Home News Dangote Refinery IPO: Nigerians are buying risk not charity — Analyst

Dangote Refinery IPO: Nigerians are buying risk not charity — Analyst

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A financial analyst, Hesed Sign, has urged Nigerians interested in the Dangote Refinery Initial Public Offering, IPO, to look beyond the publicity and examine the numbers before investing.

Ms Sign gave the advice in an interview with the News Agency of Nigeria on Saturday in Lagos.

She said prospective investors should study the prospectus, financial statements, valuation, risks and potential returns, rather than base their decisions solely on the reputation of the refinery’s billionaire founder.

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