Macro Finance
Dangote Aims to Raise $1.6 Bln in Nigeria's Biggest IPO
Bloomberg Markets·September 7, 2026·1 min read
Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeria's biggest initial public offering. Dangote Petroleum Refinery and Petrochemicals FZE is offering 4.1 billion shares at 525 naira ($0.40) each, with the IPO opening on Sept. 14.
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