Dangote to Sell Refinery Shares to Nigerians, Offering Dollar Dividends
Aliko Dangote announces the sale of shares in his $20 billion refinery on the Nigerian Exchange by 2026, offering Nigerians the chance to earn dividends in dollars, a unique proposition. The move aims to provide local investors with a hedge against currency fluctuations and access to global investment opportunities.
Dangote Group projects revenue of $100 billion by 2030, marking a significant growth trajectory. The listing of the refinery is part of a larger expansion plan to position the conglomerate among the world's top 100 companies.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
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