Dangote: Refinery IPO fell short of 10m-investor target, but drew millions

By Stellamaris | Anambra The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, has disclosed that the initial public offering (IPO) of the Dangote Petroleum Refinery failed to reach its target of attracting 10 million investors. Speaking in Lagos at the 25th annual conference of Women in Management, Business and Public Service (WIMBIZ), Dangote said…

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Dangote Refinery IPO Set to Open September 14, Targets $1.5 Billion to Double Capacity in Africa

“So our dream is that we want to make sure we double the capacity of the refinery … which will take us to 1.4 million barrels per day. The IPO will open in the next 10 to 12 days,” he said, adding that the goal is to double the refinery’s capacity from its current capacity.

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