Northern Christian Leader Urges Investment in Dangote IPO
Rev. Joseph Hayab, the Chairman of the Northern Christian Association (NCA), called on northern Nigerian Christians to invest in the Dangote Petroleum Refinery Initial Public Offering (IPO) during a media parley in Kaduna. He stated that investment decisions should not be influenced by the religious identity of Aliko Dangote, the promoter of the refinery.
Hayab emphasized that business transcends religion, urging Christians to educate their members about the importance of investing and asset ownership for wealth building. He recommended that every Christian should aim to acquire at least 10 shares in the IPO, which comprises 4.1 billion ordinary shares priced at N525 each, with a minimum subscription of 10 shares valued at N5,250.
The IPO opened on September 14 and is set to close on October 13, 2026. Hayab also encouraged a culture of investment among Nigerians and directed NCA members to promote the IPO in churches.
He appealed for an extension of the offer period, citing the need for greater public awareness.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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