AllAfrica
AllAfrica
Africa · 12 mins ago

Nigeria: Nigeria's Dangote Refinery Aims to Raise $5b With October Listing

[Daba Finance] Dangote Petroleum Refinery plans to raise about $5 billion in an initial public offering that could become Africa's largest listing, Reuters reported, citing a source with knowledge of the plan. The offer is expected to close in October, with Nigeria's Securities and Exchange Commission reviewing the application. A prospectus could be published in September, according to people familiar with the process.
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