Dangote Aims to Raise $1.6 Bln in Nigeria's Biggest IPO

Aliko Dangote announced plans for Dangote Petroleum Refinery and Petrochemicals FZE to raise $1.6 billion through an initial public offering, according to a company spokesman. The offering includes 4.1 billion shares priced at 525 naira each, equivalent to $0.40 per share. The IPO is scheduled to open on September 14.

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