The Dangote Refinery IPO is set to open for public subscription on Monday, September 14, 2026, giving Nigerians an opportunity to invest in one of Africa’s largest industrial projects.
The offer comprises 4.1 billion ordinary shares priced at ₦525 per share, with a minimum subscription of 10 shares costing ₦5,250.
The company is targeting slightly above ₦2 trillion from the offering.
Dangote Group President, Aliko Dangote, described the offering as an “IPO for the people,” saying the low entry point was designed to allow ordinary Nigerians, including workers and small-income earners, to participate.
How to buy Dangote Refinery shares
1. Open a stockbrokerage account
Choose a registered and authorised stockbroker that allows investors to participate in the IPO. Most brokers require KYC information and documents.
2. Get a CSCS account
Shares traded on the Nigerian Exchange are held electronically through the Central Securities Clearing System.
Your broker will typically help you open or link the account.
3. Complete your verification
Submit the required identification and personal information to activate your investment account.
4. Fund your account
Deposit the amount you intend to invest. The minimum investment is ₦5,250 for 10 shares.
5. Wait for the offer to open
The IPO is scheduled to open on September 14, 2026. Investors should confirm the final terms and approved application channels in the official offer documents.
6. Submit your application
Apply through the channels designated in the final offer documents. Select the number of shares you want, review the details and submit your application.
7. Wait for allocation
You may not receive all the shares you applied for if the IPO is oversubscribed. Successful allocations will be credited to investors’ CSCS accounts, while excess funds will be handled according to the offer terms.
8. Monitor your investment
Once the shares are listed on the Nigerian Exchange, investors can track their value through their stockbrokers.
The share price may rise or fall depending on Dangote Refinery’s performance, market demand and broader economic conditions.
Note: Investors should rely on the official IPO documents and information from authorised brokers rather than unverified social media claims.
