The Dangote Petroleum Refinery and Petrochemicals FZE has officially opened its Initial Public Offering (IPO) on the Nigerian Exchange (NGX).

The Securities and Exchange Commission (SEC) approved the offer of 4.1 billion ordinary shares priced at ₦525 each. The subscription window opened on September 14 and officially closes on October 13, 2026. By setting a minimum entry threshold of just 10 shares (₦5,250), the offering provides an accessible entry point for everyday retail investors. The company is targeting gross proceeds of approximately ₦2.15 trillion to part-fund the expansion of the refinery's capacity to 1.4 million barrels per day.

How to Buy Shares (A Retail Investor's Guide)

Open a Brokerage Account: Shares on the NGX are not sold directly by the company. You must open a trading account with an SEC-registered stockbroker or through verified electronic channels such as Cowrywise or the PremiumTrust Mobile App.

Complete KYC Verification: Brokerages will require standard identity verification. Prepare to submit your Bank Verification Number (BVN), National Identification Number (NIN), a valid ID, and a passport photograph.

Set Up a CSCS Account: Your stockbroker will open or link a Central Securities Clearing System (CSCS) account for you. This is the electronic vault where your allotted shares will be stored once trading begins.

Fund and Apply: Deposit your investment capital into your verified account and submit your application before the October 13 deadline. If the offer is oversubscribed, your allotment may be scaled down, and the balance refunded.

Disclaimer: Rivers Pulse is a news publisher, not a financial advisor. The information provided is strictly for educational purposes and does not constitute financial advice. All investments carry risk, and share values can fluctuate. Investors should review the final SEC-approved prospectus and consult a licensed financial professional before committing capital.