Demand for Aliko Dangote’s refinery IPO reportedly reaches three times its $1.6 billion target across 119 countries
The reported order book is approximately three times the $1.6 billion (₦2.15 trillion) that Dangote Petroleum Refinery and Petrochemicals initially sought from investors
JPMorgan reportedly deposits $38 million with Nigeria’s central bank as banking launch moves closer
The deposit meets the minimum paid-up capital requirement for a nationally authorised merchant bank in Nigeria and represents one of the final regulatory steps in JPMorgan’s application, according to people familiar with the process