Founder and CEO of Flutterwave, Olugbenga Agboola has told Nigerians that the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, is an opportunity to own a stake in a significant infrastructure.

He said this during the unveiling of Flutterwave as that offers seemless digital participation in the IPO.

The Africa’s leading payments technology company, is enabling Nigerians at home and abroad to participate in the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, providing digital payment infrastructure for retail and diaspora investors to fund their share subscriptions.

Flutterwave’s role in facilitating access to the Dangote IPO builds on its experience supporting public offerings in Nigeria, including facilitating payments for MTN Nigeria’s public offering in 2021. The experience highlights Flutterwave’s role in using digital payment infrastructure to make participation in public offerings more accessible to investors.

The Dangote IPO allows investors to purchase shares in Dangote Petroleum Refinery and Petrochemicals. With a refining capacity of 650,000 barrels per day, the Dangote Refinery is the world’s largest single-train refinery. The refinery is part of ongoing efforts to expand domestic refining capacity and reduce reliance on imported petroleum products, while offering investors an opportunity to participate in the offer.

Through Flutterwave’s payments infrastructure, investors can digitally fund their share subscriptions through Chapel Hill Denham’s subscription platform while also providing a seamless payment experience through familiar digital channels. Investors can also subscribe for shares on behalf of minors, allowing parents and guardians to invest for their children.

Investors without an existing bank account will also be provided with a Flutterwave Microfinance Bank (MFB) account to fund their share subscriptions, further expanding access to the offering.

The process is designed to be straightforward: investors access the offering, select the number of shares they wish to subscribe for, and complete payment in Nigerian Naira through Flutterwave. Their subscription is then processed through Chapel Hill Denham, with shares allotted to successful investors registered in their own name with the Central Securities Clearing System (CSCS).

Speaking, Founder and CEO of Flutterwave, Olugbenga Agboola, said: “This IPO is an opportunity for everyday Nigerians to own a stake in a significant infrastructure project that is shaping the country’s industrial future. Our role is to make participation as accessible and seamless as possible, regardless of where an investor is located or which payment channel they prefer. We’re helping make it easier for more Nigerians to participate in an important moment for the country’s capital markets.”

This reflects the growing role of digital payments in making Nigeria’s capital markets more accessible to retail investors. As more investment opportunities become available to everyday Nigerians, Flutterwave is helping make participation easier through simple and secure digital payment experiences, enabling more people to invest in the growth of the country’s economy.

“Flutterwave acts solely as a Receiving agent for the Dangote Refinery Initial Public Offering, in partnership with SEC-licensed stockbrokers. Flutterwave does not provide investment advice, stockbroking services, or hold investors’ shares. Investing in shares involves risk. Share values may rise or fall, and investors may lose some or all of their investment. Past performance does not guarantee future return.”