Dangote Petroleum Refinery IPO: subscribe through Reach
Dangote Petroleum Refinery and Petrochemicals is opening to public investors: 4.1 billion shares at ₦525 per share, with a minimum subscription of ₦100,000. Eligible Reach investors can subscribe through the app during the offer window, with no separate CSCS account required.
About the offering
Dangote Petroleum Refinery is one of the largest industrial projects in African history, with capacity to process 650,000 barrels per day. It is now opening to public investors.
The offering comprises 4.1 billion shares at ₦525 per share, representing approximately ₦2.15 trillion if fully subscribed, with a minimum subscription of ₦100,000. The subscription window is scheduled to run from 14 September to 14 October 2026; the issuer may extend or amend the window.
Offerings of this scale do not come around often. This one gives a broader base of investors, at home and in the diaspora, the opportunity to participate in the ownership of one of Nigeria's most significant industrial businesses.
How to participate on Reach
-
Sign in to Reach, or get started if you are not yet onboarded.
-
Fund your account in a supported currency. FX is converted at the prevailing rate when you apply.
-
Open Invest → Offerings, select the Dangote Petroleum Refinery IPO, and choose the number of shares you want, at or above the ₦100,000 minimum.
-
Review the prospectus and confirm. The full subscription amount is held as committed cash until allotment.
What happens after you subscribe
Once the window closes, the issuer determines allotment. If the offer is oversubscribed, allocations may be scaled back on a pro-rata basis or by ballot.
Allotted shares appear in your Reach account as a holding. Any unallotted portion of your subscription is returned to your available balance automatically. Shares become tradable once the company lists.
Through a regulated nominee structure, eligible investors can participate without setting up a separate account with Nigeria's securities clearing system. Reach's regulated partners handle subscription, settlement, and custody behind the scenes.
Important information
This announcement is for information only and is not an offer to sell, or a solicitation of an offer to buy, any security. The offering is made solely on the basis of the issuer's prospectus, which you should read in full before subscribing.
Participation is subject to eligibility, availability in your jurisdiction, and applicable terms. Offer terms and dates are set by the issuer and may change.
Investing involves risk, including possible loss of principal. Allotment is not guaranteed and may be scaled back if the offer is oversubscribed. Reach Trade is not a bank, broker-dealer, exchange, custodian, or tax adviser; brokerage, execution, clearing, settlement, and custody services are provided by third-party regulated partners.