Keystone Bank has opened access to the Dangote Petroleum Refinery and Petrochemicals FZE public offer, following its appointment as one of the accredited financial institutions serving as a Receiving Agent for the landmark transaction.
The appointment gives qualifying investors, including individuals, entrepreneurs, professionals, businesses and institutional investors, an opportunity to subscribe for shares in the Dangote Refinery and become part-owners of one of Africa’s most significant industrial investments.
Under the terms of the offer, 4.1 billion ordinary shares are being offered at N525 per share, with a minimum subscription of 10 shares valued at N5,250. Investors may apply for additional shares in accordance with the conditions contained in the offer documents.
The subscription window opened on Monday, September 14, 2026, and is scheduled to close on October 13, 2026, subject to the provisions of the offer documentation.
Keystone Bank said both its existing customers and non-customers who qualify to participate can access the offer through its approved subscription channels.
Speaking on the appointment, Nnenna Anyim Okoro, Executive Director, Corporate Bank and South, Keystone Bank, described the Dangote Refinery Public Offer as an opportunity for Nigerians to own a stake in an asset expected to play a significant role in the country’s industrial and economic development.
“The Dangote Refinery Offer is more than an investment opportunity; it is an invitation for Nigerians to own a stake in an asset that is poised to contribute significantly to the nation’s industrial and economic future.
“As a Receiving Agent, Keystone Bank is proud to support this historic transaction by providing investors with a seamless, secure, and convenient subscription experience across our digital and physical channels.
“We believe that access to wealth-creation opportunities should be simple, inclusive, and available to all. Through this offer, retail and corporate investors alike have the opportunity to participate in a landmark enterprise, and we are committed to making that journey as straightforward as possible.”
Okoro urged prospective investors to use the Bank’s approved subscription channels and undertake appropriate due diligence before submitting their applications.
“As always, we encourage investors to undertake appropriate due diligence, carefully review the offer documentation, and make informed decisions consistent with their financial goals.
“We look forward to enabling wider participation in this significant milestone for Nigeria’s capital market and economic development,” she said.
Investors have also been advised to ensure that their personal and banking details, including their Bank Verification Number (BVN), are accurate and up to date before submitting their applications.
Customers and eligible investors can access the offer through Keystone Bank’s designated channels and follow the applicable subscription process and terms through the Bank’s official Dangote Refinery IPO page.
The Dangote Refinery Public Offer is regarded as a significant transaction for Nigeria’s capital market, with the structure designed to broaden ownership of the refinery and provide retail investors with a practical route to participate in the business.
The Bank is therefore inviting individuals, professionals, entrepreneurs, business owners, institutional investors and other eligible investors interested in the offer to subscribe through Keystone Bank.
However, prospective investors are advised to read the Prospectus and other offer documents carefully and seek appropriate professional advice where necessary before making an investment decision.
Keystone Bank further cautioned investors to subscribe only through approved channels and remain vigilant against fraudulent investment schemes.
Investors are warned never to disclose their PIN, password or OTP, or make payments into personal accounts in connection with the offer.
Keystone Bank Limited is a Nigerian commercial bank serving individuals, businesses and corporate customers through a network of more than 157 branches nationwide. Licensed by the Central Bank of Nigeria in 2011, the Bank provides retail, commercial and digital banking solutions, with a focus on innovation, financial inclusion and customer-centric services.