Dangote Refinery IPO Opens: Invest via Licensed Brokers

The Dangote Refinery Initial Public Offering (IPO) commenced on September 14, 2026, with shares priced at N525 each and a minimum subscription of 10 shares. The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have recommended that investors participate through Securities and Exchange Commission (SEC)-licensed stockbrokers, who are accredited receiving agents for this offer.

Olatunde Amolegbe, past President of the CIS, emphasized the importance of licensed stockbrokers in assisting investors with the subscription process, managing shareholdings, and resolving issues. He noted that stockbrokers can facilitate the opening of Central Securities Clearing System (CSCS) accounts and provide electronic platforms for trading.

Dr Fiona Ahimie, President of the CIS, stated that the IPO represents a significant opportunity for Nigerians to invest in a vital national enterprise, contributing to energy security and industrial growth while promoting public participation in wealth creation.