Solana Stablecoins Open Access to Dangote Refinery IPO

  • NectarFi launched Solana stablecoin access to Dangote Petroleum Refinery’s IPO.
  • The 4.1 billion-share offer targets $1.63 billion at ₦525 per share.
  • Subscriptions run from September 14 through October 13, 2026.

Dangote Petroleum Refinery opened its initial public offering on September 14, 2026, with NectarFi enabling investors holding Solana-based stablecoins to subscribe through GetEquity’s capital-markets infrastructure. The offer is priced at ₦525 per share and covers 4.1 billion shares, implying an enterprise value of approximately $49 billion and a target raise of $1.63 billion. NectarFi’s minimum subscription is ₦10,000, while investors using approved Nigerian banks, mobile operators and fintech platforms can buy at least 10 shares for ₦5,250. The offering runs through October 13, with trading expected to begin on the Nigerian Exchange in November 2026. The shares themselves are not tokenized; stablecoins are converted into subscriptions settled through the exchange’s conventional system.

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