The Securities and Exchange Commission (SEC) has approved the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE, clearing the company to offer 4.1 billion ordinary shares at ₦525 each in a transaction that could raise about ₦2.15 trillion if fully subscribed. The approval, which also covers the registration of the refinery’s existing 120.13 …
The initial public offering of Dangote Petroleum Refinery, which could raise about $5 billion and become Africa’s largest IPO, will open within the next 10 to 12 days, billionaire businessman Aliko Dangote has said. Dangote disclosed the timeline on Thursday while speaking with investors and analysts in Botswana, Reuters reported. The planned listing comes as …
The planned listing of Dangote Petroleum Refinery on the Nigerian Exchange Limited (NGX) has been touted as one of the most significant developments in the history of Nigeria's capital market. The refinery, valued at between $39 billion and $50 billion by various estimates, is expected to add tens of trillions of naira to the market …
Aliko Dangote, the President of Dangote Industries Limited, has unveiled a landmark plan to list a 10% stake in his $20 billion refinery on the Nigerian Exchange (NGX) in 2026. Dangote further announced that the company is currently in discussions with market regulators to facilitate future dividend payouts in US dollars, offering a hedge against …
