Paul Adiku
New member
I bring you interesting news. You can buy shares of the Dangote Refinery (Africa's largest refinery) through POS Operators.
Dangote Refinery Shares Update
- Thread starter Paul Adiku
- Start date
Paul Adiku
New member
It's no longer news that Dangote Refinery (aka Africa's largest refinery), the $20 billion project that took years to build and had the whole continent watching, is preparing for an IPO.
Every day, there is a new development, but this recent update is something else, something that you never imagined.
You will not only be able to buy shares using a fintech app but you will also be able to buy them through a POS machine- the same POS machine your mama uses to send you money. POS operators are being positioned to help distribute shares across the country, and the goal is to ensure that every Nigerian, regardless of where they are, can own a piece of the most talked-about business in Africa!
So, if you have a BVN, you can participate. Whether you are in Lagos, Abuja, London, or anywhere else in the world.
Now let's talk about the numbers because they will definitely blow your mind.
The Dangote Refinery is expected to list on the Nigerian Exchange at a valuation of approximately $50 billion, which is roughly 70 TRILLION NAIRA!
About 10% of the company will be offered to investors through the IPO, which means the offer size alone could be around $1.5 billion, and that makes it the LARGEST public offering ever undertaken in Africa! Not Nigeria, oooo AFRICA!!
And not just that, Dangote has also confirmed that the refinery will pay DOLLAR-DENOMINATED dividends after listing. Meaning if you own shares, your dividend payments could come in dollars.
Fintech companies with major footprints across Nigeria have already been engaged to provide the infrastructure for the share sale!! Agency banking networks and POS operators are also being positioned to help distribute the shares across the country!
The goal is simple: to make sure every Nigerian, regardless of where they are, can own a piece of the most talked about business in Africa!!
Written by Tomi from Trove.
Every day, there is a new development, but this recent update is something else, something that you never imagined.
You will not only be able to buy shares using a fintech app but you will also be able to buy them through a POS machine- the same POS machine your mama uses to send you money. POS operators are being positioned to help distribute shares across the country, and the goal is to ensure that every Nigerian, regardless of where they are, can own a piece of the most talked-about business in Africa!
So, if you have a BVN, you can participate. Whether you are in Lagos, Abuja, London, or anywhere else in the world.
Now let's talk about the numbers because they will definitely blow your mind.
The Dangote Refinery is expected to list on the Nigerian Exchange at a valuation of approximately $50 billion, which is roughly 70 TRILLION NAIRA!
About 10% of the company will be offered to investors through the IPO, which means the offer size alone could be around $1.5 billion, and that makes it the LARGEST public offering ever undertaken in Africa! Not Nigeria, oooo AFRICA!!
And not just that, Dangote has also confirmed that the refinery will pay DOLLAR-DENOMINATED dividends after listing. Meaning if you own shares, your dividend payments could come in dollars.
Fintech companies with major footprints across Nigeria have already been engaged to provide the infrastructure for the share sale!! Agency banking networks and POS operators are also being positioned to help distribute the shares across the country!
The goal is simple: to make sure every Nigerian, regardless of where they are, can own a piece of the most talked about business in Africa!!
Written by Tomi from Trove.
Ojobo Jennifer
Member
How to invest in Dangote Refinery IPO
Many analysts expect the Dangote Refinery IPO window to open around August, but Aliko Dangote recently stated that the IPO is planned for September. So, hopefully, the offer will go live on the Nigerian Exchange Group (NGX) in September. To take advantage of it, below are the steps you need to follow:
Open a Brokerage Account:
You will need an account with a licensed stockbroker such as ARM Securities, Trove Finance, LeadCapital, Bamboo, Stanbic IBTC, Chaka, Afrinvest, and others. You only need one. You can download their apps from the Play Store or Apple App Store.
Once your account is set up, you should receive your Central Securities Clearing System number (CSCS). This is where Nigerian shares are held electronically. You need a CSCS account to invest in the Dangote Refinery IPO.
To open a brokerage account, you will typically need:
• A valid means of identification (National ID, International Passport, or Driver’s License)
• Your Bank Verification Number (BVN)
• A recent utility bill
• Passport photographs
If You Already Have a Stockbroker Account
If you already have an account with a stockbroker and you currently buy stocks, then you are already set. It means your CSCS account is active. When the IPO is listed, simply:
• Log in to your brokerage app or platform
• Fund your account
• Go to the IPO/Public Offers section
• Select Dangote Refinery IPO
• Enter the number of shares or amount you want to invest
• Submit your subscription
• Wait for share allotment
That’s all in most cases.
Fund Your Account Early:
Large public offers like the anticipated Dangote Refinery IPO are known to sell out quickly and often become heavily oversubscribed. Because of this, it is very important to pre-fund your brokerage account with the amount you intend to invest so your application can be submitted immediately once the subscription window opens. Avoid last-minute network congestion or payment delays. Transfer your investment capital into your broker’s settlement wallet ahead of time.
Watch Out for the Offer Opening:
Once you have an account with a stockbroker or digital investment app, keep an eye out for the IPO prospectus and official announcement. When the IPO opens, your broker or investment app will provide:
• An offer form, or
• An in-app “Public Offers” section
You will then indicate the number of shares you want to buy and authorize the deduction of funds from your account.
Share Allotment:
Once the offer closes, the receiving agents and regulators will process all applications. If the IPO is heavily oversubscribed, as expected, you may receive only a partial allotment (fewer shares than you applied for) instead of your full request. Any unallocated funds will usually be refunded to your settlement account.
After the IPO Closes:
Once the shares are officially listed on the Nigerian Stock Market, you can buy or sell Dangote Refinery shares normally through your brokerage platform, just like any other listed stock.
That is it. The Dangote Refinery IPO could become one of the biggest investment opportunities in Nigeria’s capital market history. However, preparation is key. Open and verify your brokerage account early, ensure your CSCS account is active, and fund your account ahead of time so you can act quickly once the offer opens. Most importantly, invest wisely. Do not invest money you cannot afford to leave untouched for some time, and you can study the IPO prospectus carefully before making your final decision.
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Abiodun Olusola
Many analysts expect the Dangote Refinery IPO window to open around August, but Aliko Dangote recently stated that the IPO is planned for September. So, hopefully, the offer will go live on the Nigerian Exchange Group (NGX) in September. To take advantage of it, below are the steps you need to follow: Open a Brokerage Account:You will need an account with a licensed stockbroker such as ARM Securities, Trove Finance, LeadCapital, Bamboo, Stanbic IBTC, Chaka, Afrinvest, and others. You only need one. You can download their apps from the Play Store or Apple App Store.
Once your account is set up, you should receive your Central Securities Clearing System number (CSCS). This is where Nigerian shares are held electronically. You need a CSCS account to invest in the Dangote Refinery IPO.
To open a brokerage account, you will typically need:
• A valid means of identification (National ID, International Passport, or Driver’s License)
• Your Bank Verification Number (BVN)
• A recent utility bill
• Passport photographs
If You Already Have a Stockbroker AccountIf you already have an account with a stockbroker and you currently buy stocks, then you are already set. It means your CSCS account is active. When the IPO is listed, simply:
• Log in to your brokerage app or platform
• Fund your account
• Go to the IPO/Public Offers section
• Select Dangote Refinery IPO
• Enter the number of shares or amount you want to invest
• Submit your subscription
• Wait for share allotment
That’s all in most cases.
Fund Your Account Early:Large public offers like the anticipated Dangote Refinery IPO are known to sell out quickly and often become heavily oversubscribed. Because of this, it is very important to pre-fund your brokerage account with the amount you intend to invest so your application can be submitted immediately once the subscription window opens. Avoid last-minute network congestion or payment delays. Transfer your investment capital into your broker’s settlement wallet ahead of time.
Watch Out for the Offer Opening:Once you have an account with a stockbroker or digital investment app, keep an eye out for the IPO prospectus and official announcement. When the IPO opens, your broker or investment app will provide:
• An offer form, or
• An in-app “Public Offers” section
You will then indicate the number of shares you want to buy and authorize the deduction of funds from your account.
Share Allotment:Once the offer closes, the receiving agents and regulators will process all applications. If the IPO is heavily oversubscribed, as expected, you may receive only a partial allotment (fewer shares than you applied for) instead of your full request. Any unallocated funds will usually be refunded to your settlement account.
After the IPO Closes:Once the shares are officially listed on the Nigerian Stock Market, you can buy or sell Dangote Refinery shares normally through your brokerage platform, just like any other listed stock.
That is it. The Dangote Refinery IPO could become one of the biggest investment opportunities in Nigeria’s capital market history. However, preparation is key. Open and verify your brokerage account early, ensure your CSCS account is active, and fund your account ahead of time so you can act quickly once the offer opens. Most importantly, invest wisely. Do not invest money you cannot afford to leave untouched for some time, and you can study the IPO prospectus carefully before making your final decision. LIKE and SHARE this with your friends. Abiodun Olusola