How to Buy Dangote Refinery Shares in Nigeria
A step-by-step guide to applying for Dangote Petroleum Refinery shares through the approved channels, and what to check before you pay.
You apply for Dangote Petroleum Refinery and Petrochemicals FZE shares through an SEC-approved Receiving Agent or Electronic Application Channel listed on the official IPO website, ipo.dangote.com. The shares are priced at ₦525 each, with a minimum subscription of 10 shares, or ₦5,250. The offer opened on 14 September 2026 and was scheduled to close on 13 October 2026, so check the official site for the current position before you do anything.
What you need
- Your legal name and current residence details, for the account and identity checks.
- Identity and account verification, as shown in the application process.
- The Prospectus, which you should read before you subscribe.
- The funds for your subscription, at ₦525 per share and a minimum of 10 shares (₦5,250).
- A note of your application reference, so you can follow up on your application and allocation.
Step by step
- Go to the official IPO website at ipo.dangote.com and read the offer information there.
- Read the Prospectus in full before you decide. It contains the details of the offer, the company and the risks.
- Check what you need to subscribe and make sure your information is ready.
- Choose an SEC-approved Receiving Agent or Electronic Application Channel from those listed on the official website.
- Complete the identity and account verification shown in the application process. A passport alone does not guarantee eligibility.
- Follow the funding and application instructions published on the channel you are using.
- Review the currency conversion and the total costs before you confirm anything.
- Retain your application reference and check the eventual allocation notice.
- If you use the MyStocks route, create your MyStocks account using your legal name and current residence, then select Access Dangote IPO to view the opportunity.
- On that route, read the terms, current price, fees, restrictions and risk disclosures before proceeding, and review the funding methods actually enabled for you and the USD reservation quote, including charges.
- Check your portfolio and account messages for the result, and contact support with your reference if a payment or allocation does not match your records.
Things to know
Only use subscription channels listed on the official website. The company says it will never ask for your PIN, password or OTP.
Investing in shares carries risk. The value of your investment can fall as well as rise, and you may not get back the amount you invest. If you are in doubt, consult your Issuing House, Stockbrokers and Financial Advisers for guidance before subscribing.
A funded wallet, a reservation and an allotted shareholding are separate states. Reserving money does not mean you own the shares. Share ownership follows a successful application, final allotment and the applicable custody records, so check your confirmation before treating the shares as held.
On the MyStocks route, neither a BVN nor a personal CSCS account is required. MyStocks uses an omnibus model with individual investor interests recorded separately, though identity verification still applies. Chapel Hill Denham is the partner broker, with FSDH and GetEquity as supporting brokers; MyStocks is the access platform. Read the documentation for the intermediary responsible for your application and custody.
Eligibility depends on your country of residence and account type, so confirm the requirements that apply to you before you apply.
Common questions
Do I need a BVN or a personal CSCS account? Neither is required for the MyStocks route, which uses an omnibus model with individual investor interests recorded separately. Identity verification still applies.
Does reserving money mean I own the shares? A reservation sets aside funds through the platform, and ownership follows a successful application, final allotment and the applicable custody records.
Which brokers support the MyStocks route? Chapel Hill Denham is the partner broker, with FSDH and GetEquity as supporting brokers. MyStocks is the access platform.
What is the minimum I can apply for? The minimum subscription is 10 shares, which comes to ₦5,250 at the ₦525 offer price.
Where do I apply? Through an SEC-approved Receiving Agent or Electronic Application Channel listed on the official IPO website, ipo.dangote.com.
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