Nigeria’s Dangote bills refinery IPO as chance for ordinary Africans to buy in

Shares in Africa’s largest oil refinery went on sale on Monday with the initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

The sale is expected to be the continent’s biggest ever IPO. Owner Aliko Dangote is looking to attract up to 10 million shareholders across Africa and raise some $1.6 billion.

Investors can buy as few as 10 shares at just $0.38 each and Dangote – Africa’s richest man – has billed…