Dangote Group Appoints Investment Banks for Planned Refinery Listing on NGX
Dangote Group Appoints Investment Banks for Planned Refinery Listing on NGX
Dangote Group Appoints Investment Banks for Planned Refinery Listing on NGX
The Dangote Group has appointed Stanbic IBTC, Vetiva Capital Management, and First Capital as lead advisers for the proposed listing of Dangote Petroleum Refinery & Petrochemicals FZE on the Nigerian Exchange.
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The appointments signal a shift from announcement to execution for what is expected to become the largest equity offering in African capital market history, according to market analysts.
Sources familiar with the process say the transaction will deepen local market participation in one of Africa’s most strategic industrial assets and could significantly boost liquidity and investor confidence on the NGX.
The planned listing is part of the Dangote Group’s broader strategy to unlock value, broaden ownership, and strengthen transparency across its businesses, while positioning the Nigerian capital market for a landmark deal.
Dangote Group Appoints Investment Banks for Planned Refinery Listing on NGX
