Keystone Bank Facilitates Dangote Refinery IPO Subscription

Investors are actively utilizing Keystone Bank Limited’s approved subscription channels for the Dangote Petroleum Refinery and Petrochemical’s initial public offering (IPO) of 4.1 billion shares, which commenced on September 14, 2026, and will conclude on October 13, 2026. The shares are priced at N525 each, with a minimum subscription of 10 shares, totaling N5,250.

Keystone Bank, authorized as a receiving agent for this public offer, has reported a surge in applications through both digital and physical channels, indicating strong interest in the IPO. Nnenna Anyim Okoro, Executive Director of Corporate Bank and South at Keystone Bank, emphasized the significance of this offer as an opportunity for Nigerians to invest in a venture that is expected to enhance the nation's industrial and economic landscape.

She urged investors to ensure their personal and banking details are accurate and to only use approved channels to avoid fraud. Okoro also encouraged thorough review of the offer documentation to facilitate informed investment decisions.