September 16, 2026

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IPO 'for the people' is out of reach for many in Nigeria

World Deutsche Welle
Image: Deutsche Welle

Dangote seeks $1.6 billion from investors to finance a $14.3 billion expansion and thus double the oil refinery's capacity. The offer could give millions of Nigerians a stake in the company. But who can truly afford it?

Deutsche Welle reported this story. Read the full report on dw.com →

This is a short summary. Deutsche Welle wrote and published the full report.

Continue on dw.com →

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