Dangote Refinery unveils N2.15trn IPO at N525 per share
Chief Executive of the company, Alhaji Aliko Dangote, said the offer was aimed at raising capital for the refinery’s expansion while broadening public ownership of the company.
Oladele Sotubo, Chief Executive Officer of Stanbic IBTC Capital, said the offer was structured to enable ordinary Nigerians to acquire shares in the refinery.
Chief Executive Officer of Dangote Petroleum and Petrochemicals, Mr David Bird, said the refinery’s strategic location in the Lekki Free Zone positioned it to serve Nigeria, West Africa and international markets.
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