Investors upbeat as Dangote moves to list $20bn refinery on stock exchange

The announcement by Africa’s richest man, Aliko Dangote, that he plans to list his $20bn Dangote Petroleum Refinery on the Nigerian Exchange Limited, has created a buzz within among country’s investing public.

The plan, it is believed, will be a major boon for the management of the exchange who have been intensifying efforts in recent times to deepen the market by encouraging listings.