Dangote Refinery IPO to Widen Investor Base, Says Nigeria Bourse CEO
The offer includes 4.1 billion shares and starts at 10 shares for retail buyers, with regulators extending the sale to widen participation.
6 Articles
6 Articles
Africa’s richest man Aliko Dangote’s $1.6 billion refinery IPO could multiply Nigeria’s active investors fivefold and connect its shares to markets across Africa
Africa’s richest man, Aliko Dangote, could bring millions of Nigerians into the stock market through the $1.6 billion public offering of his oil refinery, according to the head of the country’s exchange. Temi Popoola, chief executive of Nigerian Exchange Group, said the landmark share sale could multiply Nigeria’s active investor population by between three and five times.
Nigeria’s Active Investor Base To Grow 5-fold With Dangote’s $1.6bn Refinery IPO
Nigeria’s active investor base is expected to grow fivefold with Dangote’s $1.6 billion refinery IPO, according to the Chief Executive Officer (CEO) of Nigeria’s Stock Exchange, which hopes it will deepen links with other African markets. Aliko Dangote launched what would be Africa’s biggest IPO earlier this month, aiming to bring in millions of retail […]
Nigeria’s Active Investor Base To Grow Five Fold With Dangote’s $1.6 Billion Refinery IPO
Yemisi Izuora Nigeria’s active investor base is expected to grow fivefold with Dangote’s $1.6 billion refinery IPO, according to the Chief Executive Officer (CEO) of Nigeria’s Stock Exchange, which hopes it will deepen links with other African markets. Aliko Dangote launched what would be Africa’s biggest IPO earlier this month, aiming to bring in [...]
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