The Dangote Refinery IPO is live at ₦525 a share, and from September 14 to October 13, 2026, you can join this historic investment via the Piggyvest app with as little as ₦5,250.
You can buy Dangote Refinery shares on Piggyvest in a few taps: open the app, tap “Invest,” select the Dangote Refinery IPO, choose your units, and confirm with your PIN or biometrics. You’ll also need a CSCS number, which Piggyvest can set up for you in the app.
In this article, we’ll walk through the full buy flow step by step, show you how to get or link your CSCS number and CHN, and cover what to know before you invest in the Dangote Refinery IPO.
What is the Dangote Refinery IPO?
The Dangote Refinery IPO is the first chance for the public to own part of the Dangote Petroleum Refinery, the plant in the Lekki Free Trade Zone that turns crude oil into petrol, diesel, jet fuel, and other petrochemicals. An initial public offering (IPO) is simply the moment a private company first sells its shares to everyday investors.
Buy in, and you become a part-owner (a shareholder) of the business. During the offer, though, you’re really applying for shares: you pay upfront, and exactly how many units you get is decided after the offer closes (more on that below).
The company is selling 4.1 billion new shares at ₦525 each to raise around ₦2.15 trillion, and those shares will list on the main board of the Nigerian Exchange (the NGX), where shares in companies like MTN and GTCO already trade.
Ahead of the sale, the refinery has been valued at between ₦77.7 trillion and ₦82.6 trillion, with the offer representing about 3.3% of the enlarged company. The offer runs from September 14 to October 13, 2026, and you apply for it directly in the Piggyvest app, one of the channels approved for the sale.
For the fuller picture (the numbers, the risks, and how the refinery makes money), read our full explainer on the Dangote Refinery IPO.
How to buy Dangote Refinery shares on Piggyvest
Buying in takes a few minutes, as long as your Flex Naira wallet is funded — the Piggyvest app charges your order straight from it. You’ll also need a CSCS (or Central Securities Clearing System) account for the shares to land in your name; if you don’t have one yet, Piggyvest can create one for you (the next section covers that, including how long it takes).
With money in your wallet, here’s the full breakdown of how to buy Dangote Refinery shares on Piggyvest:
- Open the Piggyvest app and tap “Invest.” You’ll find this at the bottom of the screen.
- Under “Trending investments,” select “Dangote Refinery IPO.” You can tap through to the offer page first to read the details, the price (₦525 a unit) and the closing date.
- Tap “Subscribe” and enter the number of units you want to buy. The minimum is ten units, and you buy in multiples of ten after that. As you type, the app shows the naira you’ll need (buying ten units comes to ₦5,250). Tap “Preview.”
- Check the summary. You’ll see a breakdown of the amount to pay, the number of units, the price per unit and the offer close date. Turn on both toggles to confirm you understand the risks, then tap “Subscribe.”
- Confirm the purchase with your transaction PIN. You can also use b biometrics like Face ID.
- Wait a few seconds while the app processes it. You’ll see a “Purchase complete” message showing the units you bought. Tap “Done.”
And that’s it — your application is in.
Here’s the key thing to understand: subscribing is an application, not an instant purchase. Your commitment now shows in the Invest tab under “Active,” with the amount you’ve paid and the October 13 close date.
After the offer closes, the shares are shared out (a step called allotment). If the offer is oversubscribed (more people apply than there are shares), you may be allotted fewer units than you applied for, and the balance is refunded to you.
The offer returns any surplus money within five business days. Your allotted units are then credited to your CSCS account (no later than 15 business days after allotment), and you can trade them once the refinery lists on the NGX.
How to get (or link) your CSCS number on Piggyvest
Every share traded on the Nigerian Exchange is held electronically in a central register that records who owns what (the Central Securities Clearing System, or CSCS). Your Dangote Refinery shares have to sit in a CSCS account in your name, which also carries a lifetime investor ID you keep across every broker (your Clearing House Number, or CHN).
If you’ve never invested in Nigerian stocks before, you probably don’t have one yet, but Piggyvest can sort it out in minutes.
Here’s how to get a CSCS number on Piggyvest:
- On the Invest tab and tap the “Get Your CSCS” banner. You may also see this banner on the “Home” or “Account” tabs.
- Fill in the details the form asks for — mainly your personal information and other KYC details. Piggyvest uses these to open your account.
- Submit the form and wait for your CSCS number. Filling in the form takes a few minutes, but the number itself may take about three working days if this is your first time (a brand-new CSCS account and CHN). Once it’s ready, it’s linked to your Piggyvest profile, and you can buy shares.
Already invest in stocks elsewhere? Then you most likely already have a CSCS number, and you can use it on Piggyvest.
Go through the same “Get Your CSCS” flow above, and at the final prompt, tell Piggyvest you already have a CSCS account. We then look up any accounts linked to your BVN (even if you have more than one), and you simply pick the one you want to use.
Your Dangote Refinery shares are added to that existing account, so everything stays in one place.
With your CSCS account ready (new or linked), your shares from this offer have a home, and any other shares you buy in Nigeria later will settle in the same place.
What to know before you invest in the Dangote Refinery IPO
Buying shares isn’t the same as saving. The “10 to 35% per annum” you see at the top of the Invest tab is Investify’s general range across all its opportunities, not a promised return on this IPO — a share doesn’t pay fixed interest.
As a part-owner of Dangote, you can make money via dividends and by selling when the stocks go up, but you need to keep a few things in mind before you commit:
- You might not get every unit you pay for. Because you’re applying for shares, an oversubscribed offer can leave you with fewer units than you asked for. The unallotted balance is refunded, so any money not matched with shares comes back.
- The price can fall, not just rise. You’re buying at ₦525 a share. Once the refinery lists on the NGX, that price can climb or drop with the market, and it can trade below what you paid. Only the price you eventually sell at decides your profit or loss.
- Dividends aren’t guaranteed. Shareholders can also earn a share of the company’s profit (a dividend), but a company only pays one if it chooses to. Treat payouts as a possibility, not a promise.
- Your money is tied up for a while. You can’t cash out during the offer, and even after the shares list, selling them takes a broker and settles over a day or two. Invest money you won’t need in a hurry.
None of this makes the IPO a bad idea. It just means it belongs with the part of your money set aside for long-term, higher-risk bets, not your rent or emergency fund. If you’re not sure where you sit on that scale, our guide to your investment risk profile is worth ten minutes, and short-term cash is safer in a fixed option like SafeLock.
Conclusion
The Dangote Refinery IPO puts part-ownership of one of Nigeria’s biggest companies within reach of an ordinary savings-app balance. On Piggyvest, the path is short: fund your Flex Naira wallet, open or link your CSCS account, then apply for your units in the Invest tab before the offer closes on October 13, 2026.
Put in money you can leave invested, and go in clear-eyed: the share price can rise, and it can just as easily fall. Ready to own a piece? Download the Piggyvest app and tap the Invest tab to get started.
