SEC clears Dangote Refinery for landmark N2.15tn IPO - ITREALMS

The Securities and Exchange Commission (SEC) has granted formal regulatory approval for Dangote Petroleum Refinery and Petrochemicals FZE to launch its Initial Public Offering (IPO), setting the stage for what stands to become the largest equity issuance in the history of the Nigerian capital market, reports ITREALMS.

The regulatory clearance was conveyed via an official letter to the Lead Issuing House, Vetiva Advisory Services Limited, signed by Abdulkadir Abbas, Director of the Securities and Investment Services Department at the SEC.