IPO: ‘N100k investment could become N1m in one year’ – Dangote
Businessman and President of the Dangote Group, Aliko Dangote, has said an investment of N100,000 in the ongoing Initial Public Offer, IPO, of the company could potentially grow to N1 million within one or two years. Dangote made the remark while responding to questions during an interview with Arise Television. He said investors could also […] IPO: ‘N100k investment could become N1m in one year’…
Business magnate Aliko Dangote, head of the Dangote Group, has stated that investors in the company's Initial Public Offering could see their N100,000 stake potentially grow to N1 million within a year or two. During an interview on Arise Television, Dangote elaborated on the potential benefits of this investment. He explained that the prospect of dollar-denominated dividends could serve as a safeguard against the weakening of the Nigerian naira.
Dangote added that such investments could offer financial security for those with children studying abroad, particularly in the case of further devaluation of the naira. He said, "You be collecting money, and if at a point when you have your kids studying abroad, even if there is devaluation of the currency of the naira, you are safe. 'Yes, you are safe because you are dividend you be collecting in dollars.'"
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