Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintechs, mobile operators and other platforms through which investors can subscribe for its shares when the initial public offer (IPO) 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 19 banks, 10 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
- 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
- Bamboo
- Flutterwave
- InvestNaija
- Ladder
- Moniepoint
- Paga
- Payaza
- PiggyVest
- Vetiva Invest
- we.yan
Mobile operators
- Airtel SmartCash
- MTN MoMo
NGX
- 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.
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