Vetiva Advises Dangote Petroleum Refinery IPO Launch

Vetiva Advisory Services Limited has announced its role as Lead Adviser for the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP), marking a significant capital market transaction in Nigeria. The IPO has received approval from the Securities and Exchange Commission (SEC) and is scheduled to open for subscription today.

As Lead Adviser, Vetiva is responsible for the advisory and transaction coordination process, collaborating closely with DPRP, other professional parties, and relevant market institutions to ensure the successful execution of this landmark transaction. The Offer will include an offer for subscription of up to 4.1 billion ordinary shares in DPRP, with final terms, including the issue price and offer timetable, to be detailed in the SEC-registered Prospectus.

Vetiva's involvement as Lead Adviser underscores its status as a leading investment banking franchise and its commitment to enhancing Nigeria's capital markets and facilitating long-term capital mobilization for key enterprises.