CardinalStone offers digital access to Dangote IPO through CS Alpha

CardinalStone, a leading investment banking and securities firm, is making it easier for investors to participate in the Dangote Petroleum Refinery IPO through its digital platform, CS Alpha. The N2.15 trillion public offering is set to close on October 13, 2026, and CardinalStone is one of the joint issuing houses for the deal. Retail investors can now subscribe through the CS Alpha web platform or mobile application without needing to be existing customers.

The IPO, which comprises 4.1 billion ordinary shares priced at N525 per share, opened on September 14 and aims to raise capital to support the expansion of the Dangote Refinery's Lagos facility from around 700,000 barrels per day to 1.4 million barrels per day. Investors must purchase shares in multiples of 10, starting from a minimum of 10 shares, equivalent to N5,250.

CardinalStone's CS Alpha platform enables investors to subscribe, trade, and access market information digitally, offering a convenient alternative to traditional physical application channels. The firm's stockbroking business on the Nigerian Exchange has seen significant growth, handling N2.02 trillion in transaction value on a year-to-date basis.

CardinalStone has been recognized for its exceptional performance in the Nigerian capital market, including being named Africa's Best Broker in 2025 and Stockbroker of the Year in 2026. The firm's commitment to innovation and client service has solidified its position as a trusted partner for both institutional and retail investors in Nigeria.