Dangote Refinery IPO launches - Africa's largest ever
Aliko Dangote launched the IPO for his oil refinery yesterday in Lagos. It's now live.
Offer: 4.1 billion shares at N525 each (minimum 10 shares = N5,250) 5be3
Closes October 13. If fully subscribed, it raises 2.15 trillion naira ($1.6bn) and could rise to $2.1bn with greenshoe
The $20bn refinery on the outskirts of Lagos supplies most of Nigeria's gasoline since 2024 and plans to expand from 700,000 to 1.4 million barrels per day by
It's being sold through fintech apps to retail investors - "We want everyone to own a share," Dangote said.
Other Nigeria headlines:
National Laureate deadline today: Submissions close today, Sept 15
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