UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

United Bank for Africa (UBA) has been designated as an authorized financial institution to facilitate investor subscriptions to the Initial Public Offering (IPO) of Dangote Refinery and Petrochemicals FZE. This significant opportunity offers eligible investors, both Nigerians and international, the chance to become shareholders in Africa's largest industrial investment.

The IPO proposes the sale of 4.1 billion ordinary shares at a price of ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250. Interested parties can apply for additional shares according to the offer's guidelines. The subscription period commences on September 14, 2026, and concludes on October 13, 2026, contingent upon the terms outlined in the offer documents.

UBA urges potential investors, including its customers, to utilize its approved channels to participate in this landmark offering. Tosin Adewuyi, Executive Director Designate of UBA Group, expressed pride in being among the approved financial institutions providing access to the Dangote Refinery public offer. He emphasized the bank's commitment to promoting financial inclusion and expanding opportunities for individuals and businesses to meaningfully engage in Nigeria's capital market.

UBA encourages investors to thoroughly review the offer documents, understand the associated terms and risks, and make informed investment choices. To participate, investors must ensure their personal and banking details, including BVN information, are accurate and current before submitting their applications. UBA customers can access the offer through the Bank's designated platforms.

The Dangote Refinery IPO is anticipated to be a landmark transaction for Nigeria's capital market, aiming to broaden participation in the ownership of the refinery and enable retail investors to invest in the enterprise. The bank invites a diverse range of investors, including individuals, professionals, entrepreneurs, business owners, institutional investors, and others, to subscribe through UBA.

However, it is crucial for investors to carefully read the Prospectus and other offer documents and seek professional advice when necessary before investing. Investing in shares carries risks, and the value of investments may fluctuate. UBA advises investors to subscribe exclusively through approved channels and remain vigilant against fraudulent investment schemes.

A specific warning from the official Dangote Refinery IPO website cautions investors against disclosing their PIN, password, or OTP and from sending money to personal accounts. UBA emphasizes the importance of reading the Prospectus and relevant offer documents before subscribing.