Special Reports
Dangoteâs fortune hits $51 Billion after Refinery IPO raises â¦1.5 Trillion on NGX
The President of Dangote Group, Aliko Dangote, has seen his net worth rise to $51 billion following the official kickoff of the Dangote Refinery Initial Public Offering (IPO) on the Nigerian Exchange Limited (NGX).
According to Forbes data, the net worth revaluation places Africa’s richest man as the 36th-richest person globally.
The refinery’s public offer raised ₦1.5 trillion within its first six hours of opening on the NGX. The company aims to raise a total of ₦2.15 trillion to support its ongoing expansion plans.
The offer comprises 4.1 billion ordinary shares targeting 10 million Nigerian investors, with each share carrying a nominal value of $0.000013 and an offer price of ₦525.
Dangote Refinery Opens N2.15tn Share Offer Today at N525 Per Share
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Finance3 days agoDangote Refinery Opens N2.15tn Share Offer Today at N525 Per Share
- News2 days ago
Oju-Ore Bridge Safe,Structurally Sound,Says Works Ministry
- News3 days ago
Minister of Power secures commitment for establishment of industrial park
- News3 days ago
Lagos: Desmond Elliot prostrates before Gbajabiamila, seeks forgiveness
