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…