Invest in Dangote Refinery IPO via FirstBank Channels

The Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) commenced on September 14, 2026, with FirstBank serving as the Receiving Bank. The IPO includes 4.1 billion ordinary shares priced at N525 each, with a minimum subscription of 10 shares (N5,250).

Additional subscriptions can be made in multiples of 10 shares. The offer will close on October 13, 2026, and payment must be made in full upon application.

Eligible retail investors may receive bonus shares as per the offer prospectus. The proceeds from the IPO aim to support the expansion of refinery operations, with shares expected to be listed on the Main Board of the Nigerian Exchange Limited (NGX).

FirstBank offers multiple subscription channels, including its digital platforms, branches, and FirstMonie agents, to facilitate participation. The Dangote Refinery, located in Lagos, is one of Africa’s largest industrial investments and is crucial for Nigeria's domestic refining capacity.

FirstBank advises potential investors to read the prospectus and seek independent advice.