FULL LIST: Dangote Refinery names 32 banks, fintechs for share offer

Dangote Petroleum Refinery and Petrochemicals FZE has released a list of 32 approved channels through which members of the public can subscribe for its shares when its public offer opens.

The approved channels, published on the refinery’s official Initial Public Offering website, include 19 banks, 10 fintech companies, two mobile operators and NGX Invest.

The company urged prospective investors to use only the platforms listed on its website when subscribing for the shares.

The company said, “Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.”

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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 Bank
13. Stanbic IBTC
14. Sterling Bank
15. TAJ Bank
16. UBA
17. Union Bank
18. Wema Bank
19. Zenith Bank

Fintechs

1. Bamboo
2. Flutterwave
3. InvestNaija
4. Ladder
5. Moniepoint
6. Paga
7. Payaza
8. PiggyVest
9. Vetiva Invest
10. we.yan

Mobile operators

1. Airtel SmartCash
2. MTN MoMo

NGX

1. NGX Invest

The refinery’s website currently puts the offer price at ₦525 per share, with investors required to subscribe for a minimum of 10 shares, valued at ₦5,250.

The public offer is part of Dangote Refinery’s plan to raise capital from Nigerian investors through the sale of ordinary shares.