UBA Launches Subscription for Dangote Refinery IPO

United Bank for Africa (UBA) Plc has been designated as an authorized financial institution for the subscription of shares in the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The IPO offers 4.1 billion ordinary shares priced at N525 per share, with a minimum subscription of 10 shares, totaling N5,250.

The subscription period commenced on September 14, 2026, and will conclude on October 13, 2026, in accordance with the offer documents. UBA is actively encouraging eligible investors, including its customers and the general public, to utilize its approved channels for participation.

Tosin Adewuyi, Executive Director Designate of UBA Group, expressed the bank's commitment to enhancing financial inclusion and providing opportunities for investment in Nigeria's capital market. Investors are advised to ensure their personal and banking details are accurate before applying and to read the Prospectus carefully.

UBA warns against fraudulent schemes and emphasizes the importance of using approved channels for subscriptions.