Ecobank has announced that retail and institutional investors across Africa can subscribe to the ongoing Dangote Petroleum Refinery share offer through its digital and branch banking channels.
The bank said its pan-African network and digital platforms are providing investors with access to the public offer, which opened on September 14, 2026, and is scheduled to close on October 13, 2026.
The Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares, valued at ₦5,250. The official IPO website states that eligible investors can subscribe through approved receiving agents and electronic application channels.
Access through Ecobank channels
In Nigeria, Ecobank said both its customers and non-customers can participate through the Ecobank Mobile App, Internet Banking, the bank’s website and its branches nationwide.
The bank’s wider African network covers 33 African countries, while its international offices include locations in London, Paris, Beijing and Dubai. This network is being used to provide eligible investors outside Nigeria with access to the offer, subject to applicable regulations and subscription requirements.
Austen Osokpor, Head of Marketing and Corporate Communications at Ecobank Nigeria, said the bank was committed to connecting customers and the wider public with opportunities that support broader participation in the capital market.
He added that Ecobank’s digital platforms and branch network were positioned to provide investors with access to the share offer.
Dangote IPO attracts retail investors
The public offer has generated significant interest since its launch. Reuters previously reported that several Nigerian digital investment platforms experienced technical disruptions after large numbers of retail investors attempted to subscribe when the IPO opened.
The IPO is designed to give members of the public an opportunity to acquire an ownership stake in the refinery, one of Africa’s major industrial projects.
The official Dangote IPO website has also warned investors that buying shares carries investment risk and that the value of shares can rise or fall. It advises prospective investors to read the prospectus before making a decision.
Investors warned about scams
With the strong public interest surrounding the offer, regulators have also warned investors to be careful when subscribing.
The Securities and Exchange Commission (SEC) advised prospective investors to use only officially approved receiving agents and subscription channels. It specifically warned against transferring money to individuals or entities claiming to collect IPO applications outside the approved process.
The SEC also urged investors to verify websites and platforms before providing personal or financial information and to be cautious of unsolicited WhatsApp messages, social-media advertisements, emails and other communications promising guaranteed or preferential share allocations.
The Dangote Refinery public offer is scheduled to remain open until October 13, 2026. Investors interested in participating are expected to use approved channels and carefully review the prospectus and terms of the offer before subscribing.
