaling ₦5,250.

This public offer is part of the refinery's strategy to raise capital from the Nigerian investing public by selling ordinary shares.