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Context from Wikipedia on the organisations, people and places in this story.
People of Nigeria
Nigerians are the citizens and nationals of Nigeria, as well as people with ancestry from there. The name Nigeria was derived from the Niger River running through the country. This name was allegedly coined in the late 19th century by British journalist Flora Shaw, who later married Baron Frederick Lugard, a British colonial administrator. Nigeria is composed of various ethnic groups and cultures and the term Nigerian refers to a citizenship-based civic nationality.
More on Wikipedia ↗NGX sees private talks for fresh listings after Dangote Petroleum's $2.1B IPO bid reshapes investor confidence and boosts market activity.
NOTE this story is for news information purposes only, it is not an invitation to invest. African investors across different markets have unprecedented access to the $1.6 billion initial public offering (IPO) of shares in Dangote Refinery. This follows months of work by regulators, exchanges, brokers and banks across…
Africa's richest man says retail buyers putting ₦50,000 or less into his oil refinery's record IPO will be served first if the offer is oversubscribed.