Dangote Petroleum Refinery and Petrochemicals FZE has approved 40 banks, fintech companies, mobile network operators and investment platforms through which investors can subscribe for its shares when its public offer opens.
The company disclosed the approved channels on its official initial public offering (IPO) website, urging prospective investors to use only the listed platforms when subscribing for shares.
According to the company, the approved subscription channels include 19 banks, 10 fintech firms, two mobile network operators and NGX Invest.
It warned investors against using any platform that has not been officially approved.
“Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here,” the company said.
Here are the approved channels:
Banks
1. Access Bank
2. Ecobank
3. FCMB
4, Fidelity Bank
5. FirstBank
6. Globus Bank
7. GTCO
8. Jaiz Bank
9. Keystone Bank
10. Lotus Bank
11. PremiumTrust Bank
12. Providus Unity
13. Stanbic IBTC
14. Sterling Bank
15. TAJ Bank
16. UBA
17. Union Bank
18. VFD
19. Wema Bank
20. Zenith Bank
Fintechs
21. Bamboo
22. CardinalStone
23. Coronation Wealth
24. Cowrywise
25. Flutterwave
26. InvestNaija
27. InvestNow
28. Ladder
29. Meritrade
30. Moniepoint
31. Paga
32. Payaza
33. PiggyVest
34. Revve
35. Vetiva Invest
36. we.yan
37. ZedCrest
Mobile Operators
38. Airtel SmartCash
39. MTN MoMo
40. NGX
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.
