Dangote IPO: Vetiva emerges lead adviser

Vetiva Advisory Services Limited has been appointed as the Lead Adviser for the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). The IPO, which opened yesterday, involves 4.1 billion ordinary shares priced at N525 each, potentially raising N2.15 trillion if fully subscribed. This appointment strengthens Vetiva's position in Nigeria's investment banking market.