Dangote IPO gives NGX a shot at N225trn market cap

BusinessDay | 08-09-2026 04:59am |

The initial public offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE is expected to significantly boost the Nigerian Exchange Group (NGX) market capitalization, potentially reaching N225 trillion. The company aims to attract 10 million retail investors through a stock incentive program. This IPO is set to make Dangote Refinery the largest listed company on the NGX.

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