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Emele Onu

Verified
Nigeria
As seen in: Bloomberg News, MSN, MSN Ireland, Bloomberg Businessweek, Bloomberg Green Daily, Bloomberg Markets Magazine, The Washington Post, Yahoo Canada, Yahoo News, Yahoo News New Zealand, Yahoo Finance and
Bloomberg journalist; ex-money mkt editor at ThisDay Nigeria: ex-finance editor at Daily Independent; Award-winning writer; Media strategist; Opinions are mine.
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Articles

Aliko Dangote, Investment Banks Sign Africa’s Biggest IPO

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By Emele Onu Verified
| share.google
Aliko Dangote and his financial advisers signed registration documents for the initial public offering of his refinery business as Africa’s richest man takes a key step toward launching the continent’s biggest share sale to date. Dangote Petroleum Refinery and Petrochemicals FZE seeks to raise $1.6 billion from investors through an offer of 4.1 billion shares at 525 naira ($0.40), according to the signed prospectus. The IPO, which values the company at $49 billion, is scheduled to open Sept.
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Aliko Dangote, Investment Banks Sign Africa’s Biggest IPO

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By Emele Onu Verified
| Bloomberg News Verified
Photographer: Victor J. Blue/Bloomberg (Bloomberg) -- Aliko Dangote and his financial advisers signed registration documents for the initial public offering of his refinery business as Africa’s richest man takes a key step toward launching the continent’s biggest share sale to date. Dangote Petroleum Refinery and Petrochemicals FZE seeks to raise $1.6 billion from investors through an offer of 4.1 billion shares at 525 naira ($0.40), according to the signed prospectus.
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Nigeria’s Naira Heads for Best Annual Performance Since 2018

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By Emele Onu Verified
| Bloomberg News Verified
Bloomberg (Bloomberg) -- Nigeria’s currency is headed for its best performance in almost a decade, as rising dollar inflows from higher oil prices and remittances help insulate the naira from political risks usually associated with its election season, according to analysts. The naira is expected to end the year at 1,290 per dollar from its 1,328.92 per dollar close on Wednesday, according to the average forecast of four analysts surveyed by Bloomberg.
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