NEWS
Dangote Refinery Shares: Nigerians Can Now Subscribe Through Moniepoint Agents 24/7
Nigerians interested in owning a stake in the Dangote Petroleum Refinery can now subscribe for shares through participating Moniepoint agents around the clock, in a move designed to take the company’s public offer closer to millions of potential retail investors.
The new channel expands access beyond conventional investment platforms by allowing prospective shareholders who rely heavily on agency banking services to participate in the offer through approved Moniepoint agents.
Under the arrangement, interested investors can visit participating Moniepoint agent locations at any time to complete their subscription for Dangote Petroleum Refinery shares through the approved process.
The shares are being offered at ₦525 per share, with a minimum subscription of 10 shares, putting the entry-level investment at ₦5,250.
Investors can also make multiple subscriptions during the offer period, allowing them to progressively increase the number of shares they seek to acquire.
The introduction of a 24-hour agency banking option is expected to further reduce practical barriers facing retail investors and broaden participation in Nigeria’s capital market.
Agency banking has grown into a major part of Nigeria’s financial ecosystem by bringing financial services closer to communities and individuals who may have limited access to traditional banking branches or conventional investment channels.
By leveraging the extensive network of participating Moniepoint agents, the Dangote Refinery share offer can potentially reach a wider cross-section of Nigerians across different locations and socioeconomic groups.
The initiative also supports the broader ownership objective of the public offer, giving Nigerians an opportunity to acquire an interest in one of the country’s largest industrial assets.
Prospective investors subscribing through participating Moniepoint agents are required to complete their transactions through the approved procedure and retain their transaction receipts as evidence of subscription.
Confirmation details of the subscription will also be sent to investors through SMS to their registered telephone numbers.
The company has advised prospective investors to study the offer Prospectus carefully for comprehensive information about the public offer, terms and conditions, and approved subscription channels.
Investors have also been encouraged to consult their stockbrokers or qualified financial advisers before committing funds to the offer.