The Dangote Petroleum Refinery IPO is getting closer, and there is one thing every investor needs to be very careful about: where you submit your application.
Dangote Petroleum Refinery and Petrochemicals FZE has published its approved Receiving Agents and Electronic Application Channels for the public offer.
We have compiled the full list below so you can easily check the platform you intend to use.
But first, please take this seriously: do not subscribe through a random link sent to you on WhatsApp, Facebook or Telegram.
The official IPO information specifically warns investors to use only approved channels.
FOKONA EXPLAINS: How much do you need to start?
The Dangote Refinery IPO is priced at ₦525 per share.
The minimum subscription is 10 shares.
That means you can start with:
10 shares × ₦525 = ₦5,250
The public offer is scheduled to open on September 14, 2026 and close on October 13, 2026.
Submitting an application does not automatically mean you will receive all the shares you requested. Applications will be processed according to the terms of the public offer after it closes.
HOW DO YOU SUBSCRIBE TO DANGOTE IPO?
The process is designed to be straightforward:
1. Enter your BVN
Your BVN is used to verify your identity.
2. Choose the number of shares you want
The minimum is 10 shares at ₦525 each.
3. Make payment
Pay through the approved channel you are using.
4. Receive confirmation
You should receive confirmation that your application has been submitted.
Important: Confirmation of your application is not the same thing as allotment.
COMPLETE LIST OF APPROVED SUBSCRIPTION CHANNELS
BANKS
1. Access Bank
2. Ecobank
3. FCMB
4. Fidelity Bank
5. FirstBank
6. Globus Bank
7. GTCO
8. Jaiz Bank
9. Lotus Bank
10. Keystone 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 & INVESTMENT PLATFORMS
20. Bamboo
21. Flutterwave
22. InvestNaija
23. Ladder
24. Moniepoint
25. Paga
26. Payaza
27. PiggyVest
28. Vetiva Invest
29. we.yan
30. Afrinvestor
31. AnchoriaApp
32. Bancorp TradePal
33. CS Alpha
34. Coronation Wealth
35. First Securities
36. Advanta
37. FutureView Invest
38. InvestNow
39. Meritrade
40. i-Invest
41. Tiddo Invest
42. Zedcrest Wealth
43. SabiVest
44. Cowrywise
45. MyInvestar
46. Revve
47. Paystro
48. Remita
49. VBank
MOBILE OPERATORS
50. MTN MoMo
51. Airtel SmartCash
OTHER APPROVED CHANNELS
52. NGX Invest
53. Ecobank Transactional – for eligible African investors
54. SBG Securities – for eligible African investors
55. NGX Invest / approved NGX electronic channel
Note: The source information supplied lists NGX Invest separately among the electronic channels, while the published list also contains other receiving-agent/electronic channels. Investors should confirm the exact channel and application route on the official IPO website before making payment.
PLEASE BE CAREFUL
This is where I want you to pay attention.
The Dangote Refinery IPO is attracting enormous public attention. That also means scammers will be watching.
The official information says investors should:
Use only approved channels.
Make sure your details match your bank records.
Keep your BVN and bank information secure.
Never share your PIN, password or OTP.
Do not pay into a random personal account.
Do not subscribe through a link someone randomly sends you.
Read the prospectus before making an investment decision.
The official IPO information also provides investor support numbers:
0800 000 DIPO (08000003476) – Toll-free
0700 CALL DIPO – Chargeable
6970 – MTN & Glo
WhatsApp/International: +234 708 493 6970
Email: ir@dangote.com
AND HERE IS THE PART MANY PEOPLE MISS
You don’t need to rush simply because everybody is talking about Dangote Refinery.
An IPO is not a guarantee that you will make money.
Before investing, understand what you are buying, the price you are paying, the company’s business, its risks, its financial performance and your own investment objective.
If you are investing, invest with knowledge.
If you are trading, understand the risks.
And if you don’t understand something, ask questions before putting your money there.
That is exactly why financial literacy matters.
Disclaimer: This article is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research or consult a licensed professional before making financial decisions.
