The Securities and Exchange Commission (SEC) has warned the investing public against falling victim to unauthorised and fraudulent platforms as Dangote Petroleum Refinery and Petrochemicals FZE commenced its public offer of shares on the Nigerian Exchange. The IPO opened on Monday with 4.1 billion new ordinary shares offered at N525 per share, and a minimum subscription of 10 shares valued at N5,250. The offer is expected to remain open until October 13, 2026, subject to the terms in the Prospectus. The transaction targets retail, institutional, and eligible African investors, aiming to broaden ownership and deepen participation in Nigeria's capital market.
Related Articles
Don't miss out on breaking stories and in-depth articles.