Zenith Bank has opened digital and branch channels for Nigerians at home and abroad to subscribe to the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals, serving as a receiving bank and designated electronic application channel for the offer.
Subscription is available through the Zenith Bank website, mobile app, internet banking, USSD, corporate internet banking, and any of its branches nationwide.
Backed by a network of 456 branches and 84 cash centres, the bank says investors can access the offer securely from anywhere in the world at any time, whether applying from abroad or at a local branch. Every subscription is linked to the investor’s Bank Verification Number, which tracks the application from submission through to allotment.
Applications open Monday, September 14, 2026, and run for 30 days, closing Tuesday, October 13, 2026. According to the prospectus, shares are priced at ₦525 each, with a minimum subscription of 10 shares (₦5,250). The offer targets ₦2.15 trillion, making it the largest equity offering in African history. Retail investors who subscribe and hold their shares may also qualify for bonus shares under the Retail Investor Incentive Programme, subject to regulatory approval.
Zenith Bank, Nigeria’s largest bank by Tier-1 capital, said its most recent public offering was executed mainly through digital channels, and that its digital infrastructure has since been upgraded further to support retail participation at scale.
Quantum Zenith Capital & Investments Limited is among the joint issuing houses for the transaction, while Zenith Bank handles the receiving and processing of applications.
Subscription requires opening or funding a Zenith Bank account and completing payment via the bank’s electronic platforms before the offer closes on October 13, 2026. The bank noted that full offer details are contained in the prospectus and advised interested subscribers to seek independent professional advice where appropriate.
Author
