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Finance & Markets

Dangote says refinery IPO offers generational benefits

President and Chief Executive, Dangote Industries Limited, Alhaji Aliko Dangote, says the N2.15 trillion initial public offering (IPO) of Dangote Petroleum Refinery & Petrochemicals FZE (DPRP) will benefit generations of investors and shareholders. The DPRP IPO got off to a scramble on Monday as various subscription channels showed strong appetite for the landmark offer. DPRP […] The post Dangote…

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KOSPI falls as US 10-year yield tops 5%, oil prices rise

Korean stocks closed lower Tuesday as renewed concerns over rising U.S. Treasury yields and crude oil prices outweighed bargain-hunting in semiconductor shares, while foreign investors extended their selling streak to a fifth session. The benchmark KOSPI closed at 6,627.26, down 0.85 percent from the previous session.

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