Living abroad? Don't just buy fuel Own a piece of The Dangote Refinery.

Yes. This is a capital market investment in Dangote Petroleum Refinery, executed through FSDH Capital, a SEC-registered Issuing House and Dealing Member of the Nigerian Exchange Group (NGX). Alajo is the coalition partner helping make the opportunity accessible through our digital platform. However, this is a long term investment, not a quick money scheme. You are buying shares because you believe the business can create value over the long term. If you are looking for money to double next year, this may not be what you are looking for. If you are thinking about building wealth for the future, it is an opportunity worth understanding.

Think about how often you use fuel. You use petrol. Businesses use diesel. Industries use different forms of energy. That means energy is part of everyday economic activity. Dangote Petroleum Refinery is a major industrial project designed to participate in this huge energy market. The investment is not simply about petrol. It is about participating in a major business operating in an industry that plays an important role in the economy.

Because this is not about making quick money. Think about a parent who buys shares for their child when the child is young and allows that investment to grow over the years. Someone we know had her father buy shares for her when she was born. Years later, the dividends from those investments helped pay her university school fees. After she graduated, the shares were handed over to her. That is the power of thinking long term. You can invest today, give your investment time to grow, and potentially create an asset that your children can benefit from in the future. Do not ask, "How much will I make next year?" Ask, "What am I building for the future?"

This is a long term investment, and the return is not a fixed percentage. Your potential returns come through profit sharing from the Dangote Refinery, based on the company's performance and the profits available for distribution. These returns are expected to be distributed annually, in line with the terms of the investment.

You do not need millions of naira to start. The minimum through the Alajo platform is 10 units at ₦5,250. You can also invest more depending on your capacity. The important thing is to invest only what you can comfortably commit for the long term.

FSDH Capital is a SEC-registered Issuing House and a Dealing Member of the Nigerian Exchange Group (NGX). It is a subsidiary of FSDH Holding Company Limited. FSDH Capital facilitates transactions and executes investment orders in the Nigerian capital market, including the Dangote Refinery IPO. FSDH was instrumental in pushing for digital allocation this year, which is why Alajo is able to offer this service.

No. Alajo is not the stockbroker. FSDH Capital is the licensed capital market operator facilitating the Dangote Refinery IPO. Alajo is the coalition partner making the investment opportunity accessible through its digital platform.

Alajo is one of the digital collections platforms for the Dangote Refinery IPO, working with FSDH Capital. Opportunities like this are usually only available to those who already have access to stockbrokers and the formal financial system. Alajo is changing that and making Nigerians participate for the first time. Whether you are a trader, an artisan, or a salary earner, you can now access the same opportunity through our platform.

Alajo is a digital collection and distribution platform. We collect your subscription payment, submit your data to FSDH Capital for share allocation, and provide you with a portal to track the progress of your investment. Alajo does not hold or manage your shares directly. Once collection and remittance to FSDH is complete, FSDH and the Nigerian Exchange Group (NGX) handle allocation, allotment, and any refunds. Alajo remains the customer-facing point of contact for enquiries.

BVN stands for Bank Verification Number. It is a unique identification number issued to people who have bank accounts in Nigeria and is used to verify their identity for financial transactions. If you have a BVN, you can invest directly through the Alajo platform. If you do not have a BVN (for example, if you are a Nigerian in the diaspora), there is a separate investment structure through an SPV (see the Diaspora section below).

Visit the Alajo platform link, enter your BVN for verification, fill in the subscription form with your name, the amount you wish to invest, and the number of shares you want. Then make your payment using one of the available options. Once Alajo confirms your payment, your data is submitted to FSDH for share allocation.

You have two options: Bank Transfer (₦50 for BVN verification): Transfer to the account details displayed on the platform. You will need to wait for Alajo to manually confirm your payment before your subscription is processed. Payment Gateway (₦100 with instant receipt and BVN verification): Pay online through the payment gateway for instant confirmation. Your BVN is verified automatically and you receive a receipt immediately.

The bank transfer option costs ₦50 for BVN verification but requires you to wait for Alajo to confirm your payment manually. The payment gateway costs ₦100 but gives you instant BVN verification and an immediate receipt. We recommend the payment gateway for a faster, seamless experience. For example, if you are investing ₦100,000 through the payment gateway, you would pay ₦100,100.

If you used the payment gateway, you will receive an instant confirmation receipt. If you used bank transfer, Alajo will confirm your payment and you will receive a confirmation receipt after Alajo confirmation. In both cases, you can also check the investor portal at www.portal.alajo.app or dial *7133# to see your status.

You can track the status of your subscription, allocation, and any refunds through the investor portal at www.portal.alajo.app. You can also dial *7133# on your phone to check your Dangote shares allocation via USSD.

Yes. If you do not have a BVN, you can invest through the Alajo SPV (Special Purpose Vehicle). Visit www.dangoteipo.alajo.app, complete the KYC verification process, and make your payment. Alajo will purchase shares on your behalf through FSDH under the Alajo SPV Investment for Dangote IPO Limited.

Alajo is working with FSDH Capital, one of the capital market operators involved in the Dangote Refinery IPO. For investors who do not have a Nigerian BVN, we have created a Special Purpose Vehicle (SPV) that allows eligible diaspora investors to participate. Visit www.dangoteipo.alajo.app, complete KYC verification (valid ID, proof of source of income, address verification), and make your payment in Naira, US Dollars, British Pounds, or Euros. The SPV is then used to make the investment in the Dangote Refinery IPO on behalf of all participating investors.

You will need to provide a valid government-issued ID (passport, national ID, or driver's licence), proof of source of income, and address verification (utility bill or bank statement showing your current address).

You can pay in Naira, US Dollars, British Pounds, or Euros. Payment can be made by card or by bank transfer to the designated accounts displayed on the portal.

The SPV (Special Purpose Vehicle) is a company called Alajo SPV Investment for Dangote IPO Limited. It exists specifically to pool funds from investors who do not have a BVN. Alajo collects your money into the SPV account, then purchases Dangote shares in bulk through FSDH on behalf of all SPV investors. Instead of the shares being registered directly to you, the investment is held through the SPV structure. Your allocation within the SPV is tracked and visible to you through the investor portal.

Your investment is held through the SPV structure and governed by the applicable investment and Partnership Agreement documents. These documents set out your rights and interests in the investment. FSDH Capital, as the licensed capital market operator, processes and allocates shares in accordance with the terms of the offer.

You can log in to the investor portal at www.portal.alajo.app from anywhere in the world to see the status of your subscription, your share allocation (once available), and any refund information. You can also dial *7133# if you have a Nigerian phone line.

Yes. At field events such as market activations, association meetings, and community gatherings, Alajo agents will be present to help you invest on the spot. The agent will log in to their dashboard, register your details, confirm your BVN, and guide you through payment. You will receive an SMS and email confirmation immediately after registration.

No. Alajo has a strict no-cash-collection policy to protect you from fraud. All payments must be made by bank transfer through your own banking app or via a POS agent. No Alajo agent is authorised to collect cash from you under any circumstances. If anyone claiming to be an Alajo agent asks you for cash, please report it to us immediately.

Yes. Once the agent completes your registration and your payment is confirmed, you will receive an SMS and email confirmation. Your data is then submitted to FSDH for share allocation. You can track your status at any time via the investor portal at www.portal.alajo.app or by dialling *7133#.

Yes. Companies can participate, subject to the applicable requirements. For a company subscription, the required company and beneficial owner information must be provided. This opportunity is not only for individuals. Businesses can also consider investing as part of their long term financial strategy.

Yes. You can invest with your children's future in mind. You do not have to wait until they are earning money before you start building assets for them. You can also invest for other people, depending on the applicable registration and ownership requirements. Instead of giving someone only something they can use today, you can consider giving them an investment they may benefit from in the future.

The subscription window is open until 13th October 2026. After this date, no new subscriptions will be accepted. We encourage you to subscribe early to avoid missing out.

If you refer investors to the Dangote IPO through Alajo, every subscription made through your referral is tracked and you earn a commission. There are two ways to refer: Option A: You receive a unique URL with your referral code embedded. Anyone who subscribes using your link is automatically tracked under your name. Option B: You receive a short, memorable referral code (for example, your name, maximum 6 characters). You share the code with your network and the investor types it into the referral field when subscribing on the Alajo platform.

A referral link is a URL that already has your code built into it. When someone clicks the link, the referral code is automatically prefilled on the subscription form, so the investor does not need to type anything. A referral code is a short name or word that you share verbally, on social media, or in campaigns. The investor visits the standard Alajo platform link and types the code into the referral field themselves. Both methods track the subscription under your name.

Commission is tracked on the admin dashboard throughout the subscription period but is only paid out after the IPO subscription window closes. This ensures that all subscriptions are final and verified before any commission is disbursed.

Contact the Alajo team to request your referral code and unique link. Once issued, you can begin sharing immediately with your network. You can also check your referral dashboard to see how many people have subscribed through you and the total commission earned.

After you subscribe and your payment is confirmed, Alajo submits your data and funds to FSDH Capital. FSDH handles the share allocation process in conjunction with the Nigerian Exchange Group (NGX) and the Securities and Exchange Commission (SEC). You can track the progress of your subscription, allocation, and any refunds through the investor portal at www.portal.alajo.app or by dialling *7133#.

An IPO can become oversubscribed when more people apply for shares than are available. When that happens, allocation is done according to the applicable allocation rules. You may receive fewer shares than you requested. The surplus funds (the difference between what you paid and the value of shares you were allocated) will be refunded to you within five working days after the allotment announcement, per the FSDH timeline. This is why the channel through which your subscription is processed matters. With Alajo working with FSDH Capital as the executing institution, your subscription is processed through the capital market structure handling the offer.

Share allocation is not guaranteed. By subscribing, you acknowledge and accept the possibility of oversubscription. However, any surplus funds will be refunded. Remember, this is a long term investment. Do not invest because you expect quick returns. Invest because you understand the opportunity and are prepared to give your investment time.

You can reach the Alajo Dangote IPO support team through any of the following channels: Phone: 0700 25256 277, Helpdesk Email: helpdesk@alajo.app, or visit www.portal.alajo.app to track your investment at any time.