Dangote Refinery IPO opens as stockbrokers express confidence of over-subscription

” Also, Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) also throw their support for the IPO of Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise, nothing that it is a significant development for Nigeria’s capital market and an opportunity for Nigerians to participate in the ownership of a strategically important national enterprise.

CIS and ASHON expressed support for a successful offer and listing, saying that broad participation would strengthen Nigeria’s investment culture, expand local ownership and contribute to the continued development of the capital market.” Ahimie added that the offer could help strengthen public participation in wealth creation and deepen understanding of how the capital market connects Nigerian savings with productive enterprise.