Photo caption: Dangote Refinery
Dangote Petroleum Refinery and Petrochemicals FZE has approved 41 banks, fintechs, 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 19 banks, 19 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 channels are:
Banks
Access Bank
Ecobank
FCMB
Fidelity Bank
FirstBank
Globus Bank
GTCO
Jaiz Bank
Keystone Bank
Lotus Bank
PremiumTrust Bank
Providus Unity
Stanbic IBTC
Sterling Bank
TAJ Bank
UBA
Union Bank
Wema Bank
Zenith Bank
Fintechs
Bamboo
Flutterwave
InvestNaija
Ladder
Moniepoint
Paga
Payaza
PiggyVest
Vetiva Invest
we.yan
CardinalStone
Chapel Hill Denham Advisory Limited
Coronation Wealth
Cowrywise
InvestNow
Meritrade
Revve
VFD
ZedCrest
Mobile operators
Airtel SmartCash
MTN MoMo
NGX
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 the Dangote Refinery’s plan to raise capital from the Nigerian investing public through the sale of ordinary shares.
