Dangote Refinery’s ₦2.15 trillion IPO gives Nigerian fintechs a customer-acquisition boost

When Dangote Petroleum Refinery opened Nigeria’s largest-ever public share offering on September 14, the immediate story was the size of the deal. The company is offering 4.1 billion new shares at ₦525 each, seeking to raise about ₦2.15 trillion, or roughly $1.6 billion. The minimum subscription is just 10 shares, putting the entry point at ₦5,250.