NSE extends Dangote Refinery investment deadline for Kenyans to October 27

NSE extends Dangote Refinery investment deadline for Kenyans to October 27 - Nigerian billionaire Aliko Dangote. The NSE has extended the Dangote Refinery investment deadline to October 27, giving Kenyans 14 more days to buy into the offer with as little as Sh535. (Photo: X/NSE PLC)

The NSE has extended the Dangote Refinery GDR offer deadline to October 27, giving Kenyans more time to invest with a minimum subscription of Sh535.

The Nairobi Securities Exchange (NSE) has given Kenyan investors an extra 14 days to invest in Dangote Petroleum Refinery’s Global Depository Receipts (GDR) offer, extending the application deadline to October 27, 2026.

In an update issued on Sunday, October 18, the exchange said the extension would give eligible investors more time to complete their applications under the Dangote Kenya Inward GDR offer.

“The offer period for the Dangote Kenya Inward Global Depository Receipts (GDR) Offer has been extended, providing eligible investors with additional time to participate in this investment opportunity,” the NSE stated.

The original deadline was October 13, 2026, but the exchange extended the offer period by 14 days, moving the closing date to October 27.

The offer allows Kenyan investors to gain exposure to securities linked to Dangote Petroleum Refinery in Nigeria through GDRs available on the local market.

The minimum investment is Sh535, with each GDR priced at Sh53.50. Investors can subscribe to as few as 10 GDRs, down from the initial minimum requirement of 2,000 GDRs.

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The reduction significantly lowers the entry cost, potentially opening up the investment opportunity to a wider pool of retail investors.

“For as little as Sh535, Kenyan investors can participate in the Dangote Refinery Nigeria IPO through the Kenya GDR Offer on the NSE,” the exchange stated.

Eligible investors can submit applications through the designated online portal at dangotegdr.e-offer.app or by dialling *483250#.

Applicants must have a valid Central Depository and Settlement Corporation (CDSC) account and make full payment in Kenyan shillings through approved channels, including M-Pesa and electronic funds transfer.

GDRs allow investors to access securities linked to companies in foreign markets through investment instruments offered in their local markets.

The NSE has urged prospective investors to carefully review the offer prospectus to understand the investment terms, eligibility requirements and associated risks before applying.

The application period is scheduled to close on October 27, 2026, subject to the offer’s terms and conditions.