The Dangote IPO Opens Soon. Here’s How to Get Ready

The subscription window for the Dangote Petroleum Refinery and Petrochemicals FZE IPO — shaping up to be the largest public offering in African history — opens shortly. The listing itself is already live on Daba, so you can explore it now; what’s still ahead is the subscription window itself. The steps that actually determine whether you can participate smoothly happen before that window opens, not during it. Here’s what to have in place.

The Key Offer Terms

Following the September 7, 2026 signing ceremony in Lagos, the confirmed terms are:

• Offer price: ₦525 per share (roughly $0.40 at the exchange rate used around the announcement)
• Base offer size: 4.1 billion ordinary shares
• Potential raise: Approximately ₦2.15 trillion (~$1.6 billion) if fully subscribed
• Minimum subscription: 10 shares, or ₦5,250, before any applicable transaction or currency conversion costs
• Subscription window: September 14 to October 13, 2026, with the possibility of an earlier close in case of oversubscription
• Trading: Expected to begin following allotment and listing procedures, with Reuters reporting an indicative timetable pointing to trading starting sometime between early and late November 2026

A four-week window sounds like plenty of time, but the accounts, verification, and funding steps below are worth clearing well before September 14 — application processing and allotment both move faster for accounts that are already fully set up.

6 Things to Do Before the Window Opens

1. Create and Verify Your Account Now, Not on Day One

Account creation itself takes minutes — as an individual (available on mobile and web) or as a business / entity such as a trust, personal investment company, or family investment vehicle (available on web only). Identity verification is the part that’s best done without time pressure. For individuals, KYC is fully digital — a valid government-issued ID and a selfie, reviewed automatically, usually in under 5 minutes with good lighting and a glare-free photo. For businesses, the administrator’s personal KYC starts immediately, while the business itself goes through KYB — a manual, document-driven review that can take up to a week. If you intend to subscribe as a business, this is the reason to start now rather than once the window is already open: the KYB timeline matters most when the clock is already running.

2. Gather Your Documents in Advance

Individuals need a valid passport, national ID, or driver’s license, plus a clear selfie. Businesses need six core documents: certificate of incorporation, registration documents, articles of association, tax ID documents, proof of address, and proof of bank — plus a power of attorney if the account administrator isn’t a beneficial owner holding more than 25% of the company. Having scans ready in PDF, JPG, or PNG format before you start avoids the most common cause of delayed verification: poor-quality document photos submitted in a rush.

3. Fund Your Account in Your Own Currency — Then Swap to Naira

You don’t need naira on hand to prepare, but it’s worth understanding the flow before you’re racing a closing window. Daba does not accept direct NGN deposits. Instead, you deposit in any other supported currency — USD, EUR, GBP, CAD, XOF, or XAF — and swap to naira inside the app when you’re ready to subscribe, since the offer itself is naira-denominated. The swap takes seconds and is executed at the rate provided by Daba’s FX partners at the time you convert. Funding your account ahead of time means your naira balance can be ready the moment you decide to subscribe, rather than waiting on a transfer and a swap during the window itself.

4. Confirm the Rules That Apply to You

Participation in a foreign securities offering can carry registration, tax, and reporting obligations specific to your own country of residence. These vary by jurisdiction and are your responsibility to understand — not something the platform or the issuer determines for you. If you’re unsure how the offer interacts with your local rules, this is worth checking with a qualified adviser before the window opens rather than after you’ve applied. Daba does not provide tax, legal, or investment advice.

5. Read the Listing Before You Subscribe

The Dangote Refinery IPO listing on Daba carries the full set of FAQs, disclosures, and offer documentation — not fine print for lawyers, but the material that tells you what you’re buying, on what terms, and what the risks are, including market risk, currency risk (your returns are earned in naira and converted back to your own currency), and allocation risk in the event of oversubscription. Reading it now, before the window opens, means you’re not skimming it under time pressure later. If anything is unclear, ask a qualified adviser before subscribing, not after.

6. Register Your Interest Early

Once your account is KYC-approved, complete the Dangote IPO interest form on the Daba platform. This isn’t a subscription application — it’s what triggers Daba to notify you the moment the official window opens, along with the prospectus-approved terms, minimum lot size, funding instructions, and application deadline, so you’re not searching for that information after the clock has already started. You can also follow live price, offer status, and verified updates on the Daba Dangote Refinery IPO Hub in the meantime.

What Happens Once You’re Set Up

With a verified account, funded balance, and interest registered, you’re positioned to act as soon as subscriptions open on Daba for your jurisdiction: fund your application, submit it through the platform, and wait for allotment once the offer closes on October 13. None of the preparation above commits you to invest — it simply removes the friction that otherwise costs people time during a four-week window shared with every other eligible investor.

Get Set Up Through Daba

Start at dabafinance.com/register and choose individual or business onboarding — both lead to the same access across stocks, bonds, managed funds, collections, and IPOs on the BRVM and NGX, with business accounts requiring a one-year Daba Pro subscription. Complete KYC (or KYB), fund your account in your preferred currency, and register your interest via the IPO form so you’re notified the moment subscriptions open. Eligible investors using Daba’s international Nigeria-market channel don’t need a Nigerian bank account, BVN, or personal CSCS account to take part — access is powered by Daba’s strategic partnership with Coronation Group, whose Coronation Merchant Bank and Coronation Securities are issuing houses on the Dangote Refinery IPO.

Two more things worth using while you get ready: Daba Pro, whose subscribers benefit from a 50% discount on fees along with higher instant withdrawal limits and other platform perks, and Daba’s referral program, currently offering $5 in investable cash for every friend who signs up with your code and invests $100 or more within their first week — a straightforward way to build up funds ahead of the window.

Nothing on this page constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation to invest in any security. Participation is available to eligible investors only and subject to applicable regulations, eligibility requirements, and the terms of the offer documentation. Daba does not guarantee allocation — allocation is determined by the issuer and its appointed parties under the terms of the SEC-Nigeria-approved prospectus, and in the event of oversubscription you may receive fewer shares than you subscribed for. Investing involves risk, including possible loss of principal, as well as currency risk on non-naira funds converted to subscribe. Daba does not provide tax, legal, or investment advice. Capital at risk.