Dangote Petroleum Refinery and Petrochemicals has opened a N2.15 trillion Initial Public Offer, offering 4.1 billion shares at N525 each. The offer attracted strong interest from investors in Nigeria and abroad. Aliko Dangote projected that the group's market capitalisation could reach $350 billion by 2030 and said the company has transformed Nigeria into a refining and export hub. The company also plans to list on a US stock exchange within three years.
Related Articles
Don't miss out on breaking stories and in-depth articles.