FULL LIST: Dangote Refinery approves 32 channels to buy shares

Dangote Refinery has released 32 institutions for it’s IPO

Dangote Refinery and Petrochemicals FZE has approved 32 banks, fintech companies, mobile network operators and investment platforms through which investors can subscribe for its shares when its public offer opens.The company disclosed the approved channels on its official initial public offering (IPO) website, urging prospective investors to use only the listed platforms when subscribing for shares.According to the company, the approved subscription channels include 19 banks, 10 fintech firms, two mobile network operators and NGX Invest.

Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintech companies, mobile network operators and investment platforms through which investors can subscribe for its shares when its public offer opens.

The company disclosed the approved channels on its official initial public offering (IPO) website, urging prospective investors to use only the listed platforms when subscribing for shares.

According to the company, the approved subscription channels include 19 banks, 10 fintech firms, two mobile network operators and NGX Invest.

It warned investors against using any platform that has not been officially approved.

“Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here,” the company said.

Here are the approved channels:

The Approved Subscription Channels

Banks

Access Bank

Ecobank

FCMB

Fidelity Bank

FirstBank

Glob’s Bank

GTCO

Jaiz Bank

Keystone Bank

Lotus Bank

PremiumTrust Bank

Providus Bank

Bank

Stanbic IBTC

Sterling Bank

TAJ Bank

Union Bank

Wema Bank

Zenith Bank

Fintechs

Bamboo

Flutterwave

InvestNaija

Ladder

Moniepoint

Paganini

Payaza

PiggyVest

Vetiva Invest

we.yan

Mobile operators

Airtel SmartCash

MTN MoMo

NGX

NGX Invest

The refinery’s website currently lists the offer price at ₦525 per share, with a minimum subscription of 10 shares, valued at ₦5,250.

The public offer is part of the Dangote Refinery’s plan to raise capital from the Nigerian investing public through the sale of ordinary shares.

Credit: The Nation

Emeka OBINNWA

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