• Issue priced at 7.5%, matching Nigeria’s sovereign curve

Dangote Petroleum Refinery targets a $39-50 billion valuation in Africa's largest IPO ever, with pre-IPO demand exceeding $2 billion ahead of a September

Dangote Petroleum Refinery targets a $40-50 billion IPO valuation as Nigerians rush to open brokerage accounts. Pre-IPO demand has hit nearly $2 billion.