Zedcrest Securities has been appointed as a Joint Stockbroker on the proposed Initial Public Offering (IPO) of Dangote Refinery, one of the most anticipated transactions in Nigeria’s capital markets history.

The appointment places Zedcrest Securities among the market operators selected to support the execution of the refinery’s planned listing on the Nigerian Exchange (NGX), a transaction widely expected to attract significant domestic and international investor interest while further deepening Nigeria’s capital market.
The Dangote Refinery, regarded as the largest single-train refinery in the world, has continued to attract widespread attention from investors and market participants following indications that the company plans to list a portion of its shares on the Nigerian Exchange.

For Zedcrest Securities, the appointment marks another significant milestone in its evolution as a growing force within Nigeria’s capital markets ecosystem and reinforces its position as a trusted partner for institutional and large-scale market transactions.
The development comes less than two years after Zedcrest Group completed the acquisition of RMB Nigeria Stockbrokers, a member of Rand Merchant Bank, the Corporate and Investment Banking arm of FirstRand Group.

Following the acquisition, the business was rebranded as Zedcrest Securities as part of the Group’s broader strategy to strengthen its capital markets franchise and expand its offerings across the securities and investment banking value chain.
The transaction also formed part of a broader growth strategy that has seen the Group expand its offerings across Asset Management, Investment Banking, Securities, and Financing while strengthening leadership across its core businesses.

Over the years, Zedcrest has built a strong reputation in Nigeria’s fixed income and securities markets, serving a broad base of institutional investors, corporates, asset managers, pension funds, and foreign investors.
The Group has also continued to expand its capabilities across capital markets, advisory, and investment solutions, positioning itself as a comprehensive financial services provider.

Market participants view the firm’s appointment on the Dangote Refinery IPO as reflective of its growing relevance in the execution of strategic transactions within the Nigerian capital market.
The proposed listing is expected to rank among the largest equity capital market transactions in Nigeria’s history and is anticipated to broaden investment opportunities for local and international investors while further enhancing the depth, liquidity, and attractiveness of the Nigerian Stock Exchange.