Dangote Refinery IPO: 10 things Nigerian investors must know before buying
SEC’s approval clears the way for Dangote refinery IPO Issue The Securities and Exchange Commission, SEC’s approval clears the way for a potential ₦2.15 trillion Initial Public Offering, IPO, giving public investors an opportunity to own a stake in one of Africa’s largest industrial assets. The proposed IPO of Dangote Petroleum Refinery and Petrochemicals FZE is shaping up to be a landmark transaction for Nigeria’s capital market. The SEC approved the commencement of the offering, clearing the refinery’s draft offer…
Dangote refinery says the IPO to open within days
Dangote refinery IPO launches in days The initial public offering of Nigeria’s Dangote refinery, the largest on the continent, will open in the next 10 to 12 days, owner Aliko Dangote said on Thursday. “So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” Dangote told investors and analysts in Botswana,…