Buying IPO (Initial Public Offering) in Nigeria is straightforward once you know the process. Here is a clear step-by-step guide.
What is an IPO?
An IPO is when a company sells its shares to the public for the first time before listing on the stock market.
Example:
MTN Nigeria offered shares via public offer
Airtel Africa public offer
Upcoming potential: Dangote Refinery IPO (expected in future)
3 Ways to Buy IPO in Nigeria
2. Through Bank
Some IPOs allow purchase through banks like:
Access Bank
First Bank of Nigeria
Stanbic IBTC Bank
You:
Fill IPO form
Submit
Pay
Wait for allotment
3. Through Investment Apps
Some SEC-licensed apps offer IPO access:
Bamboo
Chaka
Trove
Risevest
(Some IPOs may not be available on all apps)
What You Need Before Buying IPO
You must have: ✅ CSCS Number
✅ Broker Account
✅ Bank Account
✅ Valid ID
✅ CHN (Clearing House Number)
Regulated by:
Securities and Exchange Commission Nigeria
Nigerian Exchange Group
Central Securities Clearing System Plc
Important Things to Know Before Buying IPO ⚠️
✔ IPOs are usually cheap at offer price
✔ You may not get full shares requested
✔ Shares may go up or down after listing
✔ Long-term investors benefit more
Example
If Dangote Refinery IPO opens:
Offer price: ₦20 per share
You apply for ₦100,000
You get 5,000 shares (if fully allotted)