Dangote Petroleum Refinery and Petrochemicals FZE has approved 40 banks, fintech companies, 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.”
Approved banks
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
- VFD
- Wema Bank
- Zenith Bank
Approved fintech platforms
The approved fintech platforms are:
- Bamboo
- CardinalStone
- Coronation Wealth
- Cowrywise
- Flutterwave
- InvestNaija
- InvestNow
- Ladder
- Meritrade
- Moniepoint
- Paga
- Payaza
- PiggyVest
- Revve
- Vetiva Invest
- we.yan
- ZedCrest
Mobile operators and NGX
The approved mobile operators and other platforms are:
- Airtel SmartCash
- MTN MoMo
- 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 Dangote Refinery’s plan to raise capital from the Nigerian investing public through the sale of ordinary shares.
