Di initial public offering (IPO) of Nigeria Dangote refinery, wey be di biggest for di whole continent, go open for next 10 to 12 days, di owner Aliko Dangote talk on Thursday.
"So our dream be say we want make sure we double di capacity of di refinery... wey go take us to 1.4 million barrels per day. Di IPO go open for next 10 to 12 days," Dangote tell investors and analysts for Botswana, while e dey visit di Southern African country.
Di refinery, wey belong to Africa richest man, dey expect to raise about $5 billion for wetin fit become di continent biggest IPO.
Dangote no dey tell people di refinery margins, but di refining industry don benefit from stronger profits because trouble for Middle East don make people demand more alternative fuel supplies.
Di 650,000-barrel-per-day refinery don reach full nameplate capacity for February and dem don already test output at 700,000 barrels per day.
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Nigeria Dangote say refinery IPO go open within days
Di refinery, wey belong to Africa richest man, dey expect to raise about $5 billion for wetin fit become di continent biggest IPO.
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