How Nigerians Can Invest in the Dangote IPO
As a Nigerian investor, you have the most direct access to the Dangote IPO. The listing on the Nigerian Exchange Group (NGX) means you can subscribe in Naira with no currency conversion. Here’s everything you need to know.
Why Nigerian Investors Have an Advantage
No Currency Risk
Subscribe and receive shares in NGN — no forex exposure.
Retail Tranche
NGX rules mandate a dedicated retail allocation. Nigerian retail investors are prioritised.
Strategic Asset
Own a stake in the refinery supplying Nigeria's 220M population.
Step-by-Step: How to Subscribe
Open a Mystocks Africa account
Sign up with your email. Verified Nigerian accounts can trade directly on the NGX via Mystocks.
Complete KYC with your NIN or BVN
Upload your National ID (NIN), BVN, and proof of address. Mystocks integrates with Nigerian identity verification systems.
Link or get your CSCS number
The Central Securities Clearing System (CSCS) account is required for all NGX transactions. Mystocks helps you get one if you don't already have it.
Fund in Naira (NGN)
Deposit NGN directly via bank transfer, USSD, or card. Your funds are held in a regulated account until allocation.
Subscribe when IPO opens
Enter the number of shares you want. Payment is debited immediately. Unallocated funds are refunded after the allotment process.
What You Need (Checklist)
Valid National ID (NIN) or International Passport
Bank Verification Number (BVN)
Proof of address (utility bill or bank statement)
CSCS Clearing Number (or let Mystocks create one)
Active Nigerian bank account (for Naira funding)
Email address for IPO alerts and confirmations