The Federal Government has projected that the Initial Public Offering of Dangote Petroleum Refinery & Petrochemicals FZE could increase the total equity market capitalisation of the Nigerian Exchange by about $60 billion if the offer is fully subscribed.
The government said the proposed listing could significantly deepen Nigeria’s capital market by bringing a major private sector energy asset into the public investment space.
The development is also expected to provide investors with an opportunity to participate in the growth of the Dangote refinery while strengthening the depth and value of the Nigerian equities market.
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