Dangote Refinery IPO in Nigeria Gets US$1 Billion Backing

Advisers say Nigeria's Dangote Refinery has a US$1 billion underwriting programme behind its planned Lagos listing - US$600 million already funded and US$400 million promised for the IPO itself.

By Udeme Akpan  Dangote Petroleum Refinery & Petrochemicals FZE, DPRP, has secured $1 billion in underwriting backing from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group ahead of its planned initial public offering, IPO. The $1 billion programme comprises a completed and funded $600 million private p

[Daba Finance] Dangote Petroleum Refinery has secured a $1 billion underwriting programme ahead of its planned Nigerian stock-market listing, adding another source of capital as the company prepares what could become Africa's largest IPO. The programme includes a funded $600 million private placement and a $400 million

Dangote Petroleum Refinery secures $1bn underwriting, including a $600m private placement, ahead of its planned IPO. Learn about this major African capital