VENO International :: news powered by truth

VENO tv: BUSINESS INVEST IN NIGERIA’S FUTURE: SUBSCRIBE TO DANGOTE REFINERY IPO THROUGH FIRSTBANK
Date: 13-09-26

A major investment opportunity is set to open in Nigeria’s capital market as Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) launches its Initial Public Offering (IPO) on Monday, September 14, 2026.
As one of the Receiving Banks for the historic offer, FirstBank is providing convenient and secure channels through which customers and other eligible investors can participate.
BRINGING INVESTMENT OPPORTUNITIES CLOSER TO NIGERIANS
The Dangote Refinery IPO gives retail and institutional investors an opportunity to own a stake in one of Africa’s most significant industrial assets.
The public offer comprises 4.1 billion ordinary shares at ?525 per share, potentially raising about ?2.15 trillion if fully subscribed.
KEY HIGHLIGHTS OF THE OFFER
Offer Price: ?525 per share
Minimum Subscription: 10 shares — ?5,250
Additional Subscription: Multiples of 10 shares
Opening Date: September 14, 2026
Closing Date: October 13, 2026
Payment: Full payment upon application
Retail Investor Incentive: Eligible investors may qualify for bonus shares, subject to the Prospectus
Use of Proceeds: Expansion of refinery operations
Proposed Listing: Main Board of the Nigerian Exchange Limited
SUBSCRIBE THROUGH FIRSTBANK
Investors will be able to subscribe through several FirstBank channels, including:
FirstMobile • FirstOnline • LIT App • PayByLink • FirstDirect for corporate customers • FirstMonie Agents • FirstBank branches nationwide
Detailed application procedures and approved subscription links are expected to be available when the offer formally opens.
A LANDMARK OPPORTUNITY
The Dangote Refinery has emerged as a major player in Nigeria’s energy and industrial landscape, strengthening domestic refining capacity and expanding the country’s role in the regional petroleum market.
The IPO will give Nigerians and other eligible investors an opportunity to participate directly in the refinery’s growth as it pursues further expansion.
Through its extensive branch network and digital banking platforms, FirstBank says it is helping make the investment process more accessible to customers.

IMPORTANT NOTICE:
FirstBank acts solely as a Receiving Bank for the offer. Prospective investors should carefully read the approved Prospectus and consider seeking independent professional advice before making any investment decision.

LINKS

Phone

Email