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Business & Finance

Dangote Aims to Raise $1.6 Bln in Nigeria's Biggest IPO

Bloomberg Markets Monday 07 September 2026, 05:18 UTC 1 min read
Key Points

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, a company spokesman said Friday. The IPO will open on Sept. 14.

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, a company spokesman said Friday. The IPO will open on Sept. 14. Bloomberg's Anthony Osae-Brown reports. (Source: Bloomberg)
Dangote Aims (PERSON) Bln (LOCATION) Nigeria (LOCATION) IPO (ORG) Aliko Dangote (PERSON) Dangote Petroleum Refinery (ORG) Petrochemicals FZE (ORG) Bloomberg (ORG) Anthony Osae-Brown (PERSON)
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