Dangote IPO: Can Retail Capital Truly Democratise a N63 Trillion Asset?

Dangote IPO: Can Retail Capital Truly Democratise a N63 Trillion Asset?

The official launch of the public offering for Dangote Petroleum Refinery and Petrochemicals represents an unprecedented event in African financial history. Following regulatory clearance from the Securities and Exchange Commission (SEC), the industrial complex at Lekki opened subscription books for 4.1 billion ordinary shares priced at ₦525 each, aiming to raise ₦2.15 trillion from the…

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CBN Begins Work on Fresh Financial Inclusion Strategy

The Local Currency Bond Shift: Can the Capital Market Rescue Real-Sector Debt?

Nigeria’s premier fast-moving consumer goods manufacturers and industrial conglomerates have made an aggressive retreat from commercial banking halls, turning instead to domestic debt markets on the Nigerian Exchange (NGX) and FMDQ Securities Exchange. As a result of maximum lending rates exceeding 30 percent due to relentless monetary policy tightening by the Central Bank of Nigeria…

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