Nigeria's Dangote refinery kicks off blockbuster IPO

Nigeria

What to know

  • Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealt...S1
  • Some trading apps crashed due to overwhelming demand for the shares, offered to retail investors at 525 naira ($0.40) each. worldpoliticsreview.com/">World Politics Review.S2
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1mo France 24

Nigeria's Dangote refinery kicks off blockbuster IPO

Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed…

1mo Worldpoliticsreview

Nigeria’s Dangote Refinery Launches Africa’s Biggest IPO

Some trading apps crashed due to overwhelming demand for the shares, offered to retail investors at 525 naira ($0.40) each. worldpoliticsreview.com/">World Politics Review.

Nigeria's Dangote refinery kicks off blockbuster IPO

2 outlets 2 reports

What to know

  • Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealt...S1
  • Some trading apps crashed due to overwhelming demand for the shares, offered to retail investors at 525 naira ($0.40) each. worldpoliticsreview.com/">World Politics Review.S2
Timeline · newest first

Sources · 2 citations

S1 France 24 1 report · EN
S2 WorldpoliticsreviewLead 1 report · EN