Nigeria: buying Dangote shares at the payment terminal on the street corner
Moniepoint is distributing the Dangote refinery’s IPO through its network of payment terminals, in all 774 local government areas of the country. Subscriptions start at 10 shares.
- Dangote refinery shares can also be subscribed at Moniepoint terminals, anywhere in Nigeria.
- From 10 shares (₦5,250), up to ₦100,000 per person through this channel.
- Subscription runs from 14 September to 13 October 2026.
The fintech Moniepoint lets people subscribe to the Dangote refinery’s initial public offering from its payment terminals, present in all 774 local government areas of Nigeria. Subscriptions through this channel are capped at ₦100,000 (about $75) per person.
The offer in figures
- 4.1 billion shares offered at ₦525 each.
- Target: ₦2.15 trillion, about $1.62 billion.
- Minimum: 10 shares, or ₦5,250 (about $4).
- Subscription period: 14 September to 13 October 2026.
- Stated ambition: 10 million retail investors.
Moniepoint claims more than a million terminals, out of the 5.9 million active in the country. Payment terminals processed 2.92 billion transactions in the first quarter of 2026. Moniepoint charges no processing fee, but the agent takes a commission of ₦100 to ₦200 per transaction.
The broker Vetiva is leading the offer; Chapel Hill and Renaissance Capital are taking part.
Spotted an error? Write to infos@novotech.blog. Corrections are flagged at the end of the article.
