Nigeria: 'Dangote Refinery IPO Opens Ownership to Nigerian Investors'

Nigerians can invest in the IPO of Dangote Petroleum Refinery and Petrochemicals with a minimum subscription of N5,250. The offer, consisting of 4.1 billion ordinary shares at N525 each, opened on September 14 and is scheduled to close on October 13, with a valuation of about N2.15 trillion if fully subscribed. FCMB Group CEO Ladi Balogun stated that the offer provides Nigerians access to a world-scale business and reflects the deepening of Nigeria's capital market.