Dangote Refinery IPO: Full List of 32 Approved Banks and Fintechs

Dangote Petroleum Refinery and Petrochemicals FZE has announced 32 authorised channels through which Nigerian investors can subscribe for its public share offering.

The approved list, published on the refinery’s official IPO website, includes banks, fintech companies, mobile money operators and NGX Invest.

Investors are advised to conduct their subscriptions exclusively through the platforms approved by the company.

According to the refinery, the current offer price is N525 per share, while the minimum subscription is 10 shares, costing N5,250.

The company’s approved subscription channels comprise 19 banks, 10 fintechs, two mobile operators and NGX Invest.

Issuing a warning to prospective investors, Dangote Refinery said: “Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.”

19 approved 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

10 approved fintechs

• Bamboo
• Flutterwave
• InvestNaija
• Ladder
• Moniepoint
• Paga
• Payaza
• PiggyVest
• Vetiva Invest
• we.yan

2 approved mobile operators

• Airtel SmartCash
• MTN MoMo

NGX platform

• NGX Invest

The Dangote Refinery public offer is part of the company’s strategy to raise capital from Nigerian investors through the sale of ordinary shares.

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