Since you already have a CHN and CSCS account linked through your broker, you are in a good position for any future IPO participation on the Nigerian market.
About the Dangote Refinery IPO
First, don’t worry about your previous trade execution issues affecting a future IPO automatically. IPO subscriptions and secondary-market share trading are often handled differently by brokers.
However, there is an important update: Dangote Refinery has previously denied several unofficial reports about an imminent IPO and advised investors to rely only on official announcements. More recently, reports have indicated a possible listing later in 2026, but investors should still wait for formal NGX and company disclosures before making plans.
When the IPO is officially launched:
Confirm your broker account is active.
Ensure your CHN and CSCS details are correct.
Fund your brokerage account before the offer closes.
Follow the subscription instructions from your broker.
If Meritrade participates in the offer, your existing CHN and CSCS should normally be sufficient for allocation and settlement.
What if my previous trades were not executed?
That depends on why they failed:
Insufficient funds?
Wrong order type?
No matching seller/buyer?
Technical issue with the platform?
A failed trade in the past does not usually disqualify you from participating in an IPO.
About SpaceX
SpaceX is currently publicly traded in the United States following its June 2026 IPO, and retail investors can buy shares through brokers that provide access to U.S. stocks.
For a Nigerian investor, platforms that provide access to U.S. equities may include:
investbamboo.com
troveapp.co
risevest.com
Before opening an account specifically for SpaceX, verify that the platform currently offers access to the stock and check the trading symbol available on that platform.
Given your investing journey so far, I would suggest not committing a very large percentage of your portfolio to a single IPO—whether Dangote Refinery or SpaceX. IPOs can be highly volatile in their first few months, while your existing approach of combining money market funds, government securities, ETFs, and quality shares provides better diversification.
What exactly happened when your previous trades on Meritrade were not executed? Were they buy orders, sell orders, or IPO subscriptions? That will help me identify whether there is any issue you need to fix before the Dangote offer opens.