Vetiva Advisory Services Limited has been appointed as Lead Adviser for the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE. The IPO, approved by the Securities and Exchange Commission, opened for subscription on September 14, 2026, offering 4.1 billion ordinary shares at N525 per share. If fully subscribed, the company expects to raise approximately N2.15 trillion. The transaction is poised to be one of Nigeria's most significant capital market deals and potentially one of Africa's largest public share offerings.
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