Dangote Refinery IPO could add $60bn to NGX market cap, minister says

Nigeria's finance minister stated that a fully subscribed Dangote Refinery IPO and listing could add approximately $60 billion to NGX's equity market capitalization, potentially doubling the exchange's size. The claim is preliminary and contingent on subscription levels, with no formal IPO timeline confirmed. This would mark a significant expansion of Nigeria's listed equity market and attract foreign investment.