PiggyVest and Chapel Hill Denham Launch Dangote IPO

PiggyVest, an online savings and investment platform, has partnered with Chapel Hill Denham, an investment banking and asset management firm, to facilitate the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The IPO will take place from September 14 to October 13, 2026, and is expected to be Nigeria's largest IPO, offering 4.1 billion ordinary shares at ₦525 each, with a minimum subscription of 10 shares.

The IPO aims to raise approximately ₦2.15 trillion to fund the refinery's expansion. Lanre Buluro, managing director of capital markets at Chapel Hill Denham, stated that the digital structure will enhance accessibility for Nigerians.

Joshua Chibueze, PiggyVest’s Co-founder and chief marketing officer, emphasized the user-friendly design for first-time investors, while Odunayo Eweniyi, Co-founder and Chief Operations Officer at PiggyVest, reiterated the platform's mission to provide equitable wealth-building opportunities.