We use cookies on our website to help us provide the best browsing experience. By continuing to use our website you are deemed to have agreed to the use of cookies.
Learn More

Opens September 14

Own a piece of
Africa's largest refinery. — Dangote Refinery IPO

The Dangote Refinery IPO is going live!

Quick facts

₦5,250₦525 x 10 shares
Minimum investment
14 Sept. 2026
Applications open
₦2.15 trillion
Whole offer size

Are you IPO ready?

Applications open September 14th. Here’s what you need in place before then.

A Cowrywise account

A CSCS account

Funds from ₦5,250 upward

Missing any of these? Sort them out now.

Get ready now

The honest picture

The casefor it

  • 700,000 bpd: World's largest single-train refinery
  • 1.4M bpd: Planned capacity by 2029
  • $1.82bn: Profit made in just 6 months (H1 2026)

The casefor caution:

  • 12x: What you'd be paying per Naira of Dangote Refinery's current profit
  • 7x-8x: What global refining peers typically trade at
  • ~2x: How much pricier Dangote Refinery looks against global peers, right now

Bring someone along

Investing is better together. Share this opportunity with friends and family who deserve a seat at the table.

Minimum age: 18 years

Eligible IPO investors: Nigerians and eligible African investors can apply.

Corporate applications: Available for registered businesses and institutions

Applications for Kids: Accepted. Ideal for securing your child’s future

Refer a friend

Frequently asked questions

What is an IPO?
Is this IPO Shariah-compliant?
Do I need a stockbroker?
What if I’m a Nigeria living outside Nigeria?
What happens after I apply?
Can I sell my shares immediately after listing?
Is there a maximum I can apply for?
What currency do I pay in?

Applications close October 13

Don’t miss the window.

Demand for this offer may exceed the shares available and applications can be scaled back if that happens. Get IPO ready to avoid missing out.

Opens September 14

This is not investment, legal, or tax advice. Brokerage services are provided by CFTL Digital Services Limited, the sister company of Cowrywise Financial Technology Limited with RC Number 1419869, which is duly incorporated under the laws of the Federal Republic of Nigeria with RC Number 7022919 and licensed by the Securities and Exchange Commission (SEC) as a digital sub-broker in Nigeria, transacting through its sponsoring broker, Meristem Stockbrokers Limited with RC Number 1125398, a SEC-licensed stockbroking company and NGX trading license holder.

By using the stocks feature on Cowrywise, you accept CFTL Digital's Terms of Use and Privacy Policy .