Ecobank opens channels for Dangote Refinery share offer

Ecobank says retail and institutional investors across Africa can subscribe to the Dangote Petroleum Refinery share offer through its digital and branch banking channels.

The bank said in a statement that customers and non-customers in Nigeria could subscribe through its mobile app, internet banking, website and any of its branches nationwide.

It said the offer, which opened on Sept. 14, would close on Oct. 13.

The bank said the shares were priced at ₦525 each, with a minimum subscription of 10 shares.

Ecobank said its pan-African network, spanning 33 African countries, alongside its international offices, was providing investors with access to the offer.

Austen Osokpor, Head, Marketing and Corporate Communications, Ecobank Nigeria, said the bank remained committed to connecting customers and the wider public with opportunities that supported wealth creation and broader participation in the capital market.

He said the bank’s digital platforms and branch network had been positioned to provide a convenient and accessible subscription experience for interested investors.

Ecobank advised prospective investors to carefully read the prospectus and seek professional advice where necessary before making investment decisions.

It said interested members of the public could visit any of its branches nationwide or subscribe through its digital channels.