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Own a piece of Nigeria’s future.
Dangote Petroleum Refinery & Petrochemicals FZE IPO.
The public offer is open. Start with ₦5,250. Choose the way you want to apply.
- Price per share
- ₦525
- Minimum shares
- 10
- Shares on offer
- 4.1 billion
- Offer closes
- 13 October 2026
All investments carry risk, including loss of capital. Read the prospectus before applying.
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Three ways to make it yours.
Apply through InvestNaija by Chapel Hill Denham. Choose the way that works for you.
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Subscribe using the InvestNaija by Chapel Hill Denham app on iOS or Android.
Web App
Apply online through the InvestNaija by Chapel Hill Denham web app.
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Have your BVN and personal details ready for verification in your chosen channel. Never share your BVN in a public message.
Plan your subscription
What could your budget buy?
Estimate your shares before choosing a subscription channel.
Use the field above for amounts up to ₦2.1 trillion.
Estimate only. Shares are purchased in multiples of 10. Excludes any fees. Final subscription rules and allotment are subject to the prospectus.
Choose how to applyThe Opportunity
From refining oil to opening ownership.
Apply to own shares in the Dangote Petroleum Refinery and Petrochemicals FZE Initial Public Offer.
The refinery brings fuel production closer to home. The offer gives retail investors an opportunity to participate as shareholders. Understand the business, the offer terms and the risks before deciding.
Understand the business
Explore the refinery’s operations, markets and financial performance in the prospectus.
Make an informed decision
Review the use of proceeds, shareholder rights and investment risks alongside the offer price.
Offer documents
Read the full offer terms and investment risks before you subscribe.
View offer documents
Frequently Asked Questions
This FAQ is provided for informational and educational purposes only. It is not investment advice. The information is based solely on the Prospectus and is subject to change. Please read the full Prospectus carefully before making any investment decision. If you are unsure about the contents of the Prospectus or the action to take, consult your stockbroker, accountant, banker, solicitor, or a registered investment adviser.
Plain answers
Before you apply.
Ten key answers about the offer, applying and owning shares.
View all 63 FAQsWhat is an IPO?
An Initial Public Offering (“IPO”) is the first time a private company offers its shares to the public. When you buy shares in an IPO, you become a part-owner of the entity. If the entity does well over time, the value of your shares may increase, and you may receive dividends (a share of the company's profits).
When does the IPO open and close?
The IPO will open on 14 September 2026 and close on 13 October 2026
Who can buy shares in this IPO?
The IPO is open to individual and institutional investors in Nigeria. There are three categories of investors: Retail Investors (individual members of the public), Qualified Investors (institutional and professional investors), and African Investors (investors from other African countries, investing through designated financial intermediaries). The IPO is not being marketed to investors in the United States, United Kingdom, Canada, Australia, or Japan.
How do I apply as a retail (individual) investor?
You can apply in three simple ways: through the InvestNaija by Chapel Hill Denham app (available on the Google Play and iOS Stores), through our dedicated WhatsApp channel (send “DPRP” to 0911 100 5998), or through our web application (click here).
What if I don't have a CSCS account when I apply?
If you do not have any existing CSCS account at the time of application, a CSCS account will be opened for you as your application is processed.
What is the minimum number of shares I can buy?
The minimum number of shares you can buy is 10 shares. Any additional amount must be in multiples of 10 (for example, 10, 20, 30, 50, 100, and so on). At the Offer Price of ₦525.00 per share, the minimum investment is ₦5,250.00.
How do I pay for my shares?
Payment must be made in full at the time you submit your application. The specific payment methods are those acceptable through the Electronic Application Channels specified in the Prospectus.
What happens to my money if I don't get all the shares I applied for?
If you are allotted fewer shares than you applied for, or if your application is rejected, the unused portion of your payment will be refunded. Refunds will be made in Naira to the bank account you provided in your application.
Is this investment risky?
Yes. All investments in shares carry risk, and you could lose some or all of the money you invest. The Prospectus devotes a full section to Risk Factors, and you should read it carefully. Some investments go up in value and some go down — there is no guarantee either way.
Will I receive dividends?
Whether the Enterprise pays dividends and how much it pays will depend on its profitability, cash flow, capital needs, and the Board's decision at the time. The shares being offered carry the right to receive dividends if and when declared by the Enterprise.
All investments carry risk, including loss of capital. This page is a guide, not a guarantee of returns or allotment. Read the official prospectus and final offer terms before applying.
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