An opinion piece highlights the potential impact of the Dangote Refinery's Initial Public Offering (IPO) on the Nigerian Exchange Limited (NGX). The IPO, approved by the Securities and Exchange Commission at an offer price of ₦525 per share, could raise about ₦2.15 trillion if fully subscribed, making it the largest equity offering in NGX history. The author argues that the IPO could deepen the market, broaden investor participation, and strengthen liquidity.
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