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Dangote refinery targets $1.5 billion IPO with 15% greenshoe option

Verifying
  • Aliko Dangote is taking the Dangote Petroleum Refinery & Petrochemicals public on the Nigerian Exchange.
  • N525 per share values the offering at approximately $1.5 billion before any greenshoe proceeds.
  • Nigeria’s Securities and Exchange Commission approved the IPO documentation by early September 2026.
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