The Securities and Exchange Commission has greenlit the Dangote Refinery’s Initial Public Offering, setting the share price at ₦525. The company plans to offer 4.1 billion ordinary shares, potentially raising ₦2.15tn if fully subscribed.
This approval follows recent announcements from refinery owner Aliko Dangote regarding the IPO’s imminent opening. The SEC’s clearance paves the way for the next crucial steps in the public offering process.
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