How to Buy Dangote Refinery IPO Shares Online

The Dangote Petroleum Refinery is now the largest single-train refinery in the world, and this is the first time everyday Nigerians, including those in the diaspora, can own a stake in it. Paga is making that possible, whether or not you have a Paga account.

Here is a step-by-step guide to where to invest, what to prepare, allocation rules, and how to submit your application via invest.paga.com.

Where Can I Buy Dangote Refinery Shares?

You can buy Dangote Refinery IPO shares online through approved digital primary market gateways like Paga. Visit invest.paga.com to learn more. 

This online platform allows you to:

• Complete your application in minutes from any smartphone or computer.
• Fund your share purchase using Naira wallets, bank transfers, USD accounts, ACH, and domestic and international wires. 

How Much Do Dangote Refinery Shares Cost? (Minimum Purchase)

• Minimum Order: 10 Units
• Price Per Share: ₦525 

The exact total cost for the minimum 10-unit purchase will be displayed on your screen before you confirm payment at invest.paga.com.

How to Participate/Buy Dangote Refinery Shares through Paga

Via the Paga Invest Website

1. Visit https://invest.paga.com and click “Invest Now”
2. Make sure you read through the investment documents before ticking the consent box
3. Enter your name, email address, phone number, BVN, stockbroking details, and the Naira account details you have chosen as your dividend bank account.
4. Enter the number of shares you want to buy. The minimum is 10 shares, with no maximum, and shares must be purchased in multiples of 10 (e.g., 10, 20, 30, 40).
5. Select your preferred payment method and complete your payment. You can pay via:
   1. Paga NG or Paga US account
   2. Nigerian bank transfer 
   3. US ACH/Domestic Wire
   4. International Wire/SWIFT
6. You will receive a confirmation email and a downloadable receipt after payment is successful.

You do not need to own a Paga account to buy shares through Paga. Anyone with a BVN can participate via the Paga Invest Website.

Via the Paga App

1. If you have the Paga app, click on the Dangote Refinery IPO banner on your dashboard and tap ‘Invest Now’
2. Make sure you read through the investment documents before ticking the consent box.
3. Enter your name, email address, phone number, BVN, stockbroking details, and the Naira account details you have chosen as your dividend bank account.
4. Enter the number of shares you want to buy. The minimum is 10 shares, with no maximum, and you must purchase shares in multiples of 10 (e.g., 10, 20, 30, 40).
5. Select your preferred payment method and complete your payment. You can pay via:
   1. Paga NG or Paga US account (Zero fees apply)
   2. Nigerian bank transfer (Zero fees apply)
   3. US ACH/Domestic Wire (Fees apply)
   4. International Wire/SWIFT (Fees apply)
6. You will receive a confirmation email and a downloadable receipt after a successful payment.

What do I need to buy Dangote Refinery Shares?

Under SEC and CBN regulations, every investor must have a valid Bank Verification Number (BVN).

You also need a bank account; these account details will be used to pay out your future dividends.

Your stockbroking details (to hold electronic shares safely on the NGX, you need a Central Securities Clearing System (CSCS) account and a Clearing House Number (CHN).

Do I need a Stockbroking Account to Buy Dangote Shares?

You don’t need to have a stockbroking account before you start your application on Paga. If you already have one, you can provide your CHN or CSCS account details during the application process. Your shares will be credited to your existing stockbroking account.

If you don’t have a stockbroking account, simply indicate this during your application. Paga will create one for you automatically through our licensed stockbroker partner, so you can continue your application process seamlessly.

How do I get my BVN as a Nigerian living abroad?

(Nigerians in the diaspora without a valid BVN can register for one via the NIBSS Non-Resident BVN portal before applying).

Can You Buy Dangote Refinery  IPO Shares from the USA, UK, or Abroad?

Yes. Non-resident Nigerians do not need a local Nigerian bank account to participate. Through invest.paga.com, diaspora investors can pay using:

• Pay with their Paga U.S. account
• U.S. ACH/Domestic Wire
• International Wire/SWIFT.

For ACH, Domestic Wire, and SWIFT transfers: your shares will be purchased at the exchange rate on the day your payment clears.

Investing involves risk. Share prices can fall and dividends are not guaranteed. Ensure you read the approved prospectus and offer terms before applying.