Stanbic IBTC plays key role in landmark Dangote Refinery IPO

Stanbic IBTC Holdings PLC has reinforced its leadership in Nigeria’s capital markets through a pivotal role in the Initial Public Offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE—widely regarded as one of the most significant equity capital market transactions in the country’s history.

Leveraging its integrated financial services platform, the Group is participating in the transaction through multiple subsidiaries, bringing together advisory, execution, distribution and investor access under one roof. Stanbic IBTC’s roles in the offer include:

• Joint Lead Issuing House
• Joint Stockbroker
• Receiving Bank

This offering marks a major milestone for Nigeria’s capital market, opening an avenue for a broad base of investors to participate in the growth of one of Africa’s largest integrated refining and petrochemicals businesses.

A milestone for investors and the market

Senior executives emphasized the IPO’s significance for market development and industrial growth. Stanbic IBTC Bank’s leadership described the transaction as a landmark that reflects the growing depth and sophistication of Nigeria’s capital market. They underscored the bank’s commitment to facilitating investor participation through secure, seamless and accessible channels—supporting an offering that is expected to contribute to economic growth and industrial development.

From Dangote Group’s perspective, the IPO represents a defining step in the evolution of the refinery and a strategic move to broaden ownership of a critical industrial asset. The offer is designed to bring on board a wider community of investors who can share in the refinery’s future growth, value creation and its role in enhancing Africa’s energy security.

Leadership at Dangote Petroleum Refinery & Petrochemicals highlighted the refinery’s transformative impact on Nigeria’s energy landscape and its support for industrial activity across the value chain. They noted that the IPO provides an opportunity for investors to participate in the next phase of the refinery’s journey as it scales capacity and pursues long-term value creation.

Stanbic IBTC Capital Limited affirmed that serving as Joint Lead Issuing House on a transaction of this scale showcases the firm’s experience in structuring and executing complex capital market deals. The team reiterated its focus on helping businesses unlock value and access long-term growth capital in line with global best practices.

Stanbic IBTC Stockbrokers Limited emphasized its ongoing commitment to deepening market participation by giving investors efficient, reliable access to high-quality opportunities. Through strong stockbroking expertise and digital capabilities, the firm aims to make investing in landmark offerings more straightforward for both institutional and retail investors.

Integrated capabilities, seamless execution

Stanbic IBTC’s involvement underscores the strength of its integrated financial services model. By combining investment banking, commercial banking and stockbroking capabilities, the Group delivers end-to-end solutions that simplify complex transactions for issuers while enhancing access and execution quality for investors.

With a longstanding track record in advising on and executing many of Nigeria’s notable capital market transactions, Stanbic IBTC continues to connect businesses to capital, facilitate wealth creation and support sustainable economic growth. The Dangote Refinery IPO further cements the Group’s role as a trusted partner in mobilizing capital for transformative projects that shape the country’s economic future.