On September 14, 2026, the Dangote Refinery, the largest single-train refinery in Africa owned by the continent’s richest man, Aliko Dangote, will go public at ₦525 per share.
The initial public offering (IPO) will be open to investors until October 13, 2026, and has drawn widespread enthusiasm from Nigerians, but one of the most important questions many are asking is where to buy the refinery shares when it goes public.
Nigerian fintechs have, over the years, provided access to a growing range of investment instruments, from treasury bills to commercial papers and stocks. Now, many are lining up to provide access to the IPO.
In this article, we outline some of the fintechs that are set to host the Dangote Refinery IPO.
What to do before the IPO window opens
The Dangote Refinery IPO is possibly the most anticipated public listing in Africa in recent history. That means thousands of retail and institutional investors are waiting to get their hands on the shares.
With only about 10% of the refinery being listed, there is a limit to the opportunity available to investors. Consequently, interested investors must prepare to take advantage of the offer ahead of the opening window. Here’s what you need to do before the window opens.
Do your own research
It is not enough that the Dangote Refinery IPO is highly anticipated. Individual investors must understand the potential upsides, the costs involved, and any potential disadvantages of getting in on the IPO. A prospectus has been released, and it is important that you read it to understand the implications of investing in the company.
Several investors and investment platforms have published guides on what to expect from the IPO and will continue to do so ahead of the opening window. Interested investors can use these resources to better understand the offer before committing their money.
Decide what platform to use
The IPO is expected to stay open for approximately one month before it closes. Therefore, interested investors must act swiftly if they want to secure an allocation.
Ahead of the window opening, research which platforms will make the IPO available and set up an account with your preferred platform. Completing the registration and verification process beforehand can save you valuable time once the offer opens.
Confirm the requirements for your preferred platform
The requirements for most fintech platforms are likely to be similar, but you should confirm exactly what your preferred platform requires.
Any documentation or verification steps needed to participate in the IPO should be completed ahead of the opening date. Customer support teams are likely to be busy during the IPO window, and you do not want to be asking which documents you need while other investors are trying to get their payments through.
Fund your account
Ideally, you should have decided how much exposure you want to have to the IPO before the window opens. Once that is done, you can fund your account with the amount you intend to invest.
With the volumes expected during the IPO and the scale of Nigeria’s payment industry, payment systems may come under significant pressure during the offer period. Having the funds available ahead of time could help you avoid unnecessary delays when you are ready to invest.
Fintechs offering the Dangote refinery IPO
Sycamore
Sycamore is one of the platforms where Nigerians can invest in the Dangote Refinery IPO. The fintech offers access to a range of financial products, including commercial papers and other investment opportunities, through its digital platform.
SIML, the asset management arm of Sycamore, is licensed by the SEC for fund and portfolio management, and the FCCPC approves lending operations. In practical terms, that means your money runs through a regulated channel with real client-protection safeguards attached, not a workaround.
Convenience is another reason to opt for Sycamore. If you already use Sycamore, you will need to set up and verify your trading account. The Sycamore wallet holds Naira, USD, GBP, and EUR side by side and you can fund the Naira portion of your subscription directly, without first moving money through your bank.
GetEquity
GetEquity is an investment platform that gives investors access to a range of investment opportunities, including fixed-income products, private investments, and other alternative assets. The platform is built to make investing more accessible through a simple digital experience.
For investors interested in the Dangote Refinery IPO, GetEquity will provide access to the offer through its digital platform when the subscription window opens. Investors will be able to review the offer details, complete the required verification, and submit their subscription directly through GetEquity.
One of the key differences is that investors do not need to have a personal CSCS account to participate through GetEquity. GetEquity will use a nominee structure, meaning the shares are held through the nominee on behalf of the investor. This also allows eligible non-Nigerian investors to participate without having to set up a Nigerian CSCS account.
Ahead of the IPO opening, investors should ensure their GetEquity account is fully verified and their account details are up to date. Once the offer goes live, investors can follow the instructions on the platform to complete their subscription and track updates.
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Hisa
Hisa provides access to stocks and other investment opportunities, allowing investors to explore global stocks and follow market opportunities without going through traditional investment processes.
It became part of the Risevest ecosystem in 2024, connecting it with a wider investment network that operates across Nigeria and Kenya.
For investors interested in the Dangote Refinery IPO, Hisa provides access through its wider investment system when the opportunity is available. You will be able to review information about the offer, check the requirements, and purchase shares in-app.
Ahead of the window being opened, you will need to make sure your account details are complete and your verification process has been completed. This helps ensure that your investment information is properly recorded.
Once that is set up, you can follow the instructions provided on Hisa to complete your purchase and track updates.
Bamboo
Bamboo is a major player in Nigeria’s stock market today, leading the push to bring younger Nigerians into the exchange.
Founded in 2019, Bamboo has helped Nigerians participate in stock investing by allowing them to buy and trade Nigerian and foreign stocks through its platform. The fintech has become popular among younger investors because it simplifies access to investment opportunities that were previously difficult to reach.
The fintech will provide access to the Dangote Refinery IPO, with you able to purchase shares through the app. Bamboo supports Nigerian stock investing through licensed brokerage partners.
Before subscribing for the Dangote Refinery shares, you will need to have a verified Bamboo account and complete the required investment information. If you already use the platform, you should ensure your account details are updated before the IPO subscription window opens.
Moniepoint
Moniepoint is a major Nigerian fintech providing digital financial services to businesses and individuals. Its offerings include business banking, payments, expense management and credit, supported by a large network of businesses and agents across the country.
For investors interested in the Dangote IPO, Moniepoint provides a digital route to access the offer and complete the subscription process. Users can check the platform for the available offer details and follow the instructions to place their subscription.
Paga
Paga is a Nigerian fintech focused on digital payments and financial services. Its platform allows individuals and businesses to send and receive money, pay bills and access other financial products through digital channels and its agent network. As one of the official subscription channels for the Dangote IPO, investors can use Paga to access the offer and complete their subscription.
Payaza
Payaza is a fintech focused on cross-border payments and financial infrastructure, helping individuals and businesses send and receive money across different markets. The company has expanded its services around international payments, making it particularly relevant to customers with cross-border financial needs.
Investors can also use Payaza to participate in the Dangote IPO by accessing the offer through the platform and following the subscription process, including any requirements around eligibility, payment and minimum investment.
Trove Finance
Trove Finance provides Nigerians with access to both local and foreign stocks and has been doing so for eight years.
The fintech will be hosting the Dangote Refinery IPO, with you able to buy and trade the stock on the app. Trove is able to do this through a CSCS account powered by Innova Securities.
According to the startup, you will be able to view the IPO closer to the IPO date by migrating to the IPO section of the platform.
If you already have a Trove account, you will need to make sure your investment profile is complete before the offer opens. New users will first need to create an account and complete the required verification process before they can participate.
Cowrywise
Cowrywise is famous for helping Nigerians save and invest, having launched in 2017. In 2025, the fintech added stock investing, further democratising access to the Nigerian stock market.
To take part through Cowrywise, you will need to have an active account and complete your verification details before submitting an application. Once the IPO becomes available, you can access the offer through the investment section, choose the number of shares you want, and complete your purchase.
PiggyVest
PiggyVest is one of Nigeria’s most popular digital savings and investment platforms. The fintech became popular by helping Nigerians save money digitally through products designed to encourage better financial habits.
Over the years, it has expanded beyond savings to offer vetted investment options for people looking to grow their money. PiggyVest has previously indicated it will provide access to the IPO to its users and is also listed on the official IPO page by the Dangote Group.
Flutterwave
Flutterwave is one of the fintechs listed on the Dangote IPO page as an approved subscription channel for investors. The payments company, which provides payment infrastructure for businesses across Africa, has expanded beyond its core payments business in recent years.
It recently acquired a microfinance banking licence, allowing it to broaden its financial services and potentially offer lending products to its growing customer base.
Frequently asked questions
How can I buy Dangote refinery shares?
You can buy Dangote refinery shares using the mobile or desktop application of your preferred fintech or investment platform if the platform is participating in the IPO.
What is the minimum amount I need to invest in the Dangote Refinery IPO?
The minimum amount you will need to invest will depend on the platform you choose and the terms of the IPO. However, many Nigerian fintechs allow users to invest in stocks with relatively low minimum amounts, sometimes starting from ₦10,000.
Which fintech apps can I use to buy Dangote refinery shares?
Some of the fintech apps offering the refinery shares include Sycamore, Hisa, Bamboo, and Cowrywise.
When will the Dangote refinery IPO open and close?
The IPO is expected to open on the 14th of September and close on the 13th of October.
