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NasFon is a software technology company building reliable, scalable digital solutions for businesses and organizations.
This educational session is not sponsored by any company. It is presented by NasFon purely for the benefit of our community.
Learn the basics of Initial Public Offerings and how companies raise money by selling shares to the public.
Get the facts about Africa's largest refinery and its upcoming share sale on the Nigerian Exchange.
Learn the correct and legal ways to buy shares through licensed stockbrokers and approved platforms.
Understand the risks of investing and how to protect yourself from fraud and fake investment schemes.
An Initial Public Offering (IPO) is when a private company offers its shares to the public for the first time on a stock exchange.
This allows ordinary people to buy ownership stakes in the company — becoming shareholders.
The company decides to raise money by selling shares to the public instead of just private investors.
The Securities and Exchange Commission (SEC) reviews the company's documents and approves the IPO.
The company sets a price and a number of shares. Investors apply to buy during the offer period.
After the offer closes, shares are listed on the stock exchange. Investors can then buy and sell freely.
Companies need capital to expand, build new factories, pay off debt, or fund new projects. An IPO raises large amounts of money quickly.
With public funding, companies can invest in new products, hire more workers, and expand into new markets.
IPOs give ordinary Nigerians the chance to own shares in big companies. But they also carry risks — understanding how they work helps you make informed decisions.
Not every IPO is a good investment. Some succeed, some fail. Always do your own research before investing.
| Price Per Share | ₦525 ($0.40) — Fixed Price |
| Shares Offered | 4.1 billion ordinary shares |
| Minimum Purchase | 10 shares = ₦5,250 (~$4.00) |
| Offer Period | September 14 — October 13, 2026 |
| Exchange | Nigerian Exchange Limited (NGX) |
| Total Raise (If Fully Subscribed) | ~₦2.15 trillion (~$1.63 billion) |
| Lead Advisor | Vetiva Advisory Services Limited |
| SEC Status | Approved — September 4, 2026 |
A Central Securities Clearing System (CSCS) account is required to hold shares in Nigeria. You can open one through a licensed stockbroker or a bank that offers stockbroking services.
Only buy shares through a stockbroker registered with the Securities and Exchange Commission (SEC) and the NGX. Visit sec.gov.ng to verify licensed operators.
For the Dangote IPO: apply between September 14 and October 13, 2026 through your broker or approved online platforms. Minimum: 10 shares (₦5,250).
Payment is due in full when you apply — not in installments. Make sure you have the correct amount in your account before applying.
After the offer closes, shares are allocated to investors. Once listed on the NGX, you can buy or sell shares through your broker at market prices.
You can lose some or all of the money you invest. Stock prices can fall below what you paid — there is no guarantee of getting your money back.
Share prices change daily based on demand and supply. There is no guarantee shares will increase in value — they can go down as well as up.
Dividends are not guaranteed. Companies may reduce or stop paying dividends depending on their performance. You may receive nothing.
IPOs have no public price history. It's harder to predict how the share price will perform after listing compared to established companies.
IPOs often generate excitement. Be careful not to invest just because others are doing it — do your own research first.
Existing shareholders may be restricted from selling for a period after listing, which can affect share supply and price.
No legitimate investment guarantees profits. If someone promises guaranteed returns, it is almost certainly a scam.
Any scheme promising to double or triple your money fast is fraudulent. Real investments take time and carry risk.
Scammers create urgency: "Invest now or miss out!" Legitimate investments give you time to think and research.
Anyone not registered with SEC or NGX is operating illegally. Always verify before investing. Check sec.gov.ng.
Check SEC's website (sec.gov.ng) to confirm the company and stockbroker are licensed before investing.
Apply through licensed stockbrokers or the company's official website — never through WhatsApp groups, social media links, or unknown people.
No legitimate broker will ask for your CSCS PIN, bank PIN, or BVN password. Keep these secret at all times.
Insist on official receipts, contract notes, and documentation. Keep records of all transactions.
If you suspect fraud, report to SEC (sec.gov.ng) or the Nigeria Police. Help protect others from scams.
Just because a company is big doesn't mean its shares will always go up. All investments carry risk.
Read the official prospectus. Understand the company. Don't invest based on hype or rumors.
Buy shares only through SEC-licensed stockbrokers. Never send money to individuals or unverified platforms.
Never invest money you need for rent, food, school fees, or emergencies. The stock market is not a savings account.
Consult a licensed financial advisor or stockbroker before making any investment decision.
Thank you for attending this educational session. Remember: this is not investment advice. Always do your own research and consult licensed professionals.
Educational resources on investing
Consult a registered stockbroker
Report scams to SEC or police
DISCLAIMER: This presentation is for educational and informational purposes only. It does not constitute investment advice, a recommendation, or a guarantee of profit. All investments carry risk, including the potential loss of principal. Consult a licensed financial advisor before making any investment decisions. NasFon is not a registered investment advisor.