Dangote targets 10m shareholders as Refinery IPO opens

The Dangote Petroleum Refinery and Petrochemicals has launched its Initial Public Offering (IPO), targeting 10 million shareholders across Africa. Shares are priced at N525 each, with a minimum subscription of 10 shares, aiming to raise over N2 trillion for its expansion program. Aliko Dangote emphasized that the IPO is designed to broaden ownership of the refinery and allow ordinary Nigerians and other Africans to participate in its future growth.