Dangote IPO puts Nigeria’s six million investor base to test

BusinessDay | 09-10-2026 11:27am |

The Nigerian capital market is set to test its ability to attract retail investors with the proposed Dangote Refinery initial public offering. The country's investor base currently stands at six million, and the IPO is expected to gauge the market's capacity to draw in more retail participation. The outcome could have significant implications for future listings and the depth of the Nigerian Exchange.

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