The public
offer launches September 14 and runs through October 13, aiming to raise about
$1.63 billion by selling 4.1 billion shares at 525 naira each to fund doubling
capacity from 700,000 to 1.4 million barrels per day by 2029.
Supporters see it as a way for retail investors to own part of a key project boosting energy security, while skeptics warn of risks like market volatility and high marketing costs.
Platforms like Flutterwave and Bamboo make it easy via apps and banks, with shares set to list on the Nigerian Exchange in late November.