How to Buy Dangote Refinery Shares in the 2026 IPO
Dangote Refinery shares are on offer at ₦525 each from 14 September to 13 October 2026. What you need, how many shares you can apply for, and how to apply through a licensed broker.
To buy Dangote Refinery shares, apply through a licensed broker or investment app using a CSCS account and CHN in your own name during the IPO; after listing, place an NGX order through a broker or app. The Securities and Exchange Commission (SEC) approved the offer in September 2026: 4.1 billion ordinary shares at ₦525 each, open from 14 September to 13 October 2026. This guide covers what you need, how many shares you can apply for, and how to apply safely.
Nigerian, with a BVN, a Nigerian bank account, proof of address and a Nigerian passport or NIN? Apply through the normal Shares Saver purchase flow. Your order shows as pending until allotment.
Buy SharesThe Offer at a Glance
- Issuer: Dangote Petroleum Refinery & Petrochemicals FZE
- Price: ₦525 per share
- Opens 14 September 2026 and closes 13 October 2026
- Minimum application: 10 shares (₦5,250), then multiples of 10
- Shares on offer: 4.1 billion ordinary shares, about ₦2.15 trillion in total
- Listing: Main Board of the Nigerian Exchange (NGX)
Check every figure against the official prospectus before you pay. The offer terms are set by the issuer and its advisers, not by brokers or apps.
What You Need Before You Apply
- A Bank Verification Number (BVN)
- A National Identification Number (NIN)
- A Nigerian bank account in your name, to pay from and to receive any refund
- A CSCS account, which holds your shares in your name. A licensed stockbroker opens one for you if you do not have one
If you already hold Nigerian shares, you may already have a CSCS account and a Clearing House Number (CHN). Your broker will tell you whether it can be used for this application.
Step 1: Choose a Licensed Broker
Ready to apply? Check whether you can, and work out your shares, on our Dangote Refinery IPO page.
Check if You Can ApplyIPO applications are lodged by stockbrokers licensed by the SEC and the NGX, or through the receiving agents named in the prospectus. Shares Saver works with Crown Capital Limited, a trading licence holder of the Nigerian Exchange, which accepts applications for this offer.
Step 2: Decide How Many Shares
You apply in blocks of 10 shares. 10 shares cost ₦5,250, 100 shares cost ₦52,500 and 1,000 shares cost ₦525,000. Only invest money you can leave invested: the price can move once the shares start trading.
Step 3: Apply and Pay Before the Offer Closes
Submit your application with your BVN, NIN and CSCS details, and pay the full amount before 13 October 2026. Brokers usually need your application a few days before the official close, so do not leave it to the last day.
Step 4: Allotment, Refunds and Listing
After the offer closes, the shares are allotted. If the offer is oversubscribed you may receive fewer shares than you applied for, and the difference is refunded to your bank account. Allotted shares are credited to your CSCS account, and you can trade them once they list on the NGX.
Applying from Outside Nigeria
Nigerians living abroad can apply if they have a BVN and a Nigerian bank account. If you do not have a BVN, you can now get a Non-Resident BVN online with your Nigerian passport. Foreign nationals without a Nigerian passport generally cannot apply through a retail broker.
Living outside Nigeria? How to get a Non-Resident BVN and apply from abroad.
Read the Dangote IPO Abroad GuideHow to Avoid Scams
- Retail investors can only buy through the public offer, at ₦525 a share, between 14 September and 13 October 2026. Anyone selling "pre-IPO" or discounted Dangote Refinery shares to the public is a red flag.
- Apply only through a licensed stockbroker or an official receiving agent, and pay only into accounts they confirm in writing.
- Ignore anyone promising a certain allotment, certain returns or a share price after listing.
- Check that a broker is registered on the SEC Nigeria and NGX websites before you pay.
After the IPO: Buying on the NGX
Once the shares list, you can buy them like any other NGX-listed share, at the market price, through a stockbroker or a regulated investment platform. Shares Saver lets you buy NGX-listed shares every month, registered in your own name.
Nigerian, with a BVN, a Nigerian bank account, proof of address and a Nigerian passport or NIN? Apply through the normal Shares Saver purchase flow. Your order shows as pending until allotment.
Buy SharesFrequently Asked Questions
How much is one Dangote Refinery share in the IPO?
The offer price is ₦525 per share. The minimum application is 10 shares, so the least you can invest is ₦5,250.
When does the Dangote Refinery IPO open and close?
The offer opens on 14 September 2026 and closes on 13 October 2026. Brokers may set an earlier cut-off for their own clients.
Where can I buy Dangote Refinery shares?
During the offer, through a stockbroker licensed by the SEC and the NGX, or through the receiving agents named in the prospectus. After listing, through any NGX stockbroker or regulated investment platform.
What documents do I need to buy Dangote Refinery shares?
Your BVN, your NIN, a Nigerian bank account and a CSCS account. A licensed stockbroker can open the CSCS account for you.
Can I apply from outside Nigeria?
Yes, if you are a Nigerian citizen with a BVN (or a Non-Resident BVN, which you can get online) and a Nigerian bank account. Foreign nationals without a Nigerian passport generally cannot apply through a retail broker.
Will I get all the shares I apply for?
Not necessarily. If demand is higher than the number of shares on offer, allotments are scaled back and the difference is refunded.
Can I buy Dangote Refinery shares through an app?
Yes, if the app routes your application through a licensed stockbroker. The broker opens or links your CSCS account and CHN so any allotted shares are registered in your own name.
Important disclaimer. This article is for general information and educational purposes only. It does not constitute financial advice, investment advice, or any recommendation to buy, sell, or hold any security. The value of investments can fall as well as rise. You should seek independent regulated financial advice before making any investment decision. Shares Saver does not provide financial advice.