Dangote Refinery IPO opened to Nigeria’s diaspora — Premium Times Nigeria
In Nigeria, investors living abroad can apply online to participate in the IPO of Dangote Petroleum Refinery and Petrochemicals FZE. The public offering began on September 14 and will run until October 13, 2026, according to a Premium Times Nigeria report published as a press release.
A total of 4.1 billion ordinary shares are being offered at a price of 525 Nigerian naira per share. The minimum application is 10 shares, or 5,250 naira. The offering is available to non-residents and investors from the Nigerian diaspora who meet the established requirements.
Online applications
FSDH Capital is one of the joint issuing houses. According to the publication, applications from non-residents and diaspora investors may be processed through the FSDH Nominees Custody Platform.
To register, applicants need to upload a valid international passport and recent proof of residential address matching the profile information. After the documents are verified, an investor can select the number of shares and apply remotely.
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FSDH also facilitates the issuance of a Certificate of Capital Importation, documentation concerning foreign capital brought into Nigeria for investment. The report states that this document is required for the subsequent transfer abroad of funds to which the investor is entitled.
Currency and security warnings
The investment is denominated in Nigerian naira. The amount an investor will be able to receive in another currency when repatriating funds will depend on the exchange rate and the availability of foreign currency at that time.
Nigeria’s Securities and Exchange Commission warned IPO participants to use only officially designated subscription channels and to verify the authenticity of websites and platforms before providing personal or payment data. The regulator also warned about the risks of offers via WhatsApp, email, and social media, including promises of guaranteed or preferential share allocations.
