Dangote’s N2.2trn IPO to democratise wealth creation

Author: Henry OduahPublished on: September 14, 2026Country: Nigeria

Business & Economy

Dangote’s N2.2trn IPO to democratise wealth creation

Aliko Dangote, President and CEO of Dangote Industries Limited, announced that the IPO of Dangote Petroleum Refinery and Petrochemicals will allow Nigerians and global investors to own shares in a major industrial project in Africa. The N2.2 trillion offer includes 4.1 billion ordinary shares priced at N525 each, with a closing date set for October 13. Dangote emphasized that this IPO aims to broaden ownership of a major industrial asset and enable more people to benefit from the prosperity created by the refinery.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Ivorian Tourism: TDT Increases to 2.5%, Aboisso and Dabou Launch National Campaign

Business & EconomyIvory Coast

DJOMANDE Aziz•4m ago

Ivorian Tourism: TDT Increases to 2.5%, Aboisso and Dabou Launch National Campaign

The national awareness campaign on the Tourist Development Tax (TDT) has started in Aboisso and Dabou, with the TDT rate increasing from 1.5% to 2.5% of the pre-tax turnover. The Ministry of Tourism and Leisure held ceremonies to explain this reform to tourism operators and local authorities. The TDT is now equally distributed between the Tourist Development Fund and the state budget, with the tax base expanded to include amusement parks and event spaces.

Bank investors face dividend squeeze in CBK capital plan

Business & EconomyKenya

businessdailyafrica.com•36m ago

Bank investors face dividend squeeze in CBK capital plan

Large banks in Kenya, including Equity, KCB, and Co-op Bank, are now required to hold higher capital levels to comply with new regulations from the Central Bank of Kenya (CBK). This may lead to a reduction in dividends paid to investors as banks need to bolster their reserves to absorb financial losses. In 2025, the 12 listed banks paid total dividends of Sh117.2 billion, accounting for nearly half of the dividends paid by all Nairobi Securities Exchange-listed firms.

Fadilou Keïta expresses his anger: 'I will reveal everything at a press conference'

PoliticsBusiness & EconomySenegal

senenews.com•1h ago

Fadilou Keïta expresses his anger: 'I will reveal everything at a press conference'

Fadilou Keïta, the director general of the Caisse des Dépôts et Consignations (CDC), announced that he would break his silence after his handover, promising to reveal information about the institution's files. As the process for his replacement is underway, he warned that Senegalese citizens would uncover issues within the CDC. The Presidency confirmed the launch of a call for applications to appoint a new director general, with a deadline for submissions set for September 26.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more