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The Johannesburg Stock Exchange (JSE) wants Dangote Petroleum Refinery to obtain a secondary listing after its planned $5 billion IPO on the NigerianThe refinery aims to raise fresh funds to expand its Lagos operations, having already become a major exporter of refined petroleum productsThe move comes despite recent tensions over South Africa’s stricter immigration policies, which have contributed to exit of some Nigerian-owned businesses
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
The Johannesburg Stock Exchange (JSE) is seeking to secure a secondary listing for Dangote Petroleum Refinery after the company completes its highly anticipated Initial Public Offering (IPO) on the Nigerian Exchange (NGX), in a move that underscores the refinery’s growing influence across Africa.
The South African exchange sees the Lagos-based refinery as one of the continent’s most attractive corporate listings and hopes to add it to a pipeline of major companies expected
