Everything you need, before the Offer opens
What is an Offer?
An Offer for Subscription lets the public buy shares in a company for the first time. If it's oversubscribed you may receive fewer shares — and the balance is refunded automatically.
BVN & NIN
Your Bank Verification Number and National Identification Number confirm who you are when you subscribe. DIPO never asks for — or stores — your full numbers.
CSCS account
Nigeria's central securities depository holds your shares electronically. Your bank or a licensed stockbroker can open one for you, usually alongside your subscription.
After you subscribe
Ask DIPO anytime: “Did my payment go through?” · “When are allotment results?” · “Where is my refund?” — real answers from live status, not guesses.
Four steps, through the bank you already use
Get ready
Have your BVN and NIN at hand, and open a CSCS account if you don't have one. DIPO can point you to the participating banks and fintechs.
Subscribe via your bank
Confirm your identity, choose how many shares to apply for, and pay — inside your own bank's app or branch.
Allotment
When results are published, DIPO messages you on WhatsApp. If the Offer is oversubscribed, shares are allotted per the published basis.
Refund & your shares
Any balance is refunded to your bank automatically, and your shares appear in your CSCS account once the registrar credits them.
DIPO informs — it never advises. DIPO cannot tell you whether to invest, predict returns, or comment on price. For advice, speak with a licensed adviser at your bank. Issuer name, price band, minimum subscription and dates will be published once the Offer is officially cleared.