[UPDATED] FULL LIST: 40 Approved Channels To Buy Dangote Refinery IPO

Dangote Petroleum Refinery and Petrochemicals FZE has approved 40 banks, fintechs, mobile operators and other platforms through which investors can subscribe for its shares when the public offer opens.

The company published the list on its official IPO website, warning investors to subscribe only through channels listed on the platform.

The approved channels comprise 20 banks, 17 fintech companies, two mobile operators and NGX Invest.

The company said, “Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.”

The approved channels are:

Banks

1. Access Bank
2. Ecobank
3. FCMB
4. Fidelity Bank
5. FirstBank
6. Globus Bank
7. GTCO
8. Jaiz Bank
9. Keystone Bank
10. Lotus Bank
11. PremiumTrust Bank
12. Providus Unity
13. Stanbic IBTC
14. Sterling Bank
15. TAJ Bank
16. UBA
17. Union Bank
18. VFD
19. Wema Bank
20. Zenith Bank

Fintechs

1. Bamboo
2. CardinalStone
3. Coronation Wealth
4. Cowrywise
5. Flutterwave
6. InvestNaija
7. InvestNow
8. Ladder
9. Meritrade
10. Moniepoint
11. Paga
12. Payaza
13. PiggyVest
14. Revve
15. Vetiva Invest
16. we.yan
17. ZedCrest

Mobile operators

1. Airtel SmartCash
2. MTN MoMo

NGX

1. NGX Invest

The refinery’s website currently lists the offer price at ₦525 per share, with a minimum subscription of 10 shares, valued at ₦5,250.

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

Here is a step-by-step guide to buying Dangote Refinery shares

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