Dangote’s fortune hits $51bn after refinery IPO raises N1.5tn on NGX

The President of Dangote Group, Aliko Dangote’s luck roseate to $51 cardinal aft Dangote Refinery’s Initial Public Offering, IPO, officially kicked disconnected astatine the Nigerian Exchange Limited, NGX.

This is according to Forbes information released connected Monday.

With the revaluation of Dangote’s fortune, Africa’s richest antheral is present the 36th-richest idiosyncratic successful the world.

DAILY POST reports that Dangote Refinery’s IPO raised N1.5 trillion successful its archetypal six hours aft opening connected the NGX.

Dangote Refinery is seeking to rise N2.15 trillion done to boost its enlargement plans.

The refinery’s IPO comprises 4.1 cardinal mean shares, each with a nominal worth of $0.000013, astatine an connection terms of N525 per share, targeting 10 cardinal Nigerian investors.

Dangote’s luck hits $51bn aft refinery IPO raises N1.5tn connected NGX