Invest N100,000 in Dangote Refinery, Become a Millionaire
Aliko Dangote, President of Dangote Industries Limited, announced that an investment of N100,000 in the Dangote Petroleum Refinery and Petrochemicals FZE could potentially make investors millionaires within one or two years. This projection was made during an interview on ARISE TV.
Dangote emphasized the company's commitment to ensuring good returns for investors, suggesting that the value of shares could significantly increase over time. He advised investors to hold onto their shares to benefit from potential returns, even amid currency depreciation.
The Initial Public Offering (IPO) for the refinery, which opened on Monday, is valued at N2.15 trillion and includes 4.1 billion ordinary shares priced at N525 each. The company aims to attract up to 10 million investors through various distribution channels, including stockbrokers, banks, fintech platforms, telecommunications companies, and point-of-sale agents.
Plus234Feed summary based on reporting from Nigerian Tribune. Read the original report below.
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