Moniepoint sells Dangote shares via PoS terminals

Moniepoint is testing share sales for Dangote Refinery's IPO through its network of over 1 million PoS terminals across Nigeria. The ₦2.15 trillion ($1.62 billion) offering opened September 14 and closes October 13, 2026, targeting 10 million retail investors.

• Dangote IPO: 4.1 billion shares at ₦525, targeting ₦2.15 trillion ($1.62 billion)
• Minimum subscription is 10 shares, or ₦5,250 ($3.95)
• Nigeria has 5.9 million active PoS terminals; Moniepoint operates over 1 million
• The country currently has about 2.7 million retail investors