Dangote Refinery is expected to launch its shares on the Nigerian Exchange in 2026, likely between June and July, giving Nigerians the opportunity to buy a stake in Africa’s largest refinery.
The public share sale will happen through an Initial Public Offering (IPO). When the IPO opens, individuals and institutional investors will be able to buy the shares. Many investors are already preparing ahead of the announcement so they can participate once the offer begins.
Here is what Nigerians need to know and how they can prepare.
Create an NGX Invest Account
The first step is to open an account on the NGX Invest platform. This platform allows individuals to subscribe to public offers and IPOs in Nigeria.
To do this, visit invest.ngxgroup.com and click on the register option. You will be asked to provide some personal information such as your name, email address, phone number and bank details. You will also need to verify your email address after registration.
During the registration process, you may also be required to provide your Bank Verification Number (BVN) and National Identification Number (NIN). These details are used to confirm your identity.
Once the account is created, you will be able to apply for public share offers that are listed on the platform.
Open a CSCS Account
Investors must also have a CSCS account before they can buy Nigerian stocks. CSCS stands for Central Securities Clearing System, and it serves as the electronic wallet where shares are stored after purchase.
You can open a CSCS account through a licensed stockbroker. Some examples include Meristem, Stanbic IBTC Stockbrokers, Chapel Hill Denham and FBNQuest.
Some investment apps also provide access to CSCS accounts. For example, users of the Bamboo app can find their CSCS number inside their account details.
To check it, open the app, go to your profile where your name appears, and look for the account details section. Your CSCS number for the Nigerian Exchange will be listed there.
Wait for the Dangote Refinery IPO
After setting up the required accounts, investors will need to wait for the official announcement of the Dangote Refinery IPO.
Once the offer opens, the IPO page will appear on the NGX Invest platform. Investors will then be able to apply and purchase the shares online.
The exact share price and minimum number of shares that investors can buy have not yet been announced. These details will be released when the IPO is officially launched.
