Dangote Refinery IPO: ‘Investors may receive N50m profit from N5m investment’

Aliko Dangote, President of Dangote Group, has said the Dangote Refinery Initial Public Offering, IPO astatine N525 per stock could grounds a 1,804.76 percent summation to N10,000.

He made this disclosure  during interrogation with Abis Fulani, portion speaking connected the benefits of Dangote Refinery’s IPO, slated to instrumentality disconnected on September 14, 2026.

According to him, investors who put N5 cardinal successful Dangote Refinery’s IPO astatine N525 per stock whitethorn summation N45 cardinal successful nett if the company’s stock terms hits N10,000.

He explained that the 700,000-barrel-per-day refinery prioritises tiny investors alternatively than large-scale investors.

“As I was saying, this share, if you look astatine it, we are presently astatine N525. A time volition travel erstwhile this stock volition scope N10,000.

“Therefore, if you clasp it, having bought it, and it rises to N10,000, wherever you antecedently invested N5m, it volition present beryllium worthy implicit N50m. You see, you person go wealthy.”

“When you bash thing similar this—what is called an IPO—all the small-scale investors are the ones who volition beryllium fixed precedence first,” helium said.

His comments travel arsenic investors await the refinery’s listing connected the Nigerian banal market.

The refinery, which debuted successful May 2023, recorded gross of astir N19.47 trillion ($13.91 billion) and a Profit After Tax of astir N2.55 trillion ($1.82 billion) successful the archetypal fractional o...