UBA Group has published the definitive retail transaction terms and FAQ breakdown for the ₦2.15 trillion Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE.
The subscription window will formally open on Monday, September 14, 2026, and close on Tuesday, October 13, 2026.
The offering is structured with an accessible entry threshold of ₦5,250 for 10 shares to encourage broad retail participation across Nigeria and the African diaspora.
A key feature of the offering is a Retail Investor Loyalty Incentive designed to minimize post-listing flipping and support secondary market price stability.
The Dangote Petroleum Refinery & Petrochemicals FZE IPO opens on 14 September 2026 and closes on 13 October 2026.
To help you better understand the Offer, here are answers to some frequently asked questions:
- What is an IPO?
An IPO (Initial Public Offering) is when a company offers its shares to the public for the first time. By buying shares, you become a part-owner of the company.
- What is the Offer Price and minimum investment of the Dangote IPO?
The Offer Price is ₦525 per share. The minimum investment is 10 shares, costing ₦5,250. Additional shares must be purchased in multiples of 10.
- Who can invest?
The Offer is open to all individuals and institutional investors in Nigeria, as well as eligible investors from other African countries.
- What do I need to apply?
You are advised to have:
- A stockbroking account (You can open an account with United Capital)
- A CSCS account number
- A Clearing House Number (CHN)
- A valid bank account
- A Bank Verification Number (BVN)
- How do I apply?
Visit https://www.investnow.ng/to get started.
- How do I pay for my shares?
Payment must be made to your stockbroking account.
- When will I receive my shares?
Successful applicants’ CSCS accounts are expected to be credited with their allotted shares within 15 business days after SEC clearance of the Basis of Allotment.
- Can I sell my shares?
Yes. Once the shares are credited to your CSCS account and the shares are officially listed on the NGX, you can sell them through a registered stockbroker.
- Is there a Retail Investor Incentive?
Yes, subject to the required approvals. Retail investors who maintain at least 10 shares continuously for 12 months may qualify for one Incentive Share at no additional cost. Maintaining the minimum holding for another 12 months may qualify them for an additional Incentive Share. - Can investors outside Nigeria participate?
The Offer is primarily for investors in Nigeria. Nigerians in the diaspora who have a valid BVN and bank account may participate.
Don’t miss this opportunity, visit our website @ www.ubagroup.com to join the waitlist.
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