
Dangote Refinery Aims for $5 Billion IPO to Fund Expansion
Nigeria's Dangote refinery is reportedly planning to raise $5 billion through an initial public offering (IPO) in October. The funds are intended to finance the expansion of the refinery's operations.
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Dangote eyes $5bn IPO to finance refinery expansion
Dangote Refinery plans a $5bn IPO by October to fund expansion to 1.4m bpd, aiming for Africa’s largest listing. Learn about the pan-African investment opp Read More: https://punchng.com/dangote-eyes-5bn-ipo-to-finance-refinery-expansion/
By Punch Newspapers
Read full article →Nigeria’s Dangote refinery aims to raise $5 billion with October listing, source says
Nigeria's Dangote oil refinery is set for Africa's biggest ever market listing as it seeks to raise about $5 billion through an initial public offering expected to conclude in October, a source with knowledge of the plan told Reuters.
By Abubakar Ibrahim
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