The Nigerian Dangote refinery goes public, driven by soaring fuel prices

The IPO of Dangote's mega refinery in Lekki, Nigeria, concludes on October 27, raising at least $1.6 billion. This marks the largest stock market operation between the Mediterranean and the Cape of Good Hope, with a total valuation of $50 billion expected. Aliko Dangote highlighted the unprecedented demand for shares, revealing the depth of Nigeria's capital markets.