Dangote Refinery IPO targets 10m investors to reshape Nigeria’s capital market
The Dangote Petroleum Refinery and Petrochemicals public offer is targeting a milestone that could redefine retail participation in Nigeria’s capital
United Capital's InvestNow digital platform is enabling investors to participate in the ongoing Dangote Petroleum Refinery IPO, which is closing on October 13, 2026. The Pan-African financial services group is acting as the Joint Issuing House and one of the Official Stockbrokers for the N2.15 trillion public offering. The IPO comprises 4.1 billion ordinary shares priced at N525 each.
Eligible investors can subscribe to the refinery's shares online through InvestNow's platform at https://app.investnow.ng/ipos, with a minimum subscription of 10 shares, equivalent to N5,250. United Capital's dual role in the transaction includes its capital-raising expertise and securities trading capabilities. The company's involvement in the IPO brings together its Investment Banking business and Securities business, combining advisory and capital markets expertise with stockbroking and digital investment services.
As digital channels become increasingly important for capital market participation, InvestNow provides United Capital with an additional avenue for reaching retail investors. United Capital has a significant presence in Nigeria's capital market and across Africa, with operations in more than 12 African countries. The IPO supports the refinery's planned expansion from approximately 700,000 barrels per day to 1.4 million barrels per day.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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