Africa’s richest man Aliko Dangote opens biggest oil refinery to public ownership
Dangote, Africa’s richest man, dubbed the IPO one “for the people” and said he wants everyone to be able to own a share. Retail investors can buy shares in the sprawling Lagos-based refinery for 5,250 naira ($4) per share with a minimum purchase of 10 shares. Dangote retains 87 per cent ownership of the refinery, Africa’s largest.
