Dangote launches refinery’s N2.15tn IPO on NGX
President of Dangote Industries Limited, Aliko Dangote, on Monday formally opened the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals at the Nigerian Exchange (NGX).
Dangote sounded the closing gong at the NGX trading floor in Lagos to mark the commencement of the offer, making it the first refinery to be listed for public subscription on the Nigerian stock market in the Exchange’s 66-year history.
Speaking at the ceremony, Dangote said the public offering was part of efforts to expand participation in the ownership of his companies.
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