AVA Securities Limited · SEC-registered broker-dealer
Nigeria refines its own crude. Now Nigerians can own the refinery.
Register with AVA today and be positioned to subscribe to the Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) offer from the day it opens.
- ₦525 per share
- 4.1bn shares on offer
- ₦5,250 minimum
Price, dates and share count shown here are drawn from publicly available information. Final terms are confirmed only in the official prospectus filed with the Securities and Exchange Commission of Nigeria.
Work out your subscription
Enter a budget or a number of shares. Shares are sold in lots of 10, with a minimum of 10 shares.
- Shares
- 90
- Total cost at ₦525
- ₦47,250
- Left over from your budget
- ₦2,750
Your budget does not divide evenly into lots of 10 shares, so the figure has been rounded down.
This is an estimate only. Allocation is not guaranteed. If the offer is oversubscribed, meaning investors apply for more shares than are available, applications are scaled back and surplus funds are refunded. Final terms are governed by the official prospectus.
Get ready in three steps
Tick each step as you complete it. Nothing here is stored. It is a checklist for you.
0 of 3 ready
- Step 1
Download the AVA app or register online. Your brokerage account and your CSCS account, the central register that records share ownership in Nigeria, are created for you.
Start onboarding - Step 2
Know Your Customer checks: your BVN, a valid photo ID and your bank details are verified before you can trade.
See what you need - Step 3
Have the money in place before the window opens. Where an offer is oversubscribed, early and complete applications matter.
Funding options
Register your interest
Registering is free and does not commit you to subscribing.
About the offer
For decades Nigeria exported crude oil and imported refined fuel. The Dangote refinery changes that balance, and this offer is the first time the public is invited to hold a stake in it. Proceeds are earmarked for expanding capacity, and the shares are intended to list on the Main Board of the Nigerian Exchange, where they can be bought and sold after listing.
AVA Securities Limited acts as a distribution channel. We are a broker-dealer registered with the Securities and Exchange Commission: we receive your application, handle settlement and the CSCS record of your holding, and pass your subscription to the issuing house. We do not set the terms of the offer, and nothing on this page is investment advice.
- Issuer
- Dangote Petroleum Refinery & Petrochemicals FZE (DPRP)
- Offer price
- ₦525 per share (fixed)
- Shares on offer
- 4,100,000,000 ordinary shares
- Gross proceeds
- Approximately ₦2.15 trillion
- Minimum retail subscription
- 10 shares, and multiples of 10 thereafter
- Offer period
- 14 September – 13 October 2026
- Listing venue
- Nigerian Exchange (NGX), Main Board
- Use of proceeds
- Expansion of refining capacity from 700,000 bpd toward 1.4 million bpd
Summary of publicly available information. Final terms are confirmed only in the official prospectus filed with the SEC of Nigeria.
Why subscribe through AVA
SEC-regulated
Four licensed subsidiaries operating under the Securities and Exchange Commission of Nigeria.
₦1.2 trillion+
Aggregate deal value advised and executed across the group.
5,000+ clients
Individuals and institutions served across brokerage, asset management and advisory.
NGX-listed, NDPR-audited
Listed on the Nigerian Exchange, with data practices audited under the NDPR.
AVA Securities handles brokerage, your CSCS account and settlement end to end, so you deal with one firm from application through to listing.
Questions, answered plainly
Risk disclosure
All investments carry risk, including the loss of some or all of the money you invest. Share prices can fall as well as rise, and past performance is not a guide to future results.
This page summarises publicly available information about the offer. It is not an offer to sell, a solicitation, or investment advice, and no return or allocation is promised.
The final terms of the offer are governed solely by the official prospectus filed with the Securities and Exchange Commission of Nigeria. Read the prospectus in full before subscribing.