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Dangote Petroleum Refinery & Petrochemicals FZE has obtained $1 billion in underwriting support from Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group in preparation for its upcoming initial public offering.
Nigeria's Securities and Exchange Commission has ordered an immediate stop to the marketing activities for a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE.
Nigeria's Securities and Exchange Commission (SEC) has banned the marketing and promotion of a purported initial public offering (IPO) by Dangote Petroleum Refinery & Petrochemicals FZE, stating no application for such an offer has been made.