Magoh Clara
The opening of the Dangote Refinery Initial Public Offering, IPO, on Monday triggered a rush among Nigerians seeking to buy shares, with some digital investment platforms reportedly experiencing disruptions.
The offer, which commenced on September 14, 2026, provides investors with an opportunity to own shares in Dangote Petroleum Refinery and Petrochemicals.
The company is offering 4.1 billion ordinary shares at ₦525 each, with the minimum subscription set at 10 shares, costing ₦5,250.
The offer is expected to remain open until October 13.
As thousands of prospective investors attempted to participate through digital channels, reports emerged of difficulties accessing some investment applications.
Bamboo, one of the platforms through which investors could participate, reportedly experienced disruptions as users rushed to place orders.
The heavy traffic highlighted the level of interest generated by the public offer, which has been promoted as an opportunity for ordinary Nigerians and other eligible investors to take part in the ownership of one of Africa’s largest refineries.
The Trumpet Newspaper Nigeria The IPO is expected to raise about ₦2.15 trillion if fully subscribed, with proceeds earmarked to support the refinery’s expansion and other long-term business plans.
