Investors Can Subscribe at ₦525 Per Share Through 19 Banks, 10 Fintechs, Two Mobile Operators and NGX Invest
Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintechs, mobile operators and investment platforms through which investors can subscribe for its shares when its public offer opens.
The company published the approved channels on its official IPO website and warned investors against subscribing through unauthorised platforms.
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 banks are 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 and Zenith Bank.
Approved fintech and investment platforms include Bamboo, Flutterwave, InvestNaija, Ladder, Moniepoint, Paga, Payaza, PiggyVest, Vetiva Invest and we.yan.
The two approved mobile operators are Airtel SmartCash and MTN MoMo, while NGX Invest is also listed as an approved channel.
The refinery 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 Dangote Refinery’s plan to raise capital from Nigerian investors through the sale of ordinary shares.