Dangote May Seek SEC Nod for Extra Shares as IPO Demand Surges

Precious Nwonu, Enugu Nigeria’s capital market witnessed an extraordinary rush of retail investors on Monday as thousands of Nigerians scrambled to buy shares in the Dangote Petroleum Refinery and Petrochemicals initial public offering. The N2.1525tn offer generated intense demand within minutes of opening, with investment platforms and banks racing to process applications from investors seeking … [Read more…]