Bismarck Rewane, the managing director of Financial Derivatives Company (FDC), says the proposed initial public offering (IPO) of the Dangote Petroleum Refinery could increase the market capitalisation of the Nigerian Exchange (NGX) from N161 trillion to N236 trillion.
Rewane spoke recently at the June edition of the Lagos Business School (LBS) breakfast session.
“In a ‘pure addition’ world the NGX would jump from N161 trillion to N236 trillion at listing and the ASI would re-rate proportionately,” the economist said.
The cable
