· Dangote expands northern footprint, unveils new skills centre in Kano
Kayode Tokede in Lagos and Ahmad Sorondinki in Kano
The Securities and Exchange Commission (SEC) has approved the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, with the company offering 4.1 billion ordinary shares at N525 each.
The offer could raise approximately N2.15 trillion if fully subscribed, according to a statement issued by the Dangote Group yesterday.
The SEC’s approval now clears the way for the next stages of the offering.
