Nigerians at home and abroad seeking to participate in the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals can submit their applications through Zenith Bank’s digital platforms and branches nationwide.
Zenith Bank, a receiving bank and designated electronic application channel for the offer, has made subscription available through its website, mobile app, internet banking, USSD, corporate internet banking and branches across Nigeria.
The bank said investors can access the subscription channels remotely or visit any of its branches to submit their applications.
The offer is open from Monday, September 14, 2026, and will run for 30 days, closing on Tuesday, October 13, 2026.
According to the offer prospectus, the shares are priced at ₦525 each, with a minimum subscription of 10 shares, valued at ₦5,250. The IPO seeks to raise ₦2.15 trillion, which the prospectus describes as the largest equity offering undertaken on the African continent.
The prospectus also provides for a Retail Investor Incentive Programme under which eligible retail investors who subscribe and hold their shares may qualify for bonus shares, subject to applicable terms and regulatory approvals.
Subscription Channels
Investors can access the offer through Zenith Bank’s website, mobile application, internet banking, USSD and corporate internet banking platforms. Applications can also be submitted at Zenith Bank branches nationwide.
Zenith Bank said its network of 456 branches and 84 cash centres provides additional access points for investors who prefer in-person banking services.
Applications are linked to investors’ Bank Verification Numbers (BVNs), in line with applicable identification and verification requirements.
The bank said its digital infrastructure is designed to enable customers to complete subscription-related transactions through electronic channels.
Within the wider transaction, Quantum Zenith Capital & Investments Limited is among the joint issuing houses, while Zenith Bank serves as a Receiving Bank and electronic application channel for the offer.
Zenith Bank said investors who wish to participate can fund their accounts and submit their applications through the available channels before the offer closes on October 13, 2026.
Prospective investors are advised to carefully review the approved Offer Prospectus, which contains the terms, conditions, eligibility requirements and other information relating to the IPO. Investors may also seek independent professional advice where appropriate before making an investment decision.
