Dangote Refinery IPO: Put your $900m private jet into production in Nigeria – Dangote
President of Dangote Group, Aliko Dangote, has urged billionaires with private aircraft worth $900 million to put their wealth into production in Nigeria. He made the disclosure on Monday in his remarks as Dangote Refinery’s Initial Public Offering officially went live on the Nigerian Exchange Limited. According to him, Nigeria cannot become a great nation without doing […] Dangote Refinery IPO:…
Aliko Dangote, the President of the Dangote Group, has called upon billionaires with private jets valued at $900 million to channel their wealth into productive endeavors in Nigeria. This plea came as the Dangote Refinery's Initial Public Offering (IPO) officially began trading on the Nigerian Exchange Limited. Dangote emphasized the necessity for Nigeria to achieve greatness by investing in productive activities.
Reflecting on his own experience, Dangote shared that he acquired his first private jet at the age of 22.5 years. "I try as much as I can to encourage people who are riding $900 million aircraft to please go and put that into production. We are not going to be a great nation without doing something productive," Dangote stated. The IPO of Dangote Refinery, which is valued at N2.15 trillion, was launched on Monday, September 14.
This offering involves the sale of 4.1 billion new ordinary shares at N525 per share, with a minimum subscription requirement of 10 shares, amounting to N5,250.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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