The Dangote Petroleum Refinery and Petrochemicals FZE has listed 32 banks, fintechs, mobile operators and other platforms approved for investors to subscribe for its shares under its public offer.
The company published the list on its official IPO website and advised investors to use only the approved channels when subscribing for the shares.
The refinery’s website currently lists the offer price at N525 per share, with a minimum subscription of 10 shares valued at N5,250.
The approved channels comprise 19 banks, 10 fintech companies, two mobile operators and NGX Invest.
According to the company, “Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.”
Approved Channels for Share Purchase
Banks
Access Bank
Ecobank
FCMB
Fidelity Bank
FirstBank
Globus Bank
GTCO
Jaiz Bank
Keystone Bank
Lotus Bank
PremiumTrust Bank
Providus Bank
Stanbic IBTC
Sterling Bank
TAJ Bank
UBA
Union Bank
Wema Bank
Zenith Bank
Fintechs & Investment Platforms
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Bamboo
Flutterwave
InvestNaija
Ladder
Moniepoint
Paga
Payaza
PiggyVest
Vetiva Invest
we.yan
Mobile Money Platforms
Airtel SmartCash
MTN MoMo
Capital Market Platform
NGX Invest
The development is expected to make it easier for individuals seeking to acquire shares in Dangote Refinery to participate in the offer using platforms with which they are already familiar.
The public offer is part of the Dangote Refinery’s plan to raise capital from Nigerian investors through the sale of ordinary shares.
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