Dangote Refinery IPO Draws Investors From 90 Countries Including 51 African Nations

The Dangote Refinery IPO has attracted investor interest from 90 countries, including 51 African nations, in what analysts describe as a landmark capital markets moment for Nigeria. Renaissance Capital has separately raised its valuation of the refinery to N700.41 per share, signalling analyst confidence ahead of the close of the $1.6 billion offering.