Dangote Refinery IPO offers investment opportunity to Nigerians — FCMB

Dangote Petroleum Refinery and Petrochemicals FZE has launched an initial public offering, offering 4.1 billion ordinary shares at N525 each. Nigerians can invest with a minimum subscription of N5,250, equivalent to 10 shares. FCMB Group Chief Executive Ladi Balogun said the offer gives Nigerians access to a world-scale business and demonstrates the growing reach of the country's capital market. Dangote Industries President Aliko Dangote described it as an IPO for the people.

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