The scale of the moment
Analysts expect this to rank among the largest public offerings an African exchange has ever hosted — and retail investors are invited, not just institutions.
Sixty years of oil.
Your first chance to own the refinery.
Receive IPO updates from InvestNaija. You'll have everything in place to subscribe the day the offer opens.
Price: ₦525/share
Volume: 4.1B shares
Minimum: 10 shares
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The window will be brief. Your notice doesn't have to be.
Offers of this scale draw heavy demand, and oversubscribed offers are scaled back. Signing up for IPO updates costs nothing and commits you to nothing — it puts the facts in your hands at the moment they matter most.
- The offer price, minimum subscription, and dates — sent the day they're published
- A step-by-step guide to subscribing through the InvestNaija app
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When the offer opens
Dangote Petroleum Refinery and Petrochemicals (DPRP)
Subscribe through InvestNaija by Chapel Hill Denham
Subscribe on WhatsApp
Once the transaction is officially announced and open, you will be able to subscribe for Dangote Petroleum Refinery and Petrochemicals (DPRP) shares on WhatsApp through InvestNaija by Chapel Hill Denham.
WhatsApp subscriptions will only become available after the offer is officially announced and the transaction launches. Final terms will be confirmed in the official prospectus; please read it before investing.
The Opportunity
About the Dangote Refinery Initial Public Offering
Nigeria has always produced crude. The wealth was in refining it — and for sixty years, that wealth was earned elsewhere. The Dangote Refinery brought refining home.
Transaction Details
- Price per share
- ₦525
- Shares to be issued
- 4.1B
- Minimum shares
- 10
NA YOUR OWN.
Where InvestNaija comes in
InvestNaija is a participating distribution channel for the offer. When subscription opens, the entire process runs inside the app — brokerage, CSCS, and payment handled end to end.
Plain Answers
Frequently asked questions
What we know, what nobody knows yet, and what it means for your decision.
When will the IPO open?
The open and close dates are currently TBC (To Be Confirmed). People signed up for IPO updates will hear from us as soon as the dates are finalized.
What are the transaction details and minimum investment?
The price is set at ₦525 per share, with 4.1 billion shares to be issued. The minimum subscription is 10 shares, meaning the minimum investment will be ₦5,250.
Is my allocation guaranteed?
No IPO can promise that. If demand exceeds the shares on offer, allocations are scaled down and surplus funds are refunded. Preparation still matters: read the official prospectus and make sure your account and KYC are ready before deciding whether to subscribe.
Can I sell my shares later?
Yes. After listing on the Nigerian Exchange (NGX), the shares trade like any other listed stock. You can sell whenever you choose, at the prevailing market price — which may sit above or below what you paid.
Do I need an existing brokerage account?
No. InvestNaija is backed by Chapel Hill Denham — licensed by the SEC as a broker-dealer, with a trading license on the NGX — so your subscription, brokerage, and settlement all run through the app.
What is a CSCS number, and do I need one?
The Central Securities Clearing System gives every investor on the NGX a unique account where shares are held electronically. You will need one — and if you don't have it, we create it for you during onboarding.
I've never bought shares before. Should I start here?
Possibly — many Nigerians will make this their first investment. But go in with clear eyes: every equity investment can lose value as well as gain it. Read widely, invest only what you can leave untouched, and treat the prospectus as required reading.
Disclaimer: All investments carry risk, including the possible loss of the amount invested. Details on this page reflect publicly available sources at the time of writing and may change. The offer price, subscription dates, and dividend structure remain subject to regulatory approval and will be confirmed only in the official prospectus filed with the Securities and Exchange Commission of Nigeria. Read the prospectus before you invest.
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