Dangote Refinery unveils N2.15trn IPO at N525 per share

Dangote Petroleum Refinery launched a N2.15 trillion Initial Public Offer (IPO), offering 4.1 billion ordinary shares at N525 each. CEO Alhaji Aliko Dangote stated that the aim is to raise funds for the refinery's expansion from 700,000 to 1.4 million barrels per day. The offer targets around 10 million investors, significantly exceeding the previous record in the Nigerian capital market.