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Nigeria’s Dangote Refinery IPO Set to Raise $1.5 Billion

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Reuters reports that the Nigerian Securities and Exchange Commission (SEC) has approved a $1.6 billion Dangote Refinery Initial Public Offering (IPO). The refinery plans to offer 4.1 billion shares, with an estimated price of N525 per share. This IPO is expected to be one of Nigeria’s largest in recent history.

Last updated September 5, 2026 at 9:15 am
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