Zenith Bank opens digital and branch channels for subscribing to Dangote Refinery shares

Nigerians at home and in the diaspora seeking to participate in the historic initial public offering of the Dangote Oil Refinery and Petrochemicals can conveniently sign up through Zenith Bank, a receiving bank for the historic transaction and a designated electronic application channel for the offering. Subscription is possible via the Zenith Bank website, Zenith mobile app, internet banking, USSD, corporate internet banking and any Zenith Bank branch nationwide.
Through all these channels, anchored by Zenith Bank’s network of 456 branches and 84 cash centres, investors enjoy a safe, fast and reliable route to the offer from anywhere in the world, at any time. Whether the application begins on a phone in London, on a laptop in Houston or at a Zenith bank counter in Lokoja, the process takes potential investors seamlessly through to completion of the application. Each subscription is linked to the investor’s Bank Verification Number, a seal of identity and security that accompanies each request from submission to assignment. It’s a service the Zenith way: both novice and experienced subscribers enjoy a simple and fully protected process, as well as the certainty that their contribution to the story is being processed through Zenith Bank.
Applications are expected to open on Monday, September 14, 2026 and run for 30 days, closing on Tuesday, October 13, 2026. According to the prospectus, the shares are offered at ₦525 each, with a minimum subscription of 10 shares, or ₦5,250. The offering aims to raise ₦2.15 trillion, the largest equity offering ever undertaken on the African continent, and the prospectus also provides that retail investors who subscribe and hold their shares may qualify for bonus shares under the Retail Investor Incentive Programme, subject to regulatory approvals.
Zenith Bank is ready to make participation simple for subscribers who choose to participate. Nigeria’s largest bank by Tier-1 capital, Zenith, has built a reputation for combining scale and innovation. This ability is now at the service of every investor in this offer. The Bank has a track record to prove this as its most recent public offering was executed primarily through digital channels, a demonstration of digital readiness built on a robust digital infrastructure. That infrastructure has since been further strengthened through a complete technology overhaul, allowing Zenith to serve its retail customers with the same excellence its corporate customers have long enjoyed; which is precisely the capacity required for an offer of this magnitude.
As part of a broader transaction, Quantum Zenith Capital & Investments Limited acts as a joint issuer, while Zenith Bank itself provides the secure and reliable channels through which applications are received and processed. Zenith Bank brings proven infrastructure and expertise to the largest equity offering in African history. It will leverage the combination of financial strength, digital excellence and customer dedication that has earned the Bank year after year recognition as one of Africa’s leading financial institutions, trusted by millions of customers and the companies and governments behind the continent’s largest transactions.
For over three decades, Zenith Bank has been the trusted gateway to Nigeria’s defining financial moments and its channels are open for the offering of Dangote Oil Refinery and Petrochemicals. Subscription occurs by opening or funding existing Zenith Bank accounts and paying using the bank’s electronic platforms before the offer closes on 13 October 2026.
Interested subscribers are informed that the details of the offer are provided in the prospectus and guided by current legislation. Where appropriate, they may seek independent professional advice on the offer.
Zenith Bank acts as the receiving bank and electronic application channel for this offer and always in your best interest.